Jon Rahm of Spain, a former world No. 1, has filed a separation agreement with LIV Golf in a U.S. court.
The Associated Press and other foreign media reported on the 16th, Korea time, that Rahm submitted the agreement through his attorney to a bankruptcy court in New Jersey.
Under the agreement, Rahm recovers the rights to his name and image, along with other related trademarks. In exchange, he agreed to drop all monetary and economic claims against LIV Golf. The agreement must be approved by a judge on Nov. 5.
Rahm is known to be LIV Golf's largest creditor. As of the time the LIV league filed for bankruptcy protection in September, the amount owed to Rahm stood at $7.5 million. Rahm is reported to have signed a multiyear contract worth more than $300 million when he abruptly left the PGA Tour for LIV Golf in 2023.
The agreement states that Rahm no longer has any obligation to play in LIV Golf events and is not bound by its regulations or team rules and policies. It also provides that Rahm may sign with or join any tour, league or sponsor without notifying LIV Golf or obtaining its consent.
Having declared his departure from LIV Golf, Rahm will compete in the DP World Tour's Abu Dhabi Championship, which begins Nov. 5. When he might return to the PGA Tour, however, remains unclear.
The PGA Tour currently maintains a hard-line policy of holding no talks with players who left for LIV Golf. For players who terminate their LIV Golf contracts, it suspends eligibility for one year from the date of their last appearance in a LIV Golf event.