Jon Rahm has reached a separation agreement with LIV Golf, according to court documents filed this week, waiving all financial claims against the golf series in exchange for the rights to his name and image. The agreement comes amid LIV Golf’s ongoing Chapter 11 bankruptcy proceedings.

The deal was disclosed following Rahm’s lawyer informing U.S. Bankruptcy Court of New Jersey Judge Michael Kaplan last week that Rahm would not rejoin LIV under the proposed financial restructuring plans. Approval of the separation agreement by Judge Kaplan is expected next month, a crucial juncture as LIV Golf’s future beyond 2026 remains uncertain.

LIV Golf, which lost its Saudi Arabian financial backing earlier this year, completed a scaled-back 2026 season in August, during which Rahm secured his third consecutive LIV season title. Rahm, a two-time major champion from Spain, was recognized as LIV’s largest unsecured creditor with approximately $7.5 million owed to him when the organization filed for bankruptcy last month.

Rahm, 31, who won the 2021 U.S. Open and the 2023 Masters, initially signed with LIV Golf in December 2023 on a reported $300 million contract after departing the PGA Tour. Over his time with LIV, he claimed victory in four events, including tournaments in the U.K. and Chicago in 2024 as well as Hong Kong and Mexico City in 2026.

Under the terms of the agreement, LIV Golf will retain rights to Rahm’s historical involvement in its events, while Rahm will gain control of his image and likeness, along with brand rights to “Rahmbo” and “Legion XIII.” However, the use of the name of Rahm’s LIV team within other leagues will not be permitted.

In related developments, Rahm, along with fellow LIV players Cameron Smith and Bryson DeChambeau, declined to participate in a PGA Tour program designed to reintegrate players who had joined LIV Golf. This program, which concluded earlier this year, facilitated the return of Brooks Koepka to the PGA Tour after his departure to LIV.

The resolution between Rahm and LIV marks a significant step as the struggling golf series navigates its financial restructuring and uncertain future.