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An industry agent stated that Jon Rahm's contract with LIV Golf includes a clause allowing termination if the league schedules fewer than 14 events with purses of at least $25 million each. The comments follow reports that the league is seeking new investment after a funding withdrawal.
yardbarker.comAn industry agent told Skratch's Alan Shipnuck that Jon Rahm's contract with LIV Golf requires 14 tournaments with purses of at least $25 million. If the league reduces the schedule and prize money, the agent said the contract would be voided. Rahm signed with the league in December 2023.
Reports at the time described the agreement as a $300 million deal running through the end of 2029. About three and a half years remain on the contract.
LIV Golf chief executive Scott O'Neil has sought roughly $350 million in new investment. A reduced schedule of 10 events with lower purses is reportedly being presented to potential backers. The agent questioned which court would have jurisdiction over any contract dispute.
Rahm has stated that his role is to play golf and that league management is responsible for resolving the funding issues. He said he has faith that officials will develop a workable plan. Rahm has won two events this season and leads the individual rankings. He finished tied for second at the Wanamaker Trophy last month.
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