LIV Golf paid Jon Rahm more than $26.6 million in the year before the league filed for bankruptcy, according to court documents filed Thursday. The payments appear in statements of financial affairs submitted in LIV’s Chapter 11 case in U.S. Bankruptcy Court in New Jersey. The filings list Rahm, LLC, under payments made to insiders between October 2025 and September 2026.
One statement totals $26,648,787.18. The largest single payment was $6,199,739.90 on Oct. 3, 2025. Four more payments of $4,946,428.57 followed on Oct. 10, Jan. 12, April 16 and July 14.
Nearly all of the money is labeled “PPA payment.” Only one entry, $663,333 on May 14, 2026, is listed as prize money.
RELATED: Jon Rahm Tops Forbes List of Highest Paid Golfers for Third Straight Year at $111 Million
A second statement totals $20,335,069.29. It includes the same four $4,946,428.57 payments on the same dates, plus a $160,945.49 PPA payment on May 1, 2026.
That statement also lists five expense reimbursements totaling $388,409.52. The largest was $168,703.69 on May 8. The smallest was $796.23 on Sept. 8, the day LIV filed for bankruptcy.
The filings also listed Rahm as LIV’s largest unsecured creditor, owed about $7.5 million in past-due payments. Rahm was widely reported to be owed more than $100 million on the rest of his deal.
In May, Rahm said he saw few ways out of his contract. “Right now, I have several years in my contract left,” he said.
The bankruptcy changed that. At an Oct. 7 hearing, Rahm’s attorney, John Beck, told the court Rahm would not return. “Rahm has independently reviewed the proposed terms of LIV 2.0 and has determined that those terms are unacceptable to him, and he will not be participating going forward in LIV 2.0,” Beck said.
A week later, Rahm and LIV filed a separation agreement. Rahm agreed to release all monetary and economic claims against the league, including prize money, bonuses, annual payments and commitment fees. The agreement describes the deal as “a complete economic walk-away.”
Rahm receives no money in return. He also gives up his equity in Legion XIII, the LIV team he captained and partly owned.
What he gets back is his name, image and likeness. LIV will transfer the “Rahmbo” and Legion XIII marks to Rahm, though he cannot use the Legion XIII name in another league such as TGL. LIV keeps ownership of historical content featuring Rahm from his time in the league.
The agreement says Rahm owes no further service or performance obligations under any contract. He may join any tour, league or sponsor “without notice to or consent from LIV.” Judge Michael B. Kaplan is scheduled to rule on the agreement Nov. 5.
Rahm signed with LIV in December 2023 as the reigning Masters champion. He won the league’s individual season title in each of his three seasons.
RELATED: Bryson DeChambeau Remains Committed to LIV 2.0 With Four Days Until Player Deadline
The same round of filings showed LIV paid $15.6 million in retention payments to executives before filing for bankruptcy. CEO Scott O’Neil received a $6.375 million retention bonus on June 24.
LIV plans to relaunch in 2027 with players holding a majority stake. The deadline for players to commit to LIV 2.0 is Oct. 25.
