Jon Rahm received more than $26 million from LIV Golf in the period leading up to its September 2026 bankruptcy filing, according to newly disclosed financial records. The revelations come as the two-time major champion prepares to leave the league under a proposed settlement that would also end his outstanding financial claims.
Jon Rahm was paid more than $26 million by LIV Golf before the breakaway circuit filed for Chapter 11 bankruptcy protection, according to financial disclosures reported by the Associated Press.
Documents filed on October 22 in the U.S. Bankruptcy Court for the District of New Jersey revealed payments to several high-profile players, alongside millions of dollars in executive compensation.
Rahm received the largest reported amount among the players identified in the latest coverage, followed by Bryson DeChambeau at nearly $13.9 million and Dustin Johnson at approximately $10.7 million.
The disclosures provide new insight into LIV Golf’s spending during its final year under the original Saudi-backed operating model.
They also arrive after Rahm negotiated his departure from the league, raising questions about the financial obligations being left behind as he prepares for the next stage of his career.
What Do the $26 Million Payments to Jon Rahm Represent?
Rahm’s reported payments were recorded over approximately one year leading up to LIV Golf’s bankruptcy filing on September 8.
A separate review of the financial statements by Zire Golf identified payments totaling approximately $26.65 million.
The records reportedly include multiple payments under Rahm’s player participation agreement, along with a smaller amount recorded as tournament prize money.
The figure should not be confused with a new signing bonus or an additional payment promised during the bankruptcy proceedings.
Rahm joined LIV Golf in December 2023 while reigning Masters champion, signing a contract widely reported to be worth more than $300 million.
The full financial terms of that agreement were never publicly confirmed.
The latest disclosures reveal part of the money paid during his final year with the league, but they do not establish the full amount he received throughout his LIV Golf career.
Rahm Was Still Owed Nearly $7.5 Million When LIV Filed for Bankruptcy
Despite receiving substantial payments, Rahm was also listed among LIV Golf’s largest unsecured creditors when the league entered bankruptcy protection.
Initial court filings identified approximately $7.47 million in unpaid obligations associated with his player agreement.
That outstanding amount is separate from the money already paid.
Rahm subsequently reached a proposed separation agreement with LIV Golf in October.
Under the arrangement, he would release the league from his remaining financial claims while gaining freedom from his contractual playing obligations.
The agreement would also restore rights associated with his name, image and likeness, along with specified trademarks connected to his LIV Golf career.
Importantly, the settlement does not provide Rahm with an additional cash payment.
Instead, it represents an exchange in which he gives up outstanding economic claims in return for contractual independence and other rights.
The agreement remains subject to court consideration, with a hearing scheduled for November 5.
DeChambeau and Johnson Also Received Millions
The latest bankruptcy disclosures extend beyond Rahm.
According to the Associated Press, LIV Golf paid Bryson DeChambeau nearly $13.9 million and Dustin Johnson approximately $10.7 million during the reporting period.
Cameron Smith and Bubba Watson were also identified as receiving approximately $2.5 million each.
These figures demonstrate the scale of the player-payment obligations carried by the league.
However, the disclosures should not be interpreted as evidence that the payments were improper.
LIV Golf had entered into lucrative agreements with established players, and fulfilling those contracts was part of its operating model.
The financial disclosures became particularly significant after the Saudi Arabian Public Investment Fund decided to discontinue funding the league beyond 2026.
LIV Golf subsequently sought bankruptcy protection while attempting to negotiate a restructuring arrangement.
LIV Golf’s Financial Problems Extend Beyond Player Contracts
The newly released records also revealed approximately $15.6 million in retention payments to seven senior executives.
Chief executive Scott O’Neil received $6.375 million in retention compensation on June 24, while other executives also received substantial payments.
At the same time, several suppliers reported unpaid invoices.
Among them were technology and media companies that had provided services for LIV Golf broadcasts and promotional activities.
The disclosures illustrate the financial challenges involved in supporting an international tournament circuit with substantial player contracts, operational expenses and commercial commitments.
LIV Golf is now pursuing a proposed restructuring backed by financing of up to $300 million from BC Partners Credit.
The revised competition, referred to as LIV Golf 2.0, would feature a different ownership model, a smaller tournament schedule and reduced individual prize funds.
Its future remains dependent on financing arrangements, player participation and the outcome of bankruptcy proceedings.
What Happens Next for Jon Rahm?
Rahm has already made clear that he will not participate in LIV Golf’s proposed 2027 relaunch.
His separation agreement is intended to remove his remaining obligations to the league, allowing him to pursue opportunities with other professional golf organizations.
The Spaniard is scheduled to compete at the Abu Dhabi HSBC Championship from November 5–8, marking an important return to traditional tour competition.
A possible PGA Tour return remains a separate matter that would depend on the organization’s eligibility requirements and any applicable disciplinary arrangements.
For Rahm, the newly disclosed $26 million figure provides additional context about the financial scale of his former LIV Golf agreement.
But the more consequential development for his playing career may be the proposed settlement that would allow him to move forward without further contractual obligations to the league.
With a November 5 bankruptcy hearing approaching, the financial and competitive consequences of his departure are becoming clearer.