(Photo credit: Jerod Ringwald)

Jon Rahm wants out of his commitment with LIV Golf and is willing to leave millions of dollars behind to achieve that, Front Office Sports reported Thursday.

The league filed for Chapter 11 bankruptcy in New Jersey last month, and per court filings reviewed by the outlet, Rahm has agreed to a separation agreement. It calls for him to end attempts to collect $7.47 million owed to him from past events, plus future earnings owed to him under his LIV contract.

Rahm joined the fledgling league in 2024. While contract terms never were revealed, it is believed the Spanish superstar signed a contract in the range of $300 million and is still owed more than $100 million in future guarantees.

He additionally earned more than $106 million in prize and bonus money on the course. He won the individual season championship in each of his three seasons with LIV.

LIV Golf's future was thrown into turmoil in the spring when officials from the Saudi Arabian group that had been paying the bills said it would stop funding the circuit. BC Partners Credit, an investment firm, is prepared to provide $300 million to finance what is being called LIV 2.0, should the league emerge from bankruptcy.

Rahm, who turns 32 next month, already said he had no plans to be a part of the next generation of LIV. He is a member of the DP World Tour, and the two-time major winner can try to seek to return to the PGA Tour, though CEO Brian Rolapp has given no indication that the tour will welcome back those who left it for LIV.

The next hearing is scheduled for Nov. 5, at which time Rahm's separation agreement will be up for final approval from U.S. Bankruptcy Court of New Jersey Judge Michael B. Kaplan.

--Field Level Media