Current:Home > ScamsJon Rahm bolts for LIV Golf in a stunning blow to the PGA Tour -SummitInvest
Jon Rahm bolts for LIV Golf in a stunning blow to the PGA Tour
View
Date:2025-04-15 12:58:56
Masters champion Jon Rahm bolted for Saudi-funded LIV Golf on Wednesday for what’s believed to be more money than the PGA Tour’s entire prize fund, a stunning blow that deepens the divide in golf as the two sides were negotiating a commercial deal.
Rahm confirmed the move in an interview with Fox News, during which he wore a black LIV letterman’s jacket, saying it was not an easy decision.
“I’ve been very happy,” Rahm said. “But there is a lot of things that LIV Golf has to offer that were very enticing.”
He said he would keep private how much the deal was worth amid reports that put his compensation in the $500 million range, which likely would include equity in his new team.
The development comes 25 days before the deadline for the PGA Tour and Saudi Arabia’s Public Investment Fund try to finalize their shocking June 6 agreement to become commercial partners in a for-profit enterprise, along with the European tour.
Talks have been going slowly, and Tiger Woods said last week there were a lot of moving parts. The biggest move was the 29-year-old Rahm, the No. 3 player in the world and a two-time major champion approaching his prime, being the latest to defect.
Rahm had been adamant that has enough money, he cares only about history and legacy and only recently said he “laughed” whenever he saw his name linked to LIV.
“It was a great offer. The money is great, obviously it’s wonderful,” Rahm said. “But what I said before is true: I do not play golf for the money. I play golf for the love of the game and for the love of golf. But, as a husband, as a father and as a family man I have a duty to my family to give them the best opportunities and the most amount of resources possible and that is where that comes in.”
He remains eligible for the majors for the next five years — the Masters for life, the U.S. Open until 2031. Still to be determined is how this affects his eligibility for the Ryder Cup.
Rahm’s addition gives LIV Golf seven of the last 14 winners at the majors.
___
AP golf: https://apnews.com/hub/golf
veryGood! (18)
Related
- This was the average Social Security benefit in 2004, and here's what it is now
- Baltimore city worker died from overheating, according to medical examiner findings
- Man who decapitated newlywed wife sentenced to 40 years in Texas prison
- E! Exclusive Deal: Score 21% off a Relaxing Aromatherapy Bundle Before Back-to-School Stress Sets In
- Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
- Freddie Freeman's emotional return to Dodgers includes standing ovation in first at bat
- Judge rejects bid by Judicial Watch, Daily Caller to reopen fight over access to Biden Senate papers
- Blake Lively Reveals Ryan Reynolds Wrote Iconic It Ends With Us Scene
- Juan Soto praise of Mets' future a tough sight for Yankees, but World Series goal remains
- Jury orders city of Naperville to pay $22.5M in damages connected to wrongful conviction
Ranking
- The company planning a successor to Concorde makes its first supersonic test
- Billy Ray Cyrus and Firerose finalize divorce after abuse claims, leaked audio
- Software upgrades for Hyundai, Kia help cut theft rates, new HLDI research finds
- US rolls into semifinals of Paris Olympic basketball tournament, eases past Brazil 122-87
- Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
- Rachel Lindsay Details Being Scared and Weirded Out by Bryan Abasolo's Proposal on The Bachelorette
- Climate Advocates Rally Behind Walz as Harris’ VP Pick
- 4 hotel employees charged with being party to felony murder in connection with Black man’s death
Recommendation
New Zealand official reverses visa refusal for US conservative influencer Candace Owens
New Yorkers are warned from the skies about impending danger from storms as city deploys drones
Customers line up on Ohio’s first day of recreational marijuana sales
Judge rejects bid by Judicial Watch, Daily Caller to reopen fight over access to Biden Senate papers
Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
FACT FOCUS: False claims follow Minnesota governor’s selection as Harris’ running mate
The Challenge’s CT and Derrick Reflect on Diem Brown’s Legacy Nearly 10 Years After Her Death
Jury orders city of Naperville to pay $22.5M in damages connected to wrongful conviction