Current:Home > MyJon Rahm bolts for LIV Golf in a stunning blow to the PGA Tour -FutureFinance
Jon Rahm bolts for LIV Golf in a stunning blow to the PGA Tour
View
Date:2025-04-18 22:01:52
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! (46)
Related
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- President Biden: Climate champion or fossil fuel friend?
- Disney's Q2 earnings: increased profits but a mixed picture
- Everything We Know About the It Ends With Us Movie So Far
- From family road trips to travel woes: Americans are navigating skyrocketing holiday costs
- Lead Poisonings of Children in Baltimore Are Down, but Lead Contamination Still Poses a Major Threat, a New Report Says
- Check Out the Most Surprising Celeb Transformations of the Week
- CNN's town hall with Donald Trump takes on added stakes after verdict in Carroll case
- Meta donates $1 million to Trump’s inauguration fund
- Cyberattacks on health care are increasing. Inside one hospital's fight to recover
Ranking
- Global Warming Set the Stage for Los Angeles Fires
- Influencer Jackie Miller James Is Awake After Coma and Has Been Reunited With Her Baby
- Two US Electrical Grid Operators Claim That New Rules For Coal Ash Could Make Electricity Supplies Less Reliable
- Find Out What the Stars of Secret Life of the American Teenager Are Up to Now
- Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
- Shaun White Deserves a Gold Medal for Helping Girlfriend Nina Dobrev Prepare for New Role
- How Mila Kunis and Ashton Kutcher Keep Pulling Off the Impossible for a Celebrity Couple
- Disney's Q2 earnings: increased profits but a mixed picture
Recommendation
SFO's new sensory room helps neurodivergent travelers fight flying jitters
An Unprecedented Heat Wave in India and Pakistan Is Putting the Lives of More Than a Billion People at Risk
Hard times are here for news sites and social media. Is this the end of Web 2.0?
BaubleBar 4th of July Sale: These $10 Deals Are Red, White and Cute
The Daily Money: Spending more on holiday travel?
Anthropologie 4th of July Deals: Here’s How To Save 85% On Clothes, Home Decor, and More
BBC chair quits over links to loans for Boris Johnson — the man who appointed him
An Energy Transition Needs Lots of Power Lines. This 1970s Minnesota Farmers’ Uprising Tried to Block One. What Can it Teach Us?