Current:Home > MarketsJon Rahm bolts for LIV Golf in a stunning blow to the PGA Tour -FutureProof Finance
Jon Rahm bolts for LIV Golf in a stunning blow to the PGA Tour
View
Date:2025-04-12 19:58:52
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! (63)
Related
- From family road trips to travel woes: Americans are navigating skyrocketing holiday costs
- Two 27-year-olds killed when small plane crashes in Georgia
- Magic Johnson buys a stake in the NWSL’s Washington Spirit
- Rich Homie Quan, the Atlanta rapper known for trap jams like ‘Type of Way,’ dies at 34
- Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
- Husband of missing Virginia woman to head to trial in early 2025
- NFL schedule today: Everything to know about Packers vs. Eagles on Friday
- How Travis Kelce does with and without Taylor Swift attending Kansas City Chiefs games
- John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
- Behati Prinsloo's Sweet Photos of Her and Adam Levine's Kids Bring Back Memories
Ranking
- The Daily Money: Spending more on holiday travel?
- How many points did Caitlin Clark score Wednesday? Clark earns second career triple-double
- 'Joker 2' is 'startlingly dull' and Lady Gaga is 'drastically underused,' critics say
- Physician sentenced to 9 months in prison for punching police officer during Capitol riot
- A White House order claims to end 'censorship.' What does that mean?
- Video shows Green Day pause Detroit concert after unauthorized drone sighting
- 3 Milwaukee police officers and a suspect are wounded in a shootout
- US Open: Aryna Sabalenka beats Emma Navarro to reach her second consecutive final in New York
Recommendation
Why members of two of EPA's influential science advisory committees were let go
Emma Roberts on the 'joy' of reading with her son and the Joan Didion book she revisits
'Love is Blind' Season 7 reveals new location, release date: What to know
Demi Lovato Shares Childhood Peers Signed a Suicide Petition in Trailer for Child Star
Rolling Loud 2024: Lineup, how to stream the world's largest hip hop music festival
No charges for Nebraska officer who killed a man while serving a no-knock warrant
Alex Morgan leaves soccer a legend because she used her influence for the greater good
Massachusetts driver who repeatedly hit an Asian American man gets 18 months in prison