Current:Home > InvestJon Rahm bolts for LIV Golf in a stunning blow to the PGA Tour -MoneyStream
Jon Rahm bolts for LIV Golf in a stunning blow to the PGA Tour
View
Date:2025-04-22 06:32:53
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! (4)
Related
- What to know about Tuesday’s US House primaries to replace Matt Gaetz and Mike Waltz
- Woman stabbed at Miami International Airport, critically injured
- Richard Simmons' staff shares social media post he wrote before his death
- Biden drops out of the 2024 presidential race, endorses Vice President Kamala Harris for nomination
- Romantasy reigns on spicy BookTok: Recommendations from the internet’s favorite genre
- New Orleans civil rights icon Tessie Prevost dead at 69
- Looking for an Olympic documentary before Paris Games? Here are the best
- Black voters feel excitement, hope and a lot of worry as Harris takes center stage in campaign
- This was the average Social Security benefit in 2004, and here's what it is now
- Dozens of Maine waterfront businesses get money to rebuild from devastating winter storms
Ranking
- McKinsey to pay $650 million after advising opioid maker on how to 'turbocharge' sales
- 3 rescued after homeowner's grandson intentionally set fire to Georgia house, officials say
- MLB trade deadline 2024: Biggest questions as uncertainty holds up rumor mill
- Bernice Johnson Reagon, whose powerful voice helped propel the Civil Rights Movement, has died
- Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
- What can you give a dog for pain? Expert explains safe pain meds (not Ibuprofen)
- Video tutorial: How to react to iMessages using emojis
- 3,000 migrants leave southern Mexico on foot in a new caravan headed for the US border
Recommendation
Louvre will undergo expansion and restoration project, Macron says
U.S. travel advisory level to Bangladesh raised after police impose shoot-on-sight curfew amid protests
3 'missing' people found safe, were never in car when it was submerged off Texas pier, police say
Pressure mounts on Secret Service; agency had denied requests for extra Trump security
Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
Evacuations lifted for Salt Lake City fire that triggered evacuations near state Capitol
Obama says Democrats in uncharted waters after Biden withdraws
'This can't be real': He left his daughter alone in a hot car for hours. She died.