Terms of the Separation
According to the separation agreement, Rahm was granted his name, image, and likeness rights, as well as rights to "RAHMBO" and "Legion XIII," the name of his former LIV Golf team. The agreement does not include any monetary compensation for Rahm. According to filings in the Chapter 11 case, Rahm was owed $7.5 million when the league filed for bankruptcy on Sept. 8. Court records indicate Rahm is LIV Golf’s largest unsecured creditor, and it is believed the 31-year-old was owed more than $100 million.
Rahm’s attorney, John Beck, informed a New Jersey bankruptcy court last week that Rahm "will not participate" in LIV Golf 2.0. "[Rahm] has independently reviewed the proposed terms of LIV 2.0 ... and has determined that those terms are unacceptable to him, and he will not be participating going forward," Beck told the court.