Masters champion Jon Rahm bolted for Saudi-funded LIV Golf on Thursday 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. Wearing a black letterman's jacket with the LIV logo, he said it was not an easy decision.
鈥淚've been very happy,鈥� Rahm said. 鈥淏ut there is a lot of things that LIV Golf has to offer that were very enticing.鈥�
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 PGA Tour's total purse in 2023 was about $460 million.
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 moving part turned out to be 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 鈥渓aughed鈥� whenever he saw his name linked to LIV.
鈥淚t was a great offer. The money is great, obviously it's wonderful," Rahm said. 鈥淏ut 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.鈥�
He remains eligible for the majors for the next five years 鈥� the Masters for life, the U.S. Open until 2031. Still to be determined is how the move affects his eligibility for the Ryder Cup.
Rahm鈥檚 addition gives LIV Golf seven of the last 14 winners at the majors.
鈥淟IV Golf is here to stay,鈥� Lawrence Burian, the COO of LIV Golf, said in a news release sent out after Rahm's appearance on Fox News.
PGA Tour Commissioner Jay Monahan had been scheduled to meet this week with Yasir Al-Rumayyan, the head of the PIF. The meeting was delayed until next week, but it wasn't clear if it was still on or how Rahm's announcement affects the negotiations.
Since the stunning commercial partnership was proposed on June 6, the tour has also entertained offers from private equity groups. Those include Fenway Sports Group and Acorn Growth, which includes former AT&T Chairman Randall Stephenson. He resigned from the PGA Tour board out of protest with its deal with Saudi Arabia.
The agreement originally included language to end the poaching of players, but that was removed when the Justice Department had antitrust concerns.
Signing with LIV is counter to everything Rahm has said about the league. He has declared his support for the PGA Tour dating to February 2022, and as recently as August he told a Spanish podcast that 鈥淚 laugh when people rumor me with LIV Golf. I鈥檝e never liked the format.鈥�
He had said 54 holes with no cut and a shotgun start 鈥渋s not a golf tournament.鈥�
鈥淚 want to play against the best in the world in a format that's been going on for hundreds of years,鈥� he said at the U.S. Open last year. 鈥淭hat's what I want to see.鈥�
He sang a different tune in the Fox interview, saying while money was a factor, there were other elements 鈥渢hat make it so exciting.鈥�
鈥淥nce you get past that, the love of the game, wanting to grow it to a global market and be part of a team, be a captain and hopefully being a leader to teammates, it is something that is so, so special,鈥� Rahm said.
Rahm said he looked forward to having conversation with LIV leaders about potential changes he would like to see, even if he has to wait.
鈥淢y goal with this is to grow the game of golf, to make it better 鈥� whatever that may be,鈥� he said. 鈥淚鈥檓 an ambitious person, but I鈥檓 not a greedy one. I know I can鈥檛 have everything, so there are some things I will have to sacrifice and for right now, that seems like one that I can live with.鈥�
The PGA Tour did not have an immediate comment. Players typically are suspended when they play 鈥� the next LIV season starts Feb. 2 鈥� although public promotion of a rival league can lead to immediate suspension unless Rahm chooses to resign from the PGA Tour.
That would leave him only four majors a year to compete against the likes of Rory McIlroy, Scottie Scheffler and the rest of the top 10 in the world ranking.
鈥淣obody is forcing us to do this. This is our own choice,鈥� Rahm said. 鈥淎nd if the product wasn鈥檛 good, I don鈥檛 think people would be making this jump. I certainly wouldn鈥檛 be doing it because, again, I have had a great platform on the PGA Tour and I鈥檓 forever grateful for the platform that they鈥檝e given me. If lucky, and things go well in the future, I still want to be part of that platform.鈥�
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AP golf:
Doug Ferguson, The Associated Press
