2 hours ago - Business

Jon Rahm leaving LIV Golf as league fights to survive bankruptcy

Nathan Bomey

Bearded person in a black polo shirt and red cap holds a golf ball on a sunny course, with a blurry scoreboard in the background. — Jon Rahm during a LIV Golf tournament in August. Photo: Michael Miller/ISI Photos/ISI Photos via Getty Images

Jon Rahm is exiting LIV Golf after deeming the league's reinvention plan "unacceptable," an attorney for the Spanish star confirmed Wednesday.

Why it matters: Rahm's departure marks a significant blow to the effort to create "LIV 2.0" after the league filed for Chapter 11 bankruptcy protection in September.

Driving the news: Rahm rejected the league's proposal to launch a second version of LIV and so "he will not be participating going forward" in the league, his attorney, John Beck, said Wednesday during a Bankruptcy Court hearing.

Rahm is engaged in "advanced discussions for a consensual separation agreement" with a goal of reaching a deal by Oct. 15, Beck said.

The big picture: Rahm was among the highest-profile PGA stars lured by LIV with lucrative deals that included guaranteed payouts and huge tournament prize pools.

When it filed for bankruptcy, the league said it hoped to maintain its star players under new deals.

What we're watching: Where Rahm plays next and whether the PGA Tour opens a pathway for him to return.

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Jon Rahm leaving LIV Golf as league fights to survive bankruptcy

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