As Jon Rahm splits with LIV, what happens to his massive deal?

Jon Rahm reached a separation agreement with LIV Golf on Wednesday, ending his tenure with the league less than three years after joining. The agreement, which awaits approval on November 5 from Judge Michael B. Kaplan of the U.S. Bankruptcy Court of New Jersey, will release Rahm from LIV and wipe out reportedly more than $100 million in remaining payments owed to him by the bankrupt league.

Under the deal, Rahm regains the rights to his name, image, and likeness, along with his logo and the Legion XIII logo, while surrendering equity in the team. LIV Golf is freed from debts owed to Rahm, who was listed as its largest unsecured creditor. Rahm will be free to compete elsewhere and is expected to play in the Abu Dhabi Championship and the DP World Tour Championship.