John Ram is officially leaving LIV Golf, and the estimated $100 million still owed to him under the deal remains unpaid.

John Ram has agreed to forfeit the remaining $100 million he was still owed as part of his formal separation agreement with LIV Golf.

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Jon Rahm is officially out of LIV Golf, and it's costing him.

The two-time major league winner reached a severance agreement with the league in which he agreed to forfeit the remaining $100 million he was owed. Ramm returned his name, image and likeness rights to him as part of the deal, ESPN reported, citing court records.

Rahm shocked the golf world nearly three years ago when he joined the league for a deal between $300 million and $600 million after publicly opting out.

But in a bankruptcy hearing last week, Rahm's lawyers announced that he would not be part of what they called "LIV 2.0" and its "unacceptable" terms.

LIV filed for Chapter 11 bankruptcy in New Jersey last month. Between 2021 and 2026, LIV has spent around $5 billion to $8 billion. Bankruptcy filings show the league owes millions of dollars in unpaid compensation to top players including Ram, Bryson DeChambeau, Dustin Johnson and Cam Smith.

The PIF halted funding in April to redirect money to domestic projects and manage financial pressures from the regional war with Iran. Following this decision, PIF Governor Yasser Al-Rammian resigned from LIV's board of directors.

Rahm won the league's singles title in each of the last three years, and his departure from the league can be considered its biggest blow.

The rest of the golfers have until Oct. 25 to decide whether they'll stick around for LIV 2.0 or go the Ram route. There is a possibility that the league will stop its activities.

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The DP World Tour, formerly known as the European Tour, announced earlier this week that LIV players are no longer allowed to play in their events. LIV golfers were allowed to play on the DP World Tour as long as they were in good standing and paid penalties for playing in LIV events that conflicted with the DP World Tour calendar - these penalties were paid by the PIF until 2025.

Rahm won the US Open in 2021 and the Masters in 2023. He and Tyrrell Hutton were the only LIV golfers on the European team at last year's Ryder Cup.

LIV has laid off most of its operational staff, put event contractors on hold and faces a lawsuit from the Premier Golf League alleging breach of trust and conspiracy.

Brooks Koepka was the first big name to leave LIV Golf, doing so late last year and returning to the PGA Tour. Patrick Reed followed shortly after.

Shortly after PIF withdrew its funding, LIV CEO Scott O'Neill said the LIV calendar would not change, but that did not happen. The league has been scheduled since the beginning, the championship weekend was canceled and had to be held a week earlier.

OutKick's Alejandro Avila contributed to this report.

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