Golfer Jon Rahm is reportedly jumping from the PGA Tour to the Saudi-backed LIV Golf and is expected to receive a lucrative payday for his move.

ESPN reported that the Spanish golfer will collect more than $300 million for a deal that will be longer than three years with the upstart league. The deal also includes ownership in a new LIV Golf team for the Masters champion, per the report.

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The reported deal comes as LIV Golf and the PGA Tour are looking to finalize a deal for a previously announced agreement to create a new for-profit entity that will combine the commercial businesses of the two entities and the DP World Tour. The two golf tours are seeking to finalize the deal by the end of the year.

Rahm had previously spoken out against LIV Golf when various PGA Tour players moved to the league in 2022, telling reporters in June 2022 that he was interested in the "history and legacy" of the PGA Tour rather than LIV Golf.

"I’ve always been interested in history and legacy, and right now, the PGA Tour has that. There’s a meaning when you win the Memorial championship. There’s a meaning when you win Arnold Palmer’s event at Bay Hill. There’s a meaning when you win LA, Torrey, some of these historic venues. That, to me, matters a lot," Rahm said.

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"My heart is with the PGA Tour," he added.

LIV Golf is one of Saudi Arabia's many investments in sport, with the PGA Tour reportedly coming to the table to merge with the upstart league because it could not compete with the seemingly endless money LIV had access to. A PGA spokesperson said that explanation was an "oversimplification" of why the two sides agreed to come to the table.