Dunlap, the 20-year-old University of Alabama sophomore and reigning U.S. Amateur champion, is the first amateur winner since Phil Mickelson at the Tucson Open in 1991.
The anticipated part of this announcement has involved an agreement with Saudi Arabia's Public Investment Fund (PIF) and the DP World Tour, which is behind LIV Golf and would inject additional billions of dollars into PGA Tour Enterprises.
Jon Rahm was one of LIV Golf’s biggest offseason additions when the rival golf league signed the reigning Masters champion away from the PGA Tour in December.