Goldman Sachs has opted not to renew its contract with Patrick Cantlay, the world’s fifth-ranked golfer. Cantlay signed a three-year deal with the bank in 2020, and initially represented Goldman’s online consumer banking platform, Marcus, on his headwear. However, more recently he has only featured the Goldman name.
This news comes after rumors swirled that Cantlay was refusing to wear a hat at the Ryder Cup out of protest for not being paid to compete in the international team competition. However, Cantlay denied these claims and said he wasn’t donning a hat because the team’s headwear didn’t fit well.
Cantlay was also supposed to play the Hero World Challenge in two weeks in the Bahamas, but he was taken off the final commitment list along with friend Xander Schauffele. This news is likely causing some confusion for golf fans who were looking forward to seeing Cantlay and Schauffele compete in this prestigious tournament.
It is unclear what prompted Goldman Sachs to end their partnership with Cantlay, but it is clear that this decision will have consequences for both parties. It remains to be seen if Cantlay will find a new sponsor quickly or if he will continue to play without one.