Goldman Sachs has opted not to renew its contract with Patrick Cantlay, the world’s fifth-ranked golfer. The bank signed Cantlay to a three-year deal in 2020, initially repping Goldman’s online consumer banking platform, Marcus, on his headwear. However, more recently, Cantlay has only featured the Goldman name on his hats.
This news comes after Cantlay made headlines earlier this year for refusing to wear a hat at the Ryder Cup out of protest for not being paid to compete in the international team competition. Cantlay denied these claims and said that he wasn’t wearing a hat because the team’s headwear didn’t fit well.
Despite these rumors, Cantlay was also supposed to play in the Hero World Challenge in two weeks in the Bahamas, but he was taken off the final commitment list along with friend Xander Schauffele.
A spokesperson for Goldman told DealBook that “We constantly evaluate our partnerships and at this time, our logo will no longer appear on his hat.” It is unclear why the bank has decided not to renew its contract with Cantlay or what their future plans are for partnerships in golf.