Patrick Cantlay, the world’s fifth-ranked golfer, is parting ways with his hat sponsor, Goldman Sachs. According to DealBook, the investment bank opted not to renew its contract with Cantlay, who it signed to a three-year deal in 2020.
This news comes after rumors circulated 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 instead explained that he wasn’t donning a hat because the team’s headwear didn’t fit well.
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. It is unclear why Goldman decided not to renew its contract with Cantlay or what impact this decision will have on his future endorsement deals.