Patrick Cantlay‘s hat will not include the Goldman Sachs logo in 2024.

According to reports, Goldman Sachs has terminated its hat deal with the world No. 5. In a statement, Goldman Sachs cited the move as “routine business.”

“We constantly evaluate the firm’s partnerships, and at this time, our logo will no longer appear on his hat,” a Goldman Sachs spokesperson said.

According to the report, Cantlay, 31, and the global financial services giant are not officially “severing ties.” In fact, the eight-time PGA tour winner could appear at Goldman Sachs events.

Before signing on with Goldman Sachs in 2020, Cantlay was sponsored by Titleist.