Goldman Sachs Group, Inc. (NYSE: GS) reportedly paid professional golfer Patrick Cantlay over $1 million annually in a sponsorship deal linked to the bank's consumer banking efforts.
A three-year contract signed by Cantlay in 2020 included a minimum of $1.1 million annually, CNBC reported, citing people with knowledge of the contract.
The payment comes with performance bonuses for PGA Tour and Major victories and hitting top rankings worth potentially far more.
However, the report added that the banking behemoth opted not to continue Cantlay's sponsorship this ...