Palmer retiring from ceremonial tee shot at Masters (Reuters)

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Arnold Palmer of the U.S. waves to the crowd as he stands on the 18th green during the Champion Golfers' …(Reuters) - Arnold Palmer will not join in the ceremonial opening tee shots at this year's Masters due to a lingering shoulder injury, and the four-time winner at Augusta said it was time for him to give up the honor.

The 86-year-old Palmer had been an honorary starter at the Masters since 2007.

"Am I disappointed by that? Well, sure, but time moves on," Palmer said from Bay Hill on Tuesday, where he hosts this week's PGA Tour stop.

"I stopped playing in the Masters in 2004, I stopped playing in the Par-3 (Contest) last year, and now it's time to end this part of my Masters…