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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.