The Madrid Masters has been officially canceled and removed from the European Tour schedule, the tour announced on Monday.
The tour will have an open, unfilled date on the schedule for the week of Sep. 17-23.
This is the second Spanish event on the tour to be canceled this season for lack of sponsorship. The Iberdrola Open was canceled in March. Javier Ballesteros, son of the late Seve Ballesteros, was set to make his tour debut in the event.