According to his management company, world number 12 Louis Oosthuizen informed South Africa’s Olympic committee of his decision.
Louis Oosthuizen joined Shane Lowry and Davis Love III in the hole-in-one club at 16 on the back nine of the final round at Augusta.
Anirban Lahiri ended with a total of 11-over 299 to finish tied 42nd and better his previous best of T-49 last year.
Danny Willett has a very repeatable swing that more often than not stands up under the heat of being in contention.
Jordan Spieth’s worst damaging moments came at par-three 12th where he hit successive shots into the waters of Rae’s Creek.
Danny Willett became the second Englishman ever to win the Augusta Masters – 20 years after Nick Faldo wore the green jacket.
Anirban Lahiri’s 75 took him to eight-over 224 and he is now 11 shots off the leader, Jordan Spieth (73).
The third round began with the spotlight firmly on, Jordan Spieth and McIlroy forming one of the most anticipated final pairings ever.
Anirban Lahiri was happy to have gotten another chance, but disappointed at the way his scoring went in the second round.
On a par-4 first hole at the Augusta Masters, it took Ernie Els nine shots to get the job done in an astounding and forgetful record.
Jordan Spieth ended the day two shots ahead of Danny Lee and Irishman Shane Lowry.
The men’s winner will be assured of a spot in the Masters, US Open, British Open and PGA Championship in 2017.
SSP Chawrasia has finished runners-up at the Indian Open on four occasions – 1999, 2006, 2013 and 2015.
While Anirban Lahiri seems to have sealed his spot, the Indian Open will be key in determining who will join him at Olympics.
Tiger Woods had a second microdiscectomy surgery to alleviate pressure on a disc in his lower back.