Brock on Brock

Every now and then I’ll receive a tweet. “He’s entered.” Or I’ll get a message on Facebook: “Looks who running at Santa Anita/Monmouth/Belmont/Saratoga tomorrow.” At the suggestion of a friend on Twitter, I finally have him registered on my DRF.com Watch Mail. Got one the other day as a matter of fact.

Brock is in the third race at Belmont Park Wednesday. The race does not have much noteworthy about it. It is just a weekday maiden special weight for a purse of $51,000. Making his sixth career start for trainer Steve Asmussen (photo right), Brock has time and room for improvement to be kind.

At one point, Brock was Mr. Popularity, Joe Cool on Campus, all that and more when he sold as 2-year-old for $2,300,000 at the Fasig-Tipton Calder Sale last March in Florida. As a son of Distorted Humor, and out of the A.P. Indy daughter Tomisue’s Delight, Brock certainly had an impressive catalogue page and it showed as the next richest horse sold was a Smart Strike colt for $825,000.

Distorter Humor had already sired Kentucky Derby presented by Yum! Brand (gr. 1) winner Funny Cide and a host of other grade 1 stakes winners. Distorted Humor is among the leading producer of stakes winners and earners and demanded a $90,000 stallion fee the year Brock was bred.

But it was mother that brought most of the fire power to Brock’s bloodlines. Tomisue’s Delight won more than $1.2 million on the track include grade 1 stakes such as New York’s Personal Ensign and Ruffian Handicaps. She had already produced a stakes winner (Mr. Sidney) from six foals, of which three were also winners. She also produced Save Big Money, a stakes-place earner of more than $240,000, and is a full sister to 2003 Horse of the Year Mineshaft, both by Horse of the Year A.P. Indy.

Things seem to be going well for Brock after the sale and leading into his career as a race horse. He stayed on schedule with his early training and by the summer, he was in trainer Steve Asmussen’s barn at Saratoga.

Brock went off at a relatively popular 7-to-2 in his first start, but ran into a buzz saw and finished eighth of nine horses that day, more than 18 lengths behind a rookie Stay Thirsty. Stay Thirsty of course, is on a two-graded race winning streak having taken the Jim Dandy (gr. 2) and Woodward (gr. 1) at Saratoga recently. That was Brock’s only start as a 2-year-old.

More than seven months later, Brock tried another group of maidens, this time on the West coast at Santa Anita and at a farther distance of one mile. Although Brock was the second choice of the bettors again and he ran a better race, Brock finished a well beaten fourth, finishing more than 14 lengths behind the winner. Again Brock had met another steamer in Midnight Interlude, who would go on to represent trainer Bob Baffert in the Kentucky Derby on May 7, but it was time for Brock to make some progress.

Brock made his next start at Churchill Downs on May 7; except he was not running in the Kentucky Derby. Brock was still in maiden races, this one just following the Derby. Brock finished seventh, more than six lengths from the winner. The race was far from impressive, but again there was some improvement.

Brock started again at Churchill a month later, but his progress seemed to have flattened as he was fourth for the second time, this time 10 lengths from the lead. In his four career races, he had beaten by a combined 48 lengths.

Brock was not bred for a fast start and his blood dictates that he should like the longer races. But frustration must still creep into the minds of Asmussen or the team now behind Stonerstreet Stables when considering Brock. Stonerstreet, of course, was founded by the late Jess Jackson and runs under the yellow colors made famous by their Horse of the Year winners Curlin and Rachel Alexandra.

And Stonerstreet horses are not for early retirement. Both Curlin and Rachel Alexandra ran in the year following their Horse of the Year award. Certainly – even as blue as Brock’s blood - they are were not ready to give up after only four starts.

And sure enough, Brock responded in his last race, finishing second in a maiden special weight race at Monmouth Park July 11.

Wednesday Brock makes his sixth start in the third race at Belmont Park going a mile around one turn. Belmont Park line maker has Brock listed as the 2-1 favorite and if that holds, it will be the first time Brock walks into the starting gate favored.

Brock has been training well leading up to this race with five furlong bullet work at Monmouth Park in 1:01 2/5 seconds breezing a week ago Monday. Asmussen followed that with another Monday work this today at Belmont, working as easy three furlongs in :38 2/5ths.

Wednesday’s maiden race is a short field with second choice Crushing breaking from the inside post at 5-to-2 odds. The Chad Brown-trained son of Kentucky Derby winner Giacomo seems most comfortable running near the lead, similar to Brock. However, there appears to be no speedsters to lead the way for this race, which makes it a bit more unpredictable. If there is an unusually slow pace, there is every reason to believe that both or either one of those two may lead this race early.

Or any of the six contenders could try to steal the race by trying get a lone lead. On paper, nobody looks like they want the lead, but Post Ranch and RJ's Affair are making their first starts, both with 8-to-1 morning line odds.

However the race may set up or where ever Brock may finish Wednesday, we’ll still be pulling for him here at The Brock Talk.

Similar to when I followed Hall of Fame Cardinal outfielder Lou Brock during my childhood – I’ve been following Brock the horse. I use the DRF.com Watch Mail to follow equine Brock now instead of the Sporting News which I used then to follow the St. Louis Cardinals. And through the miracle that is TVG I will get to see Brock race live Wednesday instead of the days old box scores on which I had to rely in the weekly Sporting News.

I don't really care about Brock Lesner and the Dallas Cowboy status disqualified Brock Marion from my favorite list. But Lou Brock is my all-time favorite baseball player.

Although he needs a win and a direction change in his career, I’ll take my support a step further with equine Brock. There will be some financial support for Brock at Belmont from Brock at Lone Star Park.

Brock on!

Haskell Has Skins As Eclipse Award Barometer

With a stellar and competitive field assembling on the Jersey shore for the $1 million IZOD Haskell Invitational (gr. 1) Sunday, perhaps the best bet of the race will be that the Champion 3-Year-Old Colt or Gelding of 2010 will come out of Monmouth Park’s marquee event.

In a Triple Crown that saw no horse win more than one race and Belmont Stakes (gr. 1) winner Drosselmeyer on the sidelines through August, there is no clear cut favorite for 3-year-old championship title.

The $1 million Haskell at 1-1/8 miles is expected to feature Kentucky Derby (gr. 1) presented by Yum! Brands winner Super Saver (top photo), Preakness (gr. 1) winner Lookin at Lucky, Florida Derby (gr. 1) winner and Kentucky Derby runner-up Ice Box and First Dude, second in the Preakness. So other than Drosselmeyer and Belmont second-place finisher Fly Down, who is headed for the Jim Dandy Stakes (gr. 2) Saturday at Saratoga, the current 3-year-old crop is well represented in the Haskell.

There are also a slew of other Haskell contenders that could still be champion honorees with potential wins left this year in the Travers Stakes (gr. 1) later in August at Saratoga and the Breeders’ Cup Classic (gr. 1) at Churchill Downs November 5. A late season hot streak by Uptowncharlybown or Trappe Shot would give them credentials to at least enter the discussion.

History also makes a pretty good case for the Haskell producing a divisional champion. In the previous 42 runnings of the race, 15 Haskell starters have gone to become the Champion 3-Year-Old Colt or Gelding, two have been named Champion 3-Year-Old Filly; and five of those 17 have been named Horse of the Year at year’s end.

The 2009 Haskell would go on to produce the most decorated group as winner Rachel Alexandra became the Champion 3-Year-Old Filly and Horse of the Year while Summer Bird, second to Rachel Alexandra in the Haskell, was named the Champion 3-Year-Old Colt.

Serena’s Song in 1995, is the only other filly to win the Haskell Invitational and she was also given the Eclipse Award that year as the Champion 3-Year-Old Filly.

Champion production has been going one for nearly 40 years in Haskell going back to 1974 when Kentucky Derby winner Little Current went on to become Champion 3-Year-Old Colt or gelding after finishing second to Holding Pattern in the Haskell. A year later, Wajima won the Haskell and the championship.

In 1983, Slew O’Gold won the Champion 3-Year-Old male title after finishing sixth in the Haskell behind Preakness winner Deputed Testamony. Two years later Spend A Buck became the first future Horse of the Year to start in the Haskell, finishing second to Skip Trial at Monmouth Park.

In 1994 Holy Bull won the Horse of the Year and divisional honors after winning the Haskell but it was the decade of the oughts when Eclipse Award winners began coming off the Haskell assembly line. From 2001 through last year, seven Haskell starters have been named divisional champions including and Point Given (2001) (photo right), Curlin (2007) and Rachel Alexandra all also received the gold trophy for Horse of the Year.

Big Brown (2008), Funny Cide (2003) and War Emblem (2002), all Kentucky Derby winners, were the other divisional champions from the decade along with Summer Bird and Rachel Alexandra. Big Brown and War Emblem were also Haskell winners while Funny Cide was third behind the speedy Peace Rule at Monmouth Park.

So this year’s Haskell Invitational, like most, is more than just a rematch of some Triple Crown contenders, locals and late bloomers. It is perhaps a pre-cursor to the road to championship.

Monmouth Park Hits Another Homer With Rachel

With the opening of Del Mar in Southern California and Saratoga in upstate New York, there will be no shortage of reasons to be a racing fan this weekend. However, the two famous and favorite venues will have to back off the spotlight momentarily Saturday when 2009 Horse of the Year Rachel Alexandra runs in the $400,000 Lady's Secret Stakes at Monmouth Park in New Jersey. In fact, it is safe to say that Rachel Alexandra will probably draw the attention of race fans at Monmouth Park and possibly national television viewers on TVG Friday during the races when she is scheduled to school in the paddock at Monmouth Park.

The Lady's Secret was modified in recent months by Monmouth Park to accommodate Rachel Alexandra trainer Steve Asmussen and principal owner Jess Jackson to entice them to return to Monmouth Park with their star. The purse for the ungraded race was increased $250,000, the distance was extended an additional sixteenth of a mile to 1-1/8 miles and the date was moved up a week from the original Aug. 1 as published in the stakes book.

The field set to face Rachel Alexandra is far less than stellar as well with the most formidable of them listing ungraded stakes wins at the top of their list of accomplishments. There will be no foes with the qualifications of Zardana, who defeated Rachel Alexandra in her 2010 debut in the New Orleans Ladies in March; nor Unrivaled Belle, upset winner of the grade 2 La Troienne Stakes at Churchill Downs April 30 over Rachel Alexandra.

But the race is just what the trainer ordered for a filly who is trying to solidify that she has her groove on again after winning the Fleur de Lis Handicap (gr. 2) in her last race by 10-1/2 lengths. Monmouth Park is also a track Rachel seems to like quite a bit having won the $1 million Haskell Invitational there last year over Belmont Stakes winner Summer Bird and a cast of disheartened colts.

The race is just one more feather in the cap of the New Jersey Sports and Exposition Authority which runs Monmouth Park. This year the track's executives have racked up enough feathers to start a pillow company with their double digit or better increases in attendance, handle and field sizes during their experimental Elite Summer Meet.

And with the 2010 Haskell looking to feature Kentucky Derby presented by Yum! Brands winner Super Saver, Preakness winner Lookin at Lucky, Florida Derby winner Ice Box, Uptowncharlybrown and Trappe Shot among the likely starters, there are no signs of bumps in the Monmouth Park road for the foreseeable future.

And certainly the New Jersey fans are deserving of the appearance of Rachel Alexandra and all she brings to a day at the races. These fans have been showing up at a clip of more than 10,000 per day this summer and haven't been leaving their wallets, tip sheets and past performances at home.

So the race may have it critics, but that will mean little when the cameras begin to click, the hands begin to clap and fathers are pointing out Rachel Alexandra for their daughters.

Show Me The Reason

A few days ago, NBA agent Lon Babby was on the ESPN Radio’s Mike and Mike in the Morning talking about the much anticipated NBA free agency season that began at midnight Thursday. With the iconic Cleveland Cavalier LeBron James and superstars Dwayne Wade of Miami and Chris Boss of Toronto all becoming free agents this year, it is the biggest and potentially most impactful free agency season in NBA history. Certainly the biggest free agency class since future Hall of Famers Grant Hill and Tim Duncan hit the market together ten years ago. Babby, who represented both Duncan and Hill, told how as an agent he provides a list of criteria to each client before the free agency process begins. On that list are things like Championships, compensation, coaching, style of play, city livability, taxes, teammates, etc. There are 13 items on the list and the free agent is asked to rank them in order of importance. Without disclosing any names, Babby went on to say that nearly every free agent he has ever represented ranked compensation as their highest priority. He clarified that money does not trump every other item on the list, but if all other things are equal, money is invariably the most important to the players.

I’ve followed sports long enough to remember when Curt Flood of the St. Louis baseball Cardinals challenged a trade after the 1969 season, taking his case all the way to the United States Supreme Court, and pioneering free agency. And I’d be willing to bet that from the days when Flood roamed center field in St. Louis to James’, Wade and Boss today, money has been the driving force in most free agency decisions. For Flood it was a $100,000 contract in 1969. It was a very big number for a baseball player at that time. Today it is James, Wade and Boss each hoping for the NBA maximum contract of $96 million over four or five years.


I bring up free agency in light of the curious move recently by Jess Jackson (photo right), principal owner of Rachel Alexandra, who decided to run his 2009 Horse of the Year in the ungraded $400,000 Lady’s Secret Stakes at Monmouth Park July 24 instead of the grade 1 $250,000 Ruffian Handicap at the same distance at Saratoga the following week.

While all thoroughbreds and their handlers are technically free agents and have the right to command a certain level of purse money to perform, for most, that level is limited to the tracks at which one is given a stall and further within the confines of that track’s condition and stakes books.

But for a select few throughout history, stakes schedules and prize money has been significantly adjusted by race tracks to attract those stars. Going back to 1920 when Kenilworth Park put up $75,000 for a match race between the great Man o’ War and Triple Crown winner Sir Barton, tracks have used money and specified race conditions to feature the star thoroughbreds and promote horse racing at their venues. Certainly Rachel Alexandra and the undefeated Zenyatta fall into that category today.

Earlier this year Oaklawn Park president Charles Cella offered to boost the purse of the grade 1 Apple Blossom ten-fold to $5 million if both Rachel Alexandra and Zenyatta started. Jackson declined after Rachel Alexandra unexpectedly lost in the New Orleans Ladies Stakes preparing for the Apple Blossom. The purse of the Apple Blossom reverted back to the original $500,000 but Zenyatta and her connections still showed up in Arkansas to win her 16th consecutive race.

Instead Rachel Alexandra made her next start in the $200,000 La Troienne (gr. 2) at Churchill in early May and was upset. She finally won her first race of 2010 in her third start in the $200,000 Fleur dis Lis (gr. 2) at Churchill June 12. The next day Zenyatta made history winning her 17th race in as many starts in the $250,000, grade 1 Vanity Handicap. No purse levels were adjusted in the La Troienne, Fleur dis Lis nor Vanity but now Jackson is back in free agent mode, apparently taking Rachel Alexandra to the highest bidder – and taking the criticism for it from bloggers, the media and in particular the New York Racing Association, which operates Saratoga where the Ruffian will be run. NYRA president Charles Hayward said in a prepared statement that they “are puzzled and disappointed that Rachel Alexandra, who performed so well at Saratoga last year, is passing up the Grade 1 Ruffian to run in a non-graded race at Monmouth over the same distance."

The solution to Hayward’s puzzle of course is money – something the NYRA does not have much of after needing financial assistance from New York State to stay in business past the Belmont in early June this year. But NYRA’s financial problems are an entirely different story.

I can’t blame Jackson and his partner Harold McCormick for taking the extra money offered by Monmouth Park management. After all, Rachel Alexandra did win the $1 million Haskell Invitational over colts last year at Monmouth Park so we know she likes the Jersey Shore. It is also easy to imagine why Jackson and his ownership team, family and friends may want to return to Monmouth Park – the track and community have wonderful reputations. But you can’t tell me the crowd at Monmouth cheers any louder than the Saratoga folks last year when Rachel Alexandra won the Woodward.

I also don’t understand why Jackson exposes Rachel Alexandra to the potential criticism of skipping a grade 1 race – something she doesn’t need nor deserve. In the Zenyatta v. Rachel debate, (however tiring and ugly it can become at times) the Zenyatta supporters can now say Rachel dodged Zenyatta in the $5 million classic because the owner didn’t like the artificial surface. The Zenyatta supporters can now say Rachel dodged them again in the $5 million Apple Blossom. And now – never mind the competition in Zenyatta’s grade 1 wins in California, at least she shows up. Rachel’s critics now have her dodging grade 1 competition in their arsenal.

And I’m not sure the winner’s share of the extra $150,000 in the Lady’s Secret compared to the Ruffian is enough for a man like Jackson. I would take the barbs for $90,000 as I’m sure many would. But Jess Jackson can spend $90,000 at a concession stand if he sees a hot dog that he thinks is worth it. Jackson could probably lose $90,000 miscalculating a few tips.

Jackson has every right to take his filly anywhere he wants and run her anytime. And we as race fans are lucky she is even running this year at all. Most owners would have retired the Horse of the Year to the breeding shed. So don’t mistake me for looking a gift Rachel in the mouth.

As Lon Babby said, all things being equal between two teams, money comes into play making a free agent decision. But all things are not equal between the grade 1 Ruffian the Lady’s Secret. So we can only deduce that money is trumping every other factor for Jackson – at least in this instance.

I just don’t know why.

Editor's Note:
The subject of this post was suggested by the Thoroughbred Bloggers
Alliance, and other posts like it will be found at the TBA homepage
throughout the day. Click here to visit the TBA Homepage.

Presious Passion "Truckin" Again in Monmouth Park Stakes

Presious Passion is a super star running this weekend. He may not be a super star in the strictest sense of wins and recognitions, having finished second in the Breeders' Cup Turf (gr. 1) to Conduit and only winning one grade 1 race last year. In fact, he was a very distant third in the Eclipse Awards race behind Champion Gio Ponti and Conduit.

But like the legendary rock band The Grateful Dead, Presious Passion doesn't need a platinum record to put on a darn good show and draw adoring fans every time.

His almost unheard of turf running-style that resembles the fabled hare sprinting early only to lose to the tortoise, almost defies logic at the grade 1 level. When he can endure and continue to leave his competition like he did in the grade 1 United Nations last year, or unexpectedly battle a champion like Conduit to the wire as he did in the Breeders' Cup Turf (gr. 1T), he defies how horses are supposed to run in longer route races. It is even more defiant on grass. Racing to a big lead on the turf and trying to hold off the inevitable charge of the late runners is much akin to how Lenny Kaye described the The Dead's music in a 2007 issue of Rolling Stone magazine: "it touches on ground that most other groups don't know exist."

And like Jerry Garcia taking The Dead through an extended and improvisational version "Dark Star" in concert, jockey Elvis Trujillo tries to stay in rhythm and harmony with Presious Passion. Just as Bob Weir and Garcia took on stage cues from each other as to when to go solo during live concerts, Trujillo and Presious Passion certainly communicate through a long turf race - changing leads when it feels right, but keeping the pace going the whole time. If nobody passes out, it's a helluva show.

Jerry Garcia was known for his soulful and extended guitar solos. Presious Passion is known for his soulful and extended turf races. In a rock and roll industry that is known for the one hit wonder, The Greatful Dead has lasted more than 40 years. In a thoroughbred game that has to endure the annual exodus of many of our biggest stars, Presious Passion continues to race at age six.

Since coming up just short in the Breeders' Cup Turf last year, Presious Passion has traveled to South Florida to win the Mac Diarmada (gr. 2T) before traveling to the United Arab Emirates to Dubai's Sheema Classic (gr. 1UAE) in March. After getting to his customary big lead in Dubai, the soft turf course took it's toll and he faded to last.

Saturday he returns to New Jersey to attempt to win the Monmouth Park Stakes (gr. 3T) for the second consecutive year. Trainer Mary Hartmann will then point him toward a possible three-peat in the grade 1 United Nations Invitational later in the Monmouth season.

So there will be plenty of Passion-Heads in Oceanport over the summer. They may not be driving vw vans or doning tie-dye and love beads... but you can be sure they've come to see "Truckin'."

Truckin, I'm goin' home, whoa whoa baby, back where I belong
Back home, sit down and patch my bones, and get back truckin on
Hey now get back truckin home. -- The Grateful Dead, "Truckin'," 1970

Neither Paradise Nor Bust, Horse Racing Presses On

Thoroughbred racing in North America is a vast industry that spans all three countries, including every state in the United States whether the home of tracks, breeders, owners and horsemen, management, manufacturing, service, agriculture or fans and gamblers. So whether you're elated by the Medaglia d' Oro filly that sold for a Maryland record $650,000 last week or prepared to take arms against the closing of Saratoga, be aware that all is not lost nor are we paradise bound.

The Triple Crown Bad News
The 2010 Triple Crown has never had much star quality momentum since the injury and departure of Fountain of Youth (gr. 2) and Wood Memorial (gr. 1) winner Eskendereya (photo right). Even before that, Looking at Lucky, who was the favorite to win the Kentucky Derby throughout most of the winter, never got untracked barely winning a troubled Rebel Stakes (gr. 3), and unlucky losses in the Santa Anita Derby (gr. 1) and the Kentucky Derby (gr. 1) presented by Yum! Brands.

Kentucky Derby winner Super Saver provided plenty of star potential coming from the barn of Todd Pletcher and having the services of public favorite Calvin Borel, but that team flattened out in the Preakness and will now skip the Belmont.

To make matters worse for racing fans, Preakness winner Lookin at Lucky will also skip the Belmont and instead be pointed toward the grade 1 Haskell Invitational at Monmouth Park in New Jersey on August 1. So we are left with a Belmont Stakes (gr. 1) without a Kentucky Derby or Preakness winner for the first time since 2006.

The Triple Crown Good News
The NBC telecast of the Kentucky Derby was the highest in 18 years and eclipsed the 2009 Derby telecast that was the highest in 20 years. The 10.3 overnight rating and 23 share mean that nearly one in four television sets turned on Saturday afternoon were tuned into the Kentucky Derby. In terms of comparison to other major league sports on tv, the Derby ratings were higher than the final game of the 2009 World Series, the 2009 NBA Championship final game and the Stanley Cup finals in the NHL.

While the television ratings for the Preakness fell nearly 20% from a year ago, that Preakness was bolstered by the presence of the filly Rachel Alexandra and was among the highest rated Preakness telecasts in two decades. Even with the drop in comparison to last year, the Preakness ratings were still higher than the 2008 telecast and NBC reported that the combined ratings for the two telecasts results in the highest numbers of any consecutive horse telecasts since 1989.

More Good News To Triple Crown Bad News
While the 3-year-old crop of 2010 has yet to develop a horse with much star power, the older horse division is perhaps as loaded with stars as any year in decades.

Zenyatta continues to run into the racing history books and living rooms of America with every race as she continues to add to her now undefeated record in 16 career starts. While 2009 Horse of Year Rachel Alexandra has stumbled a bit in two close losses this year, there is no doubt she will draw attention and crowds when she makes here next start. Should Rachel Alexandra develop any resemblance of her 2009 form and eventually meet Zenyatta, the race will be a significant historical event in racing.

Just below the two superstars looms the popular Quality Road, winner of the 2009 Florida Derby (gr. 1) and undefeated in two starts this year; Summer Bird, the first horse in 20 years to win Belmont, Travers (gr. 1) and Jockey Club Gold Cup (gr. 1); and Rail Trip on the West coast, who looked impressive while winning the Mervyn LeRoy (gr. 2)in preparation for his defense of the Hollywood Gold Cup (gr. 1) title.

Closings on the Coasts?
For at least the last two years, Hollywood Park near Los Angeles has ended a race meet with little or no assurance that it would not be the last. In July 2005, Churchill Downs sold the track to the Bay Meadows Land Company for $260 million in cash. Under the terms of the deal, the company was to continue thoroughbred racing at Hollywood Park for at least three years and longer if favorable gaming legislation was passed in California. Five years later, there are no slots at California race tracks, Hollywood Park Race Track is still running and the Hollywood Park Tomorrow retail, commercial and residential development is still just a plan.

Across town at Santa Anita, owner Magna Entertainment appears to have survived a bankruptcy in their Roman racetrack empire that has spanned to Texas, Maryland, Michigan and various points in between. Now parent company Magna International Development has told the Oak Tree Racing Association, which has leased Santa Anita since 1969 for their non-profit Fall meeting, that they are reneging on a previous agreement and want to void the lease. But California neighbors Hollywood Park and Del Mar near San Diego quickly told Oak Tree officials they are welcome to run the meeting at their tracks. MID blinked and is expected to resume negotiations with Oak Tree Officials.

MID chief executive officer Dennis Mills has a standing offer to play poker at the Sheridan house any time. He wouldn’t last an hour at the same table as my wife.

On the East coast, New York Racing Association president and CEO Charlie Hayward said Monday that cash problems must be resolved with the state or they will not have the funds to continue the Belmont Park meeting past the Belmont Stakes nor open Saratoga. Due to a $17 million shortfall from the New York Off-Track Betting Corp., NYRA, which operates Belmont Park, Saratoga and Aqueduct race tracks, has hit a cash crisis with devastating potential.

Although New York governor David Paterson and various state legislators have pledged not to allow racing to halt in New York, those same politicians have been working nine years to approve a slot operator and allow Video Lottery Terminals to be installed at Aqueduct. Slot revenues are expected to be a large benefit to the NYRA and state bottom line just as it has in other racing jurisdictions where slots have been allowed at tracks.

East Coast Good News
Saturday, Monmouth Park will open perhaps the most anticipated racing season in their 64-year history, offering $1 million per day in purses and attracting some of the top stables from New York, California and Kentucky. The 50-day summer meet is part of a plan that has sliced live thoroughbred racing days in New Jersey to 71 total and eliminating the thoroughbred season at the Meadowlands.

The season will feature racing predominantly on a Friday through Sunday basis in an effort to boost attendance and handle at the track to subsidize the large purses. Management is also counting on full fields and 11 and 12-race cards that are likely to become more attractive to the thoroughbred players across the country.

The racing industry has for years clamored for the "less racing/larger fields" strategy to be implemented in racing jurisdictions throughout the country. But the risk of potential lost revenue due to lost racing dates has been too large for managements and states before the Monmouth experiment begins this week.

Bad Economy Blasts Breeders Too
According to Bloodhorse.com, fees for advertised stallion may have fallen as much as 25% in 2009 and the 2010 season may be even worse for stallion owners and breeders. Gross sales at public auctions in North America fell from $972 million in 2008 to $659 million a year later, a decrease of some 32%. Lost revenues at sales directly and adversely affect studs fees, in particular the summer yearling market.

But the sales markets are showing signs of improvement in the early months of 2010 which will have a positive impact on stallion fees should the trend continue.

One of the leading early economic indicators for public auctions are the success of two-year-old in training sales held by public auction houses Barretts, Fasig-Tipton, Keeneland, and the Ocala Breeders' Sales Co. While gross sales at these auctions have decreased at many of the sales, the Fasig-Tipton Midlantic sale of 2-year-olds in training Monday in Maryland saw horses sold and gross revenue increase 7.9% and 23%, respectively, from a year ago.

One segment of the industry that has done well throughout the 2-year-old season are pin-hookers. (those that purchase yearlings at summer auctions with the express intent of reselling them in 2-year-old-in-training sales the following spring.) The rate of return on investment for most pin-hookers this year has more than doubled into the 70% range according to bloodhorse.com, giving plenty of hope to the yearling market later this summer.

Good yearling sales means improved stud fees and hopefully the recovery of yet another thoroughbred racing segment from the depths of this latest recession.