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June
9 th
The bloodhorse quoted Trainer Todd Pletcher saying “There is very little incentive for anybody besides the (Kentucky) Derby (gr.1) winner to run back in the Preakness (gr. 1). The Triple Crown has to take a hard look at whats going on here.”
I decided to pull out the old Racing Almanac and see what the previous Triple Crown bonus structure had been. From 1987-1993, a $1M bonus was paid to the horse with the best overall performance in all three of the Triple Crown races. The bonus winner was determined through a point system that gave 10 pts for 1st, 5 pts for 2nd, 3 pts for 3rd, and 1 pt for 4th. This bonus was originally sponsored by Chrysler, until they withdrew their spnsoreship in 1993.
In 1998, Visa stepped up to the plate and sponsored a $5M bonus for a Triple Crown sweep, until last year when they did not renew their sponsorship contract. Obviously, nobody was able to cash in on this bonus.
The sweep bonus would have been great for the connections if their horse had accomplished it, but it didn’t offer any incentive. The accomplishment of winning the Triple Crown offers enough incentive on it’s own for the Kentucky Derby winner to continue on to the Preakness, and then to the Belmont if they can complete the sweep.
So why not bring back the point system, but with a $5M bonus? This truely gives incentive to every Kentucky Derby entrant to move onto the next leg. Without it, the connections look towards a Summer campaign for their horse, and the public looks for a baseball game to watch.
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