The Breeders' Cup today announced changes to its 2014 Breeders' Cup Foal Nomination program, Nominator Awards and races comprising the World Championships approved at its recent Board of Directors meeting.
The Board acted to reduce the annual nomination fee for all North American foals to $400 per foal, if nominated by October 15 of this year. Owners of foals nominated by December 15 will continue to pay a $1,500 late fee.
From 1982 through 2007, the nomination fee was $500 per foal. Beginning in 2008, Breeders' Cup offered nominators the opportunity to nominate their weanlings for the discounted price of $400 through August 1, and then for a $500 fee until the October 15 deadline.
“We believe that the reduced $400 fee for all foals nominated prior to October 15 is the best reward to our breeders for their continuing support of the Breeders' Cup,” said Craig Fravel, Breeders' Cup President and CEO. “We gratefully acknowledge our nominators for their sustained contributions in funding our racing and awards programs.”
In actions related to the 2014 Breeders' Cup World Championships, the Board agreed to establish the payouts of foal and stallion and nominator awards at a standard that will be equal to 10% of the total foal and stallion nomination revenue paid the previous year. In addition, Championship foal and stallion nominator awards will be paid through fourth place. Historically since 1984, nominator awards have only been distributed to the nominators of the horses that finished first through third.
“Due to market conditions, foal and stallion nominator revenue has varied greatly over the history of the Breeders Cup,” said Fravel. “We believe it is most sensible this year and in the future to tie the bonus structure of the nominator awards program to a set percentage of revenues received during the previous year.”
The Board also decided that the Breeders' Cup Marathon would be discontinued. The Marathon, run at 1 ¾ miles last year at Santa Anita with a $500,000 purse, had been a part of the World Championships since 2008.
“The Breeders' Cup World Championships stand for the very best in international racing,” said Fravel. “It is our mission to conduct a racing program with competition at its highest level. While we truly appreciate the participation of owners and trainers in the Marathon, the conditions of the race have not developed into a competition that we believe reaches the standard set by the remaining races comprising the Championships. Accordingly, the Marathon will not be a part of the 2014 event.”
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