Dennis Drazin watched Justify win Saturday's Kentucky Derby along with the rest of the racing world, and the Monmouth Park executive is now thinking about some really big numbers to bring the colt to his track's premier race in July, the Grade 1 Haskell Invitational. According to the Asbury Press, Drazin is pursuing a $5 million bonus package to be awarded to the winner of the Breeders' Cup Classic, Travers, Haskell, and either all three or at least one of the Triple Crown races.
“I think Justify is a great horse, and I think he will win the Triple Crown,'' Drazin said. “But nothing is assured, so with the odds of winning the Triple Crown, that policy costs less because there's more of a risk, so that's a little more affordable.”
Currently, a $5 million insurance policy for the above scenario would be quoted at between six and eight percent of the bonus, or between $300,000 and $400,000. Assuming Justify goes on to win the Preakness, those insurance premiums would definitely increase.
Nothing is set in stone just yet, Drazin said. Monmouth does have a history of adding to the Haskell's purse to draw big names; in 2001, the purse was raised from $1 million to $1.5 million when Point Given entered, and American Pharoah's presence in the 2015 edition saw the purse increase to $1.75 million.
Read more at Asbury Press.
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