Awards are on the way to Kentucky's Thoroughbred breeders participating in the commonwealth's Thoroughbred Breeders' Incentive Fund (KTBIF) program. The Kentucky Horse Racing Commission (KHRC) announces the release of $16.2 million through the KTBIF.

“Our horse farm families are the backbone of our racing industry, and I'm proud to support the Incentive Fund that keeps mares and foals in Kentucky,” said Gov. Andy Beshear.

According to the Kentucky Thoroughbred Association, the Kentucky Equine industry generates $6.5 billion and supports more than 60,000 jobs.

In fact, 2023 was a good year for business. Highlights include:

• Kentucky-bred horses won 63% of all graded stakes races in the U.S.
• Kentucky-bred horses won 298 graded stakes races with 68 of them held at one of Kentucky's five Thoroughbred racetracks.
• Kentucky-bred horses have won the last nine Kentucky Derbies and last seven Kentucky Oaks.
• Kentucky-bred horses took home the hardware in all three legs of the Triple Crown: Mage (Good Magic) won the Kentucky Derby; National Treasure (Quality Road) won the Preakness and Arcangelo (Arrogate) won the Belmont S.
• Pretty Mischievous (Into Mischief) won the Kentucky Oaks.
• Kentucky-bred Cody's Wish (Curlin) won the 2023 Horse of the Year Eclipse Award Winner.
• Mage and Pretty Mischievous both will receive a $50,000 KTBIF bonus.

The KTBIF was implemented in 2005 to ensure the strength of Kentucky's equine industry by awarding funds to individuals who choose to breed a Thoroughbred mare in Kentucky. To qualify, the mare must be bred to a Kentucky registered stallion, remain in the state during her full gestation and foal in Kentucky.  Final award amounts are then based on the foal's eventual earnings at the racetrack.

The KTBIF is funded through a percentage of the sales tax paid when a stallion is bred to a mare in Kentucky. Since the fund's inception, more than $234 million has been distributed to Kentucky breeders for winning eligible races worldwide.

A list of the 2023 award winners, along with the amount awarded and other interesting statistics, can be found on the KHRC website by clicking here.

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At Lane's End, Ebbert found a team that was experienced with and even enthusiastic about his desire to be involved in the next chapter of the dual Grade I winner's career.

“John had a tremendous experience with the horse and really the ride of a lifetime, as he's said, but the fact that he wants to keep the whole horse and stay involved to that degree is pretty rare,” said Lane's End Farm's Bill Farish. “You don't see people doing that very much anymore and it's great to see. The last horse that we had that was kind of similar was Curlin, but there have been others over the years where the owner has stayed in. It's fun to work with him. He's involved in the mares we've selected and he just loves the horse. He wants to give him every chance at stud.”

Newly crowned as the 2023 Eclipse Champion 3-Year-Old Male, Arcangelo has fully recovered from a surgery to repair a condylar fracture and all systems are go ahead of the 2024 breeding season.

On the racetrack, Arcangelo made history for trainer Jena Antonucci. Now as a stallion, he looks to do the same for his late sire Arrogate, who has produced five Grade I winners from just three crops. Three of those top-class performers were fillies and the other was Cave Rock, who passed away from laminitis, and while the ill-fated stallion's final crop has only just turned three, for now it appears as though Arcangelo may provide the only opportunity for breeders to access a Grade I-winning son of champion Arrogate.

“[Arcangelo] being a son of Arrogate is pretty exciting for us,” said Farish. “There's no telling how good of a sire he would have been and he's certainly showing through this horse and others how good he could have been. So a son of his out of this female family–it just doesn't get much better than that.”

Arcangelo's dam Modeling (Tapit), a $2.85 million purchase for Don Alberto Corporation, is a half-sister to GISW Streaming (Smart Strike) and SWs Treasuring (Smart Strike) and Cascading (A. P. Indy). Another generation back in the family shows broodmare of the year Better Than Honour, whose produce records features Belmont-winning siblings Rags to Riches and Jazil.

Lane's End's bloodstock agent David Ingordo explained just how influential he believes this pedigree to be.

“It's one of the best families in the stud book,” he said. “It's one of those pedigrees that if you're in the breeding business, you want to have access to it. There are so many matriarchs in there. You can do a lot of creative things in breeding with him and because Arrogate is gone now, where are you going to find another one? We are so lucky to have him here.”

Arcangelo secures his position as the top 3-year-old colt of 2023 in the GI Travers S. | Sarah Andrew

Ingordo said he considers Arcangelo to be a better version of his sire physically.

“I'm a balance person and he's exceptionally well-balanced. He's got great proportions and a lovely shoulder. When you see him standing from the side, he's got all these great qualities and is even improved on what his sire had. When you look at his hip and how his hind leg sits, he's an improvement on his sire.”

Both Farish and Ingordo made a point of noting that based on the requests coming in from breeders, Arcangelo's first book is shaping up to include some intriguing matings.

“Arcangelo's book of mares includes a lot of the best-producing mares that went to Arrogate himself because those mares probably would have been bred back to Arrogate had he been here,” explained Ingordo. “So we're getting a lot of graded stakes winners and producers, including some mares that have horses on the upswing on the Derby trail.”

“I think he represents a very interesting mating for people because he's pure dirt and that appeals to a lot of people,” added Farish. “The fact that he had the speed and precocity that he did and then the ability to carry it a distance also is really appealing to a lot of breeders.”

With a stud fee set at $35,000, Arcangelo joins Up to the Mark (Not This Time), who also brought home an Eclipse Award as champion turf male and is profiled by Chris McGrath here, as the newcomers to the Lane's End stud barn for 2024.

“I think Arcangelo could end up with a pretty tight, nice book of mares when this is all over because of the quality he's getting at the price point that he's at,” said Ingordo. “We think we stood him very reasonably and breeders are sending mares that would go to a horse double his stud fee. All of the right people are breeding to him and that's so important when you're trying to curate these stallion books. The right people bring the right mares and then do the right job with those offspring. That's what helps these horses make it as stallions.”

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On the track, Cody's Wish thrilled his fans with a successful defense of his title in the GI Breeders' Cup Dirt Mile. But his story resonated far beyond the finish line thanks to the bond that began in 2018 when then-12-year-old Cody Dorman, who was born with Wolf-Hirschhorn syndrome, first met the then-unnamed yearling while touring Godolphin as part of a Make-A-Wish outing.

As Cody's Wish rose through the graded stakes ranks, the story of the inspirational teenager he was named after captivated a nation of racing enthusiasts. But the years-long emotional ride ended too soon, when Cody Dorman died Nov. 5 at age 17 on his way back home to Kentucky after witnessing Cody's Wish end his career triumphantly at Santa Anita in the Breeders' Cup just one day earlier.

“I never would have dreamed five years ago, when all this happened, that I would be standing right here doing this,” Kelly Dorman said. “I wouldn't have dreamed about the wonderful people we've met. But I hope you guys got a TV in front of the stall down at Jonabell right now, because I want to thank Cody's Wish for everything he's done.

“I know everyone here, you guys just blow me away, because I know you put your heart in these horses, day in, day out,” Dorman said. “That's your life. And I know a lot of times those horses put their heart into you–the jockeys, the trainers, the owners, everybody. And man, that horse, he put his heart into us…

“One of the best things to come out of this, other than the grit and determination, was we got to watch Cody's Wish run,” Dorman said. “I think he got that honest when they gave him his name. 'Can't' and 'quit' were two words that we never used, never will. You might think that horse can't talk, but he can. But he won't use those two words either. He always spoke to Cody…

“I want to let you guys know how much it means, the fans that have come up to us and let us know how much the story behind the wonderful horse means, and just so many wonderful people that we've gotten to meet through this, the wonderful connections we've made. It puts a smile on our face, day in and day out.”

NTRA photo

Earlier in the evening, when the story of Cody's Wish won the Moment of the Year award for the second straight season, Dorman recounted an old adage that he said was appropriate in how his son and family have been accepted and welcomed by the racing industry.

“Over time, people will eventually forget what you've done,” Dorman said. “They will eventually forget about the things that you've said. But they'll never forget how you made 'em feel. I know Cody made you guys feel that same way. But this Moment of the Year, it's for you guys too. You guys put so much in our hearts, everybody here in this room, watching on TV, we love all you guys. We appreciate that–thank you.”

Earlier in the ceremony, victories by Arcangelo (Arrogate) in the GI Belmont S. and GI Travers S. cemented champion 3-Year-Old Male honors for owner Blue Rose Farm (Jon Ebbert) and trainer Jena Antonucci, the first woman to condition the winner of a Triple Crown race.

The Arcangelo team | NTRA

“The greatest part of this sport is you just need one special horse and a bunch of people who believe in him,” Ebbert summed up.

Although the evening was replete with heartfelt thank-yous from award winners extending gratitude that spanned everyone who planned the Thoroughbred matings all the way down to foal caretakers and daily grooms who do the daily-grind type of work behind the scenes, several recipients couldn't resist a bit of forewarning about the future while commanding the podium.

Owner and breeder Mike Repole took home the hardware for champion 2-Year-Old Male for the second consecutive season, winning with Fierceness (City of Light) after being victorious last year with Forte (Violence). After doling out thanks to his racing and bloodstock teams, Repole overstayed his allotted 60 seconds at the podium by 2 1/2 additional minutes while advocating for disruptive yet positive changes to the industry.

Repole's passion was evident. But by choosing to punctuate his remarks with f-bomb profanities while surrounded by family members and children on the stage as “exit music” got cued up in the background to encourage him to wrap it up, Repole introduced a level of coarseness that didn't mesh with the spirit and tone of the festivities.

Mike Repole | NTRA

“Right now, this sport, we're all on the Titanic, okay?” Repole said. “There's an iceberg there. But we're not hitting the iceberg yet. We need a vision. We need leadership. We need alignment. We need strategy. We need collaboration. [From] the big entities [all the way down to individuals in the sport], we've got to make this better for everybody.

“So I implore you, please, for the next two years–other than me taking more time–be selfless over selfish,” Repole said. “That's number one. [But] this is the most important message of the night: Let's [expletive] compete in the racetrack. Outside the racetrack, let's compete together for what's best for this game. I love this [expletive] game. It's going to be here a long time.”

Stuart Janney III, the chairman of The Jockey Club, was honored with the Eclipse Award of Merit for his lifetime of service to the sport. He was thankful for his broad supporting cast, but he too had words about the tenuous future of the sport.

Like Repole, Janney spoke of cooperation. But his focus emphasized one of The Jockey Club's main initiatives over the past decade, creating and empowering the Horseracing Integrity and Safety Act (HISA).

“Our industry's got a lot of issues that [we need] to get in front of and solve,” Janney said. “We've now been given the tool kit. We didn't have it before. With HISA, we can go forward, but we need to go forward together…. I hope that we have learned, as an industry, the advantages of being together, and that we really do go forward in a unified fashion…. And where racing's continuation is in question, in some states, we'll work with others to hopefully find viable solutions.”

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In a division that failed to produce any runaway leader throughout the year, Arcangelo distinguished himself with wins in the GI Belmont S. and GI Travers S. and took home the Eclipse statue for leading 3-year-old male. The gray's 2023 campaign also included a win in the GIII Peter Pan S.

Godolphin homebred Pretty Mischievous was first or second in all six of her 2023 outings to be named champion 3-year-old filly. In a three-race win streak, she won the GI Kentucky Oaks, GI Acorn S., and GI Test S. She also captured the GII Rachel Alexandra S. and was second in the GII Fair Grounds Oaks and GI Cotillion S.

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Winners in 17 horse and human categories will be handed out on FanDuel TV and other outlets, during the 53rd annual Eclipse Awards, presented by FanDuel Racing, John Deere, Keeneland, The Jockey Club and the NTRA, on Thursday, Jan. 25 at 7:30 p.m. ET. The evening will culminate with the announcement of the 2023 Horse of the Year.

Of the 250 eligible voters represented by the NTRA, consisting of member racetrack racing officials and Equibase field personnel, the NTWAB, and Daily Racing Form, 219 (88%) took part in the voting. Finalists were determined in each category by voters' top three selections, using a 10-5-1 point basis. Eclipse Award winners are determined solely by first-place votes.

The 2023 Eclipse Awards Finalists, with the exception of Horse of the Year, (in alphabetical order) are:

Two-Year-Old Male: Fierceness (City of Light), Locked (Gun Runner), Muth (Good Magic)

Two-Year-Old Filly: Candied (Candy Ride {Arg}), Hard to Justify (Justify), Just F Y I (Justify)

Three-Year-Old Male: Arcangelo (Arrogate), Auguste Rodin (Ire) (Deep Impact {Jpn}), Mage (Good Magic)

Three-Year-Old Filly: Mawj (Ire) (Exceed and Excel {Aus}), Pretty Mischievous (Into Mischief), Randomized (Nyquist)

Older Dirt Male: Cody's Wish (Curlin), Elite Power (Curlin), White Abarrio (Race Day)

Older Dirt Female: Clairiere (Curlin), Goodnight Olive (Ghostzapper), Idiomatic (Curlin)

Male Sprinter: Cody's Wish (Curlin), Elite Power (Curlin), Gunite (Gun Runner)

Female Sprinter: Echo Zulu (Gun Runner), Goodnight Olive (Ghostzapper), Maple Leaf Mel (Cross Traffic)

Male Turf Horse: Auguste Rodin (Ire) (Deep Impact {Jpn}), Master of The Seas (Ire) (Dubawi {Ire}), Up to the Mark (Not This Time)

Female Turf Horse: In Italian (GB) (Dubawi {Ire}), Inspiral (Frankel {GB}), Mawj (Ire) (Exceed and Excel {Aus})

Steeplechase Horse: Awakened (Curlin), Merry Maker (Ire) (Malinas {Ger}), Snap Decision (Hard Spun)

Owner: Godolphin LLC, Juddmonte, Klaravich Stables Inc.

Breeder: Calumet Farm, Godolphin LLC, Stonestreet Thoroughbred Holdings LLC,

Trainer: Chad Brown, Brad Cox, William I. Mott

Jockey: Tyler Gaffalione, Irad Ortiz, Jr., Flavien Prat

Apprentice Jockey: Axel Concepcion, Jamie Torres, Sofia Vives

In addition to honoring the 17 winners in the horse and human categories, Paul Calia will receive the Eclipse Award as the 2023 Horseplayer of the Year. Members of the media will be honored for outstanding coverage in six categories.

Eclipse Awards voting is conducted by the National Turf Writers and Broadcasters (NTWAB), the National Thoroughbred Racing Association (NTRA), and The Daily Racing Form. The Eclipse Awards ceremony is produced by the National Thoroughbred Racing Association.

The Eclipse Awards are named after the great 18th-century racehorse and foundation sire, Eclipse, who began racing at age five and was undefeated in 18 starts, including eight walkovers. Eclipse sired the winners of 344 races, including three Epsom Derbies.

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But for every good story there seemed to be 10 bad ones.

With the animal rights community and some portions of the media putting unrelenting pressure on the sport, there's never a good time to go through a rash of breakdowns, but for it to happen surrounding the running of the GI Kentucky Derby was bad timing at its worst. There were 12 deaths at Churchill Downs crammed into just a few weeks and it got so bad that racetrack management decided to pull the plug on the remainder of the meet and move everything to Ellis Park.

Then Saratoga happened. When New York Thunder (Nyquist) broke down strides before the wire in the GI H. Allen Jerkens Memorial S. the number of horse fatalities at the meet had soared to 12. It was a horrible sight to behold for a national television audience and the 48,292 in attendance. And it was a ghastly reminder of what happened three weeks earlier to Maple Leaf Mel (Cross Traffic) in the GI Test S. She, too, broke down right before the wire in a spill that was as ugly as it gets.

The Breeders' Cup was not immune to tragedy. Though no one was seriously injured on the day of the races, Geaux Rocket Ride (Candy Ride {Arg}) and broke down and had to be euthanized and Practical Move (Practical Joke) suffered an apparent heart attack and died, both while training for the GI Breeders' Cup Classic.

The fatalities obviously caught the attention of 60 Minutes, which, in November, aired a story that focused on the breakdowns and the sport's doping problems while casting a brutally negative light on the sport. Then we learned that we will get more of the same sometime in 2024. In December, FX, a subsidiary of Disney Entertainment, announced that there would be an upcoming documentary, “The New York Times Presents: Broken Horses,” which it said would examine “systemic issues, questionable practices and urgent calls for change that have shaken horse racing to its core.”

When it comes to the economics of the sport, there was more troubling news. Through November, handle was down nearly $500 million on the year or 4.39%. That means we are on our way to seeing the steepest declines in handle, outside of the COVID year of 2020, since 2011. Does that have anything to do with the computer-assisted wagering (CAW) players? Probably. They have tilted the pari-mutuel pools to a point where the regular horseplayer is getting killed and getting out.

In July, 1/ST Racing announced that Golden Gate Fields would be shutting down for good at the end of the year, throwing the Northern California circuit into chaos. The track got a reprieve, but a brief one. It is now scheduled to cease operations on June 11. That's when it will join Arlington Park, Calder, Hollywood Park, Bay Meadows and others that couldn't make it to the finish line. Some wonder whether Santa Anita, which sits on property that is estimated to be worth $1 billion, will someday join them.

Racing can't afford to have another year like this. Things need to change. While there are no magic bullets, here are what I believe are some practical and common sense solutions to some of the problems.

The sport needs to fully embrace StrideSAFE. StrideSAFE is a biometric sensor mechanism that slips into the saddle cloth to detect minute changes in a horses' gait at high speed. Those changes can, and often do, signal that a horse is in the early stages of having a problem that could lead to a fatal injury. The technology has been around since 2011 and, while it has been experimented with here and there, it remains largely absent from the backstretch of America's racetracks. Why? There's no doubt that widespread employment of StrideSAFE will cut down on the number of horses that break down and there's no excuse for the sport to continue to drag its feet when it comes to embracing the concept.

The CAW factor is a major issue that's not going to go away, no matter what harm it might be doing to the overall health of the sport. It has become an unmanageable runaway train, with these players betting so much money that no track is going to turn away their business. But some guardrails would help. More tracks need to do what NYRA has done. They have effectively closed the CAW players out of the win pool by no longer allowing them to place bets at the very last second. They have also been excluded from NYRA's Late Pick 5 and the Cross Country Pick 5.

The betting product also needs to be better and more geared toward the booming market that is made up of sports bettors. The sport has not been nearly aggressive enough when it comes to getting the on-line sports betting websites to start accepting bets on racing. To date, the only one that has been signed up is FanDuel. That also means adopting fixed-odds wagers, which are what the sports bettors know. Only Monmouth Park has gone down this road and two years after it was implemented in New Jersey the concept is limping along. No other tracks or states have tried fixed-odds betting and, in New Jersey, only the second-level tracks are available to the fixed odds bettors.

The takeout remains too high. With betting on a horse race often involving a rake of around 20%, the game is always going to have a tough time competing with other forms of gambling, where the effective takeout rate is lower. We're seeing some progress in this area, with a number of tracks lowering the takeout on horizontal wagers like the Pick Four and Pick Five. In 2023, Hawthorne took a major step in the right direction by lowering its takeout on win, place and show wagers to 12%. But we need a lot more of the same. With so much of purse money now coming from alternative sources like slot machines, there's no reason why tracks in places like New York and Kentucky can't at least experiment with reduced takeout rates.

Fix the Triple Crown. It needs it. The GI Preakness S. is no longer coveted by the sport's major trainers and has become a weak link in the Triple Crown. Everyone wants to run in the Derby and then they scramble, some pointing for the GI Belmont S., some ready to put their horses on the shelf until the big summer races. The 2022 Derby winner, Rich Strike (Keen Ice) passed on the Preakness and, this year, Derby winner Mage (Good Magic) was the only horse to go in the first two legs of the Triple Crown. The result is that the Preakness is less important than it has ever been and that only weakens the Triple Crown as a whole. When 1/ST floated the idea of running the Preakness four weeks after the Derby, NYRA reacted by announcing that it had no intention of moving the date of the Belmont. Yes, a Belmont run five weeks after the Derby works well for NYRA, but it needs to put its self interests aside and do what's best for the sport and shift the Belmont to late June or early July.

While we're at it, the purses for the Triple Crown races are too small. In this day and age, the $1.5-million purse for the Preakness is not going to motivate anyone to run. These are supposed to be the most important races in the sport and their purses should reflect as much. For all three races, the purses should be raised immediately to $3 million with the goal of eventually making them $5-million races.

These are things that can be done. Let's not let another year go by in which the sport embraces the status quo while the outlook for its future continues to get worse. The year 2024 is upon us, let it be the year where the sport takes much needed steps in the right direction.

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Trainer Jena Antonucci sat down with the NYRA Press Office to discuss her accomplishments, MGISW Arcangelo (Arrogate) and the memorable moments that happened to her this year.

NYRA: What did it mean to you personally to win the GI Belmont S. and GI Travers S.?
Antonucci: “It opened the window for people to see what we've been doing. I've chuckled a little bit at the people who say, 'Oh, she's only ever had one horse.' No, we've actually had a lot, and have won stakes beforehand. Yes, these are our first Grade 1s, but our goal is to continue doing us. If it has afforded us to have a better quality of horses, then we will just continue to do all of that the best possible way we can. We'll just continue to be true to who we are.

“It's honestly most gratifying watching the team. When you take those little moments during an event and look at a team member's face and see how proud they are–to watch that and to see the people accomplish career and lifetime goals and dreams, it's literally the most gratifying part.

“I will forever be grateful for the horse and what he gave us, and him believing in us, but to watch your team check boxes in a way that maybe they never thought would happen and to potentially make that happen for them is by far and above the most rewarding and gratifying.”

NYRA: You've said before that you would need some time to think about exactly what this means for women in this sport. How have your thoughts come together with time?
Antonucci: “I think it's resonated more hearing it from other people and what it means to them. Hearing how it made women who have watched the journey feel and to make people excited about our sport and what we have accomplished is such a gift.

“Recently, I was able to speak to an all-girls school from fifth graders to seniors, and did a talk with the group of almost 700 young ladies. To see where their questions fell and what they got excited about, and to be able to speak about what we've accomplished in our sport, it definitely resonates. To be able to look at young girls and say, 'This hadn't happened in 155 years,' and to see how they receive that is special.

“You watch other women accomplish things in other sports and careers, but to watch it from the front row is very interesting and a gift that I will absolutely carry with much regard for a very long time to make sure it is meaningful and we can push the ball forward to encourage a young girl to rock on and to do her.”

NYRA: One of your most repeated and applauded comments about your accomplishments was your metaphor of making your own seat at the table. What does it mean to you that it resonated so well with so many?
Antonucci: “There was a space that was missing something, and that filled that space for people. I like to be behind the scenes making things happen, and we have created what we did because of what we've built. Being able to organize that into something that was short and concise for people is flattering. I hope it helps anybody, any gender or any age, fulfill something and understand that sometimes you've got to do it a different way.”

NYRA: Patience and working on the horse's schedule were always central to your plans with Arcangelo and each of your trainees. How does your training program revolve around that model?
Antonucci: “Fiona [Goodwin, assistant] and I talk non-stop about every single horse. It's just making sure we are doing our best to tend to each individual horse specifically. If it's a colt or filly that needs a little more time, or something that we need to be a little tighter on and they need to be on a more stringent schedule–we just really try to give the breathing room to each horse.

“I greatly understand owners get a little impatient, so I just try to be respectful and mindful of, 'Yes, we need to be running, but here are these things and here is why.' Allowing the owner to be part of the process instead of just, 'No, we're not ready.' I've found over my career that trying to explain it to them and allowing them to be part of the 'whys' is important.”

NYRA: After winning two of racing's most prestigious events, what are some other goals you hope to achieve?
Antonucci: “We're just going to stay present. We have a handful we really like in the barn and the ones we are hopefully getting as 2-year-olds for the coming season, and we're going to let them tell their story like we let Arcangelo tell his. To put a burden on anyone in the team–as far as expectations–I don't think is fair. We'll let them run their races and tell their story.”

NYRA: With Arcangelo now retired, what will you remember most about him and his career?
Antonucci: “His personality. He's such a cool guy, and his personality was bigger than the stall or the barn. We were able to get him to focus for the two minutes of his races and put that big personality to work. His desire to win and to want to be a Champion is something that you can't bottle.

“He still has a ton of personality. I keep in touch with the farm [Lane's End], and the stallion manager and I have some chuckles. His personality is in full effect. He's doing awesome and they're very much enjoying having him there. It will be wild and cool to train some of the kiddos one day.”

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This time round, value feels likely to prove quite elusive. With the middle market increasingly porous, stud fees overall are at a challenging level. If they were driven up by a long bull run in international bloodstock, that appears to be tapering away and there's evidently going to be quite a lag before we see any kind of relief in fees.

Instead of assessing each annual intake, and judging how its members are meeting challenges particular to a phase of their career, this year we're going to tackle them by price bands. Previously a mediocre group has sometimes left us scratching around for a horse for the Value Podium, while much better sires in stronger year groups enjoyed no such elevation. So we're simply going to work to a budget, and the full range of options within it–which, after all, is what every breeder has to do. We'll start with sires below $10,000, and work our way up through the tiers.

The one exception comes today, when we acknowledge that new sires are always a class apart. On the one hand, they are priced to exploit commercial prejudice and seldom turn out to have offered value relative to their eventual competence. Almost all will turn out to be standing at a career-high fee; and many will be packing their bags, whether for overseas or Oklahoma, even before the claims now being made on their behalf are validly tested by mature crops. Nonetheless many breeders will be focusing all their attention on this group.

The defeat of the proposed 140 cap appeared to stimulate some pointedly unfettered books last time round, when a rookie turf sprinter covered 293 mares. Regardless of the merits of that debate, and indeed of that horse, it really can't be healthy for so many mares to be corralled by unproven stallions that will mostly fail. As we've often conceded, however, it's hard to blame either commercial breeders or the stallion farms. The former need to put bread on the table, never easy; the latter, equally, can no longer bank on market interest even into a second year. (In other words, if you want fees to come down, don't just flit from one new sire to the next.)

The situation is really driven by the agents and managers driving the spending at ringside. This series will hope to challenge the refrain that breeders have no choice but to roll the dice on newcomers because proven sires are too expensive. In fact, that's exactly why we're giving the newcomers separate consideration today: few, if any, would have had a prayer of making a Value Podium in a price band shared by stallions who have actually got horses out there winning stakes. The truth about buyers' behavior is evident from the way yearling averages tend to slide markedly in the second crop even for stallions whose first runners make a flying start-as happened this year, for instance, to all four of the sires who have dominated the freshman table! (Champion elect Mitole, for instance, processed his second crop at $48,423, down from $104,638 with his first.)

We'll leave for another day the puzzle why breeding “for the sale ring” should be any different from “breeding for the track.” As I'm always saying, there should be nothing more commercial than putting a winner under your mare. The only real argument for unproven sires is self-fulfilling, in that most will never again repeat the quality and quantity of their debut books. Otherwise, investment is being directed precisely where it is most likely to fail. But each to their own, right? There's a proving ground out there, with a wooden stick at the end, and this is a great environment for anyone mating a mare with the quaint objective of breeding a runner.

So let's immerse ourselves in this perilous whirlpool of new sires, and at least try to make the gamble affordable as we seek the handful that will eventually manage to swim clear and build a viable stud career in the Bluegrass.

As indicated, that won't be easy in the current market. For a sense of where the typical commercial breeder is operating, we can calculate the median fee of the top 10 new sires in each of the past six years. This was $22,500 in 2019; $27,500 in 2020; $25,000 in 2021, as farms made a pandemic gesture; $40,000 in 2022; $35,000 in 2023; and it is again $35,000 for this latest intake.

So the typical cost of using a new sire has gone up by over half (56 percent) in the last six years, during which time the average banked for a Keeneland September yearling has risen only 13 percent. And you still don't want to use a proven horse?

Well, okay, if you insist. Let's take a look at the class of '24. But remember that this whole exercise, while undertaken with every effort at objectivity, is just one guy's opinion. You know what your mare looks like-which should, after all, be the starting point for every mating-and you know what physique would complement her best.

OVERVIEW OF THE CLASS

The retiring cohort is led by two sons of Curlin who have given an extra twist of speed to his established influence. That said, both shared another of his trademarks by thriving with maturity. Both, indeed, required four sophomore starts to win a maiden, Elite Power in September and Cody's Wish in October. So we'll have to see whether or not their brilliance will express itself on a pattern more conventional for sons of Curlin out of Seattle Slew line mares.

Elite Power | Sarah Andrew

Both those mares were elite runners themselves, of course, as a GI Kentucky Oaks runner-up and GI Gazelle S. winner respectively. The latter, Dance Card, showed conspicuous speed for a daughter of Tapit when placing in the GI Breeders' Cup Filly and Mare Sprint, and had laid the ground for Cody's Wish by producing Endorsed (Medaglia d'Oro), the throwback talent who has this year won graded races in his sixth season. Elite Power meanwhile underpins his credentials with a half-sister to proven sire Dialed In as second dam, besides champion Eliza (Mt Livermore) as his fourth.

Both will take little finding but rather more funding, CODY'S WISH introduced at $75,000 and ELITE POWER at $50,000. While we all love a Met Mile winner, I'm not sure anyone could sensibly assert that there's a 50 percent difference in their potential at this stage.

GUNITE got a rear view of each, in his respective Breeders' Cup starts, but proved a handful for Elite Power in their two meetings in Saratoga this summer, running him to a head in the first and then beating him in GI Forego. And he has an edge in precocity, having won the GI Hopeful S. by nearly six lengths, enabling him to start at $40,000. His maternal family is seeded by some fairly arcane names, but the first three dams are stakes winners so it's demonstrably all working.

By the way, while we quickly learned to expect the unexpected from Gun Runner, perhaps we should pay more heed to the fact that Cody's Wish, Elite Power and Gunite were all presumably bred with two turns in mind. Quality tells, however it expresses itself. You want a Hopeful/Forego winner? Then you don't necessarily want to join a long line for a “commercial” sprinter.

Gunite | Sara Gordon

As for those who did end up with a Triple Crown agenda this year, we'll see who ends up with Eclipse laurels but the farms have meanwhile sought to anticipate the votes of breeders, with juvenile champion FORTE ($50,000) still ahead of ARCANGELO ($35,000), MAGE ($25,000) and TWO PHIL'S ($12,500).

The world was still at Forte's feet when he added the GI Florida Derby to three elite scores at two, but a couple of his contemporaries rather caught up with him. With hindsight, as the far less experienced horse, Mage's performance that day actually turned out to be the more significant pointer. But obviously commercial breeders will prize Forte's precocity, the Derby and Belmont winners both being later developers.

No newcomer has a better genetic base than Arcangelo, whose third dam is Better Than Honour, yet was found as a yearling for exactly the same price we must now pay for single cover! Hard to argue with that, given the way he followed up his Belmont breakout in the deepest sophomore field of the year at Saratoga.

Mage did not show his true colors there, but let's not lose sight of the historic level of talent required to progress so rapidly from a standing start, unraced until Jan. 28. He's gone to a farm that prices horses fairly without flooding the catalogue, and his brother's GII Remsen performance has meanwhile opened an exciting door.

That's the kind of thing that would help Two Phil's, who has an inescapably plain page. But you had to love the way he followed up a shatteringly game Derby effort on what sadly proved his only subsequent start, and the bottom line is that Danzig's last big star has covered a graded stakes sprinter and come up with something special.

Another star sophomore entering the ranks is ARABIAN LION, at $30,000. He's surely set for pinhooker shortlists as a $600,000 2-year-old who followed through to clock big numbers in the GI Woody Stephens, but those taking a longer view will also be satisfied to find Justify underpinned by Personal Ensign as third dam.

Pappacap | Sarah Andrew

TAIBA was an even more spectacular pinhook ($140,000 to $1.7 million) and paid it all back on the racetrack, winning the GI Santa Anita Derby off a maiden win and flaunting his speed when dropping back for the GI Malibu. Sticking around to run in the desert did not pay off, except maybe for breeders who might conceivably have been asked for a little more than $35,000 a year ago. Like Gunite, Taibia suggests the upgrading powers of their sire: his family owes most of its distinction to Ohio-breds, but his dam's 17 wins would be pretty remarkable in any currency.

PROXY, like Taiba, ran third in the GI Breeders' Cup Classic and that was a fitting conclusion to four seasons of set-your-clock Tapit action that left him just a tick below the very best (starts on $25,000) while thoroughly deserving his Grade I in the Clark. That hard-knocking profile befits the combination of his sire-line with a third dam also by Seattle Slew, and his dual Grade I-winning dam Panty Raid (Include) has corroborated her genetic input–sister a GI Kentucky Oaks runner-up–with a Grade II-winning daughter.

Among the more affordable newcomers, ZANDON appeals strongly at $12,500 as a horse rather more talented than generally appreciated. That's a curious suggestion of one whose consistency banked over $2 million through three campaigns in the best company, but he seldom found the right scenario to showcase that turn of foot. Even as it stands, he looks a lot of horse for this kind of money. I guess someone who could stretch for his aptly-named sire should still do so, but at this level Zandon is entitled to give Upstart fresh kudos.

DR. SCHIVEL will be in commercial demand at the same fee, as a Grade I winner at two and then also in the GI Bing Crosby S. He was beaten only two heads in his defense of that trophy, and only by a nose in the GI Breeders' Cup Sprint in between. His family carries a few faded names, but his dam is a half-sister to a Grade I winner and the blood was plainly functioning in a horse so consistently fast.

The Walmac revival meanwhile gains ground with a couple of eligibly priced recruits. PAPPACAP is assured traffic at $12,500 as a precocious son of Gun Runner, while FULSOME gives bargain access to Into Mischief at $7,500 after converting his Juddmonte page to the margin of elite performance.

War Horse Place is also showing ambition, bringing Classic winner Rombauer in from the cold at $6,000, while SMOOTH LIKE STRAIT has every right to sire runners at a bargain $3,500. This teak-tough and classy horse definitely warrants a look, having repeatedly missed adding to his solitary Grade I score only by narrow margins, including a head, a neck (twice), and half a length. He earned $1.8 million across four full campaigns and has a bunch of top runners and producers under his third dam. Do not make the mistake of assuming that his basement fee limits the kind of breeder who should be interested in recycling his merit in an expanding turf program.

VALUE PODIUM
Bronze:
UP TO THE MARK (Not This Time–Belle's Finale, by Ghostzapper)
Lane's End $25,000

Up to the Mark | Coady Photography

Here's a horse that taught a couple of valuable lessons for anyone smart enough to heed them. One is that the fearless approach can pay off even if you're beaten: the decision to risk a new distance at the Breeders' Cup, against a vintage group of Euro raiders, was arguably only thwarted by a dream trip for the winner and enabled Up to the Mark to tell us something new about himself–something that made us all think still more highly of him. Meanwhile the GI Mile was won by a horse he had nailed in their previous start, confirming his caliber at that trip.

But a still more important lesson concerned a different type of versatility. Because our horses will only expand their boundaries if we push our own, and Up to the Mark's career confirms what has long been obvious to any student of pedigrees: even when horses might have an obvious surface, on paper, we have to remember that races aren't staged on paper. How many other talents remain unfulfilled, you wonder, because they are campaigned in prescriptive fashion?

As it is, the slavish orthodoxies of our business have created a dividend for more imaginative breeders. Because the discovery that Up to the Mark was an elite performer on grass means that we get a much milder fee than would be the case for a dirt horse so narrowly denied a fourth consecutive Grade I success. And yet the pedigree that made it perfectly logical to start him on dirt–first four dams are by Ghostzapper, Capote, Fappiano and Key To The Mint–could easily filter into his second career.

After all, Not This Time himself in this instance appears to have served as a conduit for the flexibility trademarked by Giant's Causeway. Maybe Up to the Mark can now emulate his grandsire by helping breeders to overcome their prejudices, especially in an era when the American turf program is growing far faster than the available pool of talent among Kentucky stallions.

There's room at the top, after all, after the loss of Kitten's Joy and English Channel. And those who are squeamish about chlorophyll will surely be comforted that Up to the Mark's grandam Capote Bell won elite dirt dashes in the GI Test and GII Prioress. If he can breed a few to start their careers like he did, impressive in a Saratoga dirt sprint, then perhaps they will also emulate the kind of money he made as a $450,000 Book 1 yearling.

Silver:
COUNTRY GRAMMER (Tonalist–Arabian Song, by Forestry)
Winstar $10,000

Country Grammer | Benoit

This horse was one of the great auction steals at just $110,000 at the 2021 Keeneland January Sale. It tells you a lot about our business that he had brought four times as much as a 2-year-old, at OBS April, yet had since won the GIII Peter Pan S.! He was chased home there by Caracaro (Uncle Mo) and Mystic Guide (Ghostzapper), respectively GI Travers runner-up and GII Jim Dandy winner on their next starts. Though it was a poignant dispersal that put him into the ring, only WinStar were wide awake. The rest of us must keep going to work!

Country Grammer now gets the chance to top up his earnings since–enormously inflated in the desert, but also very respectable in the best Californian company–at what could prove another bargain price.

It's unsurprising to be reminded that this tremendously game animal draws on two doses of Pleasant Colony, responsible for the dams of both sire Tonalist and damsire Forestry. Tonalist may be keeping his price down but remember that Country Grammer's sire is himself extremely well-bred, while the second dam is a half-sister to a brilliant dasher in Etoile Montante (Miswaki) and granddaughter of the Juddmonte foundation mare Nijinsky Star (Nijinsky). The continued efficacy of this branch has been confirmed by both his granddam (produced a very fast juvenile in Britain) and his own mother, whose daughter by Runhappy banked over half a million with multiple graded stakes placings.

On pedigree as well as performance, then, Country Grammer is absolutely entitled to sire an elite runner like himself, and you can't say that of many horses standing at this kind of money. Personally, I wouldn't labor the point about his earnings: nobody is going to deceive themselves that this is the third best American Thoroughbred of all time, and the real point of his Dubai win was that he had too much for the likes of Hot Rod Charlie (Oxbow), Life Is Good (Into Mischief) and Midnight Bourbon (Tiznow). And pinhookers should note the progress he made, admittedly as a May 11 foal, from $60,000 September yearling to his bullet breeze in Ocala.

Gold:
LOGGINS (Ghostzapper–Beyond Blame, by Blame)
Hill 'n' Dale $7,500

Loggins | Coady Photography

Like everybody else, and far more than many, I'm just guessing with all these horses. But every now and then even I can strike lucky and that was certainly the case with Not This Time. I was in his corner from the moment he went to stud in 2017 at $15,000-a fee he has meanwhile increased tenfold-and I feel there are striking echoes about this fellow, who starts at half that price.

Both ran the subsequent champion juvenile to a neck on what unfortunately proved to be their final start, and in each case their connections were entitled to hope for revenge next time. At the Breeders' Cup Not This Time had to concede first run to Classic Empire, who exploited his cleaner trip but was all out to hold on. Loggins, in contrast, was exposed to a hot pace in the GI Breeders' Futurity at Keeneland, and yet rallied bravely as Forte picked up the pieces. Moreover, the winner jostled him towards the rail sufficiently for a rider objection, albeit one that was ultimately not sustained. Regardless it was a remarkable effort, against the GI Hopeful winner, from a horse that could not have learned too much when breaking his maiden by over eight lengths on debut.

He now enters competition with Mystic Guide for what remains a slightly alarming vacancy as a worthy heir to their sire, who's plainly in the evening of his career as he welcomes Loggins to the barn. It would be a shame if such a flamboyant talent failed to secure a male conduit for genes that have already served Justify and Up to the Mark so well, through their dams.

Loggins himself shared a damsire with Forte, in Blame. My feeling is that Blame's precocity in this capacity channels the quality both of his own maternal line, and that of his sire Arch. Now Loggins can combine that legacy with Ghostzapper's prowess as a broodmare sire, typical of the Deputy Minister sire-line. As such, any breeder who wouldn't mind retaining a filly would be well advised to consider Loggins.

He was a $460,000 Saratoga yearling, remember, as the first starter for a graded stakes winner out of a half-sister to two others. The next dam is a dual Grade II-placed Unbridled's Song half-sister not only to Street Boss but also to the dam of another elite sprinter in Jack Christopher (Munnings).

As the rest of this podium demonstrates, we'd appreciate rather more proof of soundness. But the bottom line is that a raw Loggins had shown himself to be nearly Forte's equal, forcing him seven lengths clear of smart horses like Red Route One (Gun Runner), Instant Coffee (Bolt d'Oro), Newgate (Into Mischief), Two Phil's (Hard Spun) and Funtastic Again (Funtastic). All served as complimentary proxies on the Derby trail after Loggins was derailed.

Forte obviously achieved a much deeper body of work, but that's why he's basically seven times the price. Loggins has gone to a farm that has excelled with these brief meteors and its owner must have been very keen, given that Spendthrift was in the ownership group that made a deal to send him here. In the current fee climate, he has been priced with unbelievable generosity. That will surely secure the kind of volume that can help Loggins make his second career far more sustainable than his first.

The Value Podium: New Sires

Gold: LOGGINS. $7,500 Hill 'n' Dale.

• Reminiscent of Not This Time.

Silver: COUNTRY GRAMMER. $10,000 WinStar.

• Modern career, old school merit.

Bronze: UP TO THE MARK. $25,000 Lane's End.

• Turf discount but potential for any surface.

Check out our breeders picks for their value sires of 2024.

The post Kentucky Value Sires for 2024, Part I: New Stallions appeared first on TDN | Thoroughbred Daily News | Horse Racing News, Results and Video | Thoroughbred Breeding and Auctions.

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To her far outside is the pair of homebreds Scandalous (Mastery) and Spinning Class (Twirling Candy). The former is a Pletcher trainee who will carry the colors of co-breeder and co-owners Bass Stables. Cheyenne Stables bought into the filly out of a half-sister to MSW Pickapocket (Mecke); GSW & GISP Wild At Heart (Indian Charlie) and that one's full-sister GSP Visavis. Spinning Class hails from the venerable Janney operation, owned by Stuart S. Janney III, and is the first to the races for GSW My Impression (Sky Mesa), herself a half-sister to the dam of GSW Scarlett Sky (Sky Mesa). This is the female line of Claiborne stalwart First Samurai. TJCIS PPs

7th-CD, $120k, Msw, 2yo, f, 6f, 4:01p.m. ET
Making her career-first start for owner Godolphin is HOPE MISSION (Medaglia d'Oro), the flagbearer to the races for GSW & GISP Arabian Hope (Distorted Humor), who is herself a half-sister to $3.65m FTFMAR grad MGSW Cezanne (Curlin) and MSP Counterforce (Smart Strike). This is the female family of GISW Streaming (Smart Strike); champion 3-year-old filly MGISW Rags to Riches (A.P. Indy); MGSW & GISP Tyson (Tapit); and MGISW Arcangelo (Arrogate). TJCIS PPs

The post Nov. 18 Insights: Well-bred Fillies Take the Stage in Kentucky, New York appeared first on TDN | Thoroughbred Daily News | Horse Racing News, Results and Video | Thoroughbred Breeding and Auctions.

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