Taking Stock: It’s High Time for This Stallion

The Classic season is over. A surface reading shows that Arrogate (Unbridled's Song), Keen Ice (Curlin), and Gun Runner (Candy Ride {Arg}) got the GI Kentucky Oaks, GI Kentucky Derby, and GI Preakness S. winners, respectively, from their first crops, and proven star sire Uncle Mo (Indian Charlie), who had a Derby winner from his first crop in 2016, sired the GI Belmont S. winner. Sometimes, however, what's between the lines is as important as what's on the page, and Taylor Made's Not This Time (Giant's Causeway), whose second-crop sons Epicenter and Simplification were major players in the run-up to the Classics and in the Derby and Preakness themselves, occupied that white space this season.

Epicenter, who won two Grade II Derby preps at Fair Grounds–the Risen Star S. and the Twinspires.com Louisiana Derby–was sent off as the Derby favorite and finished an admirable second. He returned in the Preakness as the race favorite and again finished second, this time with trouble and a ride that gave him way too much to do.

Simplification won the GII Fasig-Tipton Fountain of Youth S. at Gulfstream and was third in the GI Curlin Florida Derby. He was also in the Derby, finishing fourth, a neck ahead of subsequent Belmont S. winner Mo Donegal.

These two, both from Candy Ride mares, were joined by two other Not This Time 3-year-olds vying for spots in the Classics. In Due Time was second to Simplification in the Fountain of Youth, over Howling Time in ninth, who bounced back to finish second by a scant nose to Cyberknife (Gun Runner), the GI Arkansas Derby winner, in the GIII Matt Winn S. at Churchill a day after the Belmont S.

All told, Not This Time, with his oldest foals just four, is represented by 18 black-type winners, including two Grade I winners–the filly Just One Time won the GI Madison S. at Keeneland a month before the Derby, and Princess Noor was a top-level winner at two in 2020. Seven of the 18 are graded stakes winners.

This is an impressive haul for the half-brother to Lane's End's Liam's Map, more so because they were all conceived on a $15,000 stud fee. It's only the last two seasons that his stud fee has risen, to $40,000 (2021), $45,000 (the early part of this year), and $75,000 (later part of this year). The mares bred to him at higher fees will no doubt include some significantly better producers and racetrack performers than those covered his first four years, and they will include some mares Taylor Made has specifically handpicked for him by pedigree analysis. All of this is certain to elevate the stallion's stakes production in the coming years.

The broodmare sires of his seven graded winners are respectable enough, with dams by Candy Ride (two), Tapit, Speightstown, Smart Strike, Cape Town, and Wilko. However, the modest last sales prices of these mares tell the real story: stakes-placed Simply Confection (Candy Ride) sold for $80,000, in foal to Not This Time; Silent Candy (Candy Ride), a Grade III-placed stakes winner, made $130,000, in foal to Scat Daddy; non-winner Delightful Melody (Tapit) was a $65,000 RNA, in foal to Flameaway; Ida Clark (Speightstown), a winner of $25,580, sold for $60,000, in foal to Outwork; unraced Smart Jilly (Smart Strike) was a $70,000 2-year-old; unraced Running Creek (Cape Town) sold for $35,000, in foal to Latent Heat; and Grade III winner Sheza Smoke Show (Wilko) sold for $185,000, in foal to Not This Time.
The first graded winner for each of these mares was by Not This Time. In some cases, they were bred to high-class stallions before producing their graded winners.

Silent Candy, the dam of Epicenter, had an unraced colt by More Than Ready and a winner of $34,404 by Scat Daddy; Running Creek, the dam of Grade III winner Easy Time, had a Twirling Candy winner of $57,410 and a Pioneerof the Nile winner of $48,896; and Sheza Smoke Show, the dam of Princess Noor, had a Malibu Moon winner of $28,056, and an unraced Liam's Map.

Not This Time only raced at two, and he made just four starts, winning twice. However, he won the GIII Iroquois S. at Churchill by 8 3/4 lengths and next out was a neck second to Classic Empire in the GI Sentient Jet Breeders' Cup Juvenile at Santa Anita, 7 1/2 lengths ahead of third-place finisher Practical Joke. Classic Empire would go on to win the Arkansas Derby and Practical Joke the GI H. Allen Jerkens S. at Saratoga, so his form was obviously of the highest order and there's no telling what he might have accomplished had injury not ended his career. His half-brother Liam's Map was a multiple Grade I winner.

Not This Time entered stud at three and is an outstanding physical specimen, big and tall, and he made an impression with breeders right away by getting good-looking foals. Buyers responded in the sales ring, paying an average price of $76,833 for the 18 weanlings from his first crop that sold in 2018, with seven making $100,000 or more. From then on, he's been something of a sales sensation across the board vis a vis stud fee. Princess Noor, for example, made $1.35 million as a 2-year-old at OBS April in 2020.
In his case, looks translated to performance.

Black-type percentages

That Not This Time has already sired 18 black-type winners is impressive as it is on face value alone, but it's even more so as a percentage of named foals. These days, with popular stallions routinely covering more than 100 mares each year, a good stallion can be expected to get 5% black-type winners to foals, and for young horses with fewer crops racing, the percentages are even lower.

War Front leads all established Kentucky stallions with a ratio of 11.23%, followed by Tapit at 9.86%, Speightstown 9.77%, Into Mischief 8.56%, Medaglia d'Oro 8.36%, Curlin 8.29%, and Ghostzapper 7.89%.

Not This Time is next on the list behind Ghostzapper at 7.47%, ahead of Munnings at 7.15%, Quality Road 7.13%, Uncle Mo 6.95%, Constitution 6.80%, More Than Ready 6.73%, and Street Sense 6.67%.

You get the picture. Not This Time is right up there in the production of black-type winners with the best in the country, and he's the youngest of this group.

Among his own cohort, he's the leading third-crop sire, ahead of Laoban at 5.71%, Upstart at 4.07%, Hit It a Bomb 3.95%, Nyquist 3.18%, and Runhappy 3.04%.

Not This Time's first crop came to the races in the COVID year of 2020 when racing, as life, was disrupted, but there were clues then–at least by August, when I wrote here “Not This Time Leads Freshman Sires“–that he was going to be more than a flash in the pan. He was getting quality maiden special winners then and performing far above his stud-fee level, and that impression has turned into reality.

A stallion that can move up his mares to graded and listed levels–not to mention Classics contenders–at a $15,000 fee is one that can better withstand the drops in book quality from years two to four, and we're seeing this year that his second crop headed by Epicenter and the others noted is highly effective.

He is the real deal.

Sid Fernando is president and CEO of Werk Thoroughbred Consultants, Inc., originator of the Werk Nick Rating and eNicks.

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Maryland Horse Foundation Launches Redesigned Website

The Maryland Horse Foundation has unveiled their newly designed website MarylandHorse.com, completed in partnership with the Maryland Horse Industry Board and funded via a Rural Maryland Council grant. It now features a sortable directory of resources and an events calendar as well as fulfilling a double duty of functioning as the home for information about the Maryland Horse Park System. Any news about annual campaigns such as 'October-Maryland Horse Month' or 'Horse Industry Day' will also be posted to the site. Anyone with an event or resource they'd like to add to the website is encouraged to contact Becky Remsberg at bremsberg@marylandthoroughbred.com.

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Thursday Morning with Kentucky Derby Winner Rich Strike

ELMONT, NY – With regular exercise rider Gabriel Lagunes in the saddle, GI Kentucky Derby winner Rich Strike (Keen Ice) circled the shedrow shortly after 8:30 a.m. on a sticky Thursday morning at Belmont Park.

Making his way through the picturesque Belmont backstretch about 10 minutes later with a good-sized entourage in tow, Rich Strike entered the paddock via the tunnel as owner Richard Dawson and trainer Eric Reed, both sporting plenty of black-and-red Rich Strike swag, chatted by the famed Secretariat statue.

With torrential pre-dawn thunderstorms leaving the main track a sloppy-and-sealed mess, it was a second straight day of light training for the 7-2 third choice on the morning-line for Saturday's 154th GI Belmont Stakes.

“All we were doing today was getting a little maintenance work in him and he had to go school in the gate anyway,” Reed said outside of a sun-splashed Barn 29 after the chestnut was done getting cleaned up.

“With the off track, I didn't want to turn him around in case he decided to get real tough. So, we just went the mile-and-a-half in the wrong direction, stood in the gate and brought him home. Tomorrow, he'll have a little bit of a gallop.”

Rich Strike has breezed twice since shocking the world at 80-1 off the also-eligible list in Louisville, most recently working five furlongs in a bullet :59 at Churchill Downs May 30. The $30,000 claim-to-fame put on a show with an absolute powerhouse gallop at Belmont Park on Tuesday.

“That's what we call the 'happy gallop.' He'll do that once a week,” Reed said. “Two days prior coming off the track with normal gallops, he was rearing up. He was telling me, 'You haven't trained me hard enough.' We don't try to go that fast, we just let him have his way. Usually, he'll set his own pace, then he comes back to us after a little bit.”

After receiving plenty of criticism for taking the road seldomly traveled and skipping the GI Preakness S. with the Derby winner, Reed continues to have no regrets about heading to the final leg of the Triple Crown with a fresh horse.

“It wouldn't have worked with him,” Reed said. “It takes him three weeks to calm down. In a two-week turnaround, he would've been crazy in the paddock. He wouldn't have been behaving on the track. His mind would be way too aggressive and it would've jeopardized this race.”

He continued, “Not that we thought this was a race we couldn't lose. It just made a lot more sense because it was the proper time between races and we know he'll get the distance. Our problem is, he has a terrible running style for this race. Either he has to change it on his own or we have to get really lucky because you just don't come from last and win this race. Since the Derby though, he's a much different animal about how he does things.”

As far as life after the Triple Crown series for Rich Strike, following a break for a month or two, Reed has identified the GI Runhappy Travers S. at Saratoga Aug. 27 as his next potential target.

“Our intentions, if things go well, is to run him next year,” Reed said. “We don't want to stop at the end of this year. We're not gonna dance every dance and run every race, we're gonna pick the right ones and give it our best shot.”

It's almost been five weeks now. Kentucky Derby-winning trainer Eric Reed. How does that sound to you?

“I can't get used to that,” Reed concluded with a big smile.

“I've been real busy and I love what's going on for my guys. I haven't had time to step back yet. I'll get that chance after the Belmont. Then, I think it will all soak in.”

'We' Love the Rain…

Likely GI Belmont S. favorite and controlling speed We the People (Constitution) certainly didn't mind the wet going Thursday morning.

The runaway, front-running winner of a saturated renewal of the local GIII Peter Pan S. stood like a gentleman beneath trainer Rodolphe Brisset after entering the track through the paddock at 7:52 a.m. The 'TDN Rising Star' began to jog the wrong way with the pony about five minutes later, and, after schooling in the starting gate, came rolling down the center of the stretch outside of the dogs for another very good-looking, one-mile gallop.

While leading sire Tapit can't add to his already record four Belmont Stakes tallies this year, his presence will certainly still be felt Saturday. The Gainesway kingpin is the grandsire of both We the People and Kentucky Derby sixth-place finisher Barber Road (Race Day), and he is also the broodmare sire of the lightly raced Preakness third-place finisher Creative Minister (Creative Cause), respectively.

For more pedigree tidbits on the field of eight, stay tuned for Saturday's 'Where Did They Come From?' feature.

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Op/Ed: The Triple Crown Woes…Maybe It’s the Purses?

Though not a proponent of “fixing” the Triple Crown by spacing the races further apart, I can't deny that the series has a problem. GI Kentucky Derby winner Rich Strike (Keen Ice) passed the GI Preakness S. Preakness winner Early Voting (Gun Runner) won't be running in the GI Belmont S. this Saturday and not a single horse will contest all three Triple Crown races this year. The Triple Crown ends with a race that is good but could be a lot better. Lining up the best horses possible for as many Triple Crown races as possible has become immensely difficult.

But maybe the biggest problem isn't the spacing of the races but that the purses for the races, especially the Preakness and the Belmont, are not what they should be and haven't kept up with the times. If you want your races to always get the best horses and to be considered to be among the most important, most prestigious races on the calendar you're going to have to pay for the privilege. The Triple Crown tracks haven't bought into that premise.

The purse of the Kentucky Derby is $3 million. The Preakness and Belmont are worth $1.5 million each. While that may seem like a lot of money, in a sport where purses have exploded over the last 15 years or so, it's not. There are nine U.S. races that have a larger purse than the Preakness and Belmont, eight of them Breeders' Cup races and the other the $3-million GI Pegasus World Cup. That's not to mention the riches thrown around in Saudi Arabia and Dubai. Or that the Preakness and Belmont are worth only $500,000 more than four Kentucky Derby preps, the GI Blue Grass S., the GII Louisiana Derby, the GI Florida Derby, and the GII Rebel S., and just $250,000 more than the GI Arkansas Derby.

The Triple Crown races, as important as they are, should be the richest races run in the U.S. or at least the equal of any other race. To make that happen, they should all be worth $6 million, the equal of the GI Breeders' Cup Classic. It can be done. Let me explain.

With $6 million total now paid out in the three races, the Triple Crown tracks would have to come up with an additional $12 million to be able to pay out $6 million in each race. That probably wouldn't be much of a problem for Churchill Downs or NYRA, but, at Pimlico, it would be a lot to ask for them to come up with that kind of money. Simply asking the tracks to increase the purses on their own isn't going to happen.

So, why not copy what the Breeders' Cup has done?

One of the reasons why they can give away so much money at the Breeders' Cup is that, in order for a horse to be eligible to run, their sire must be nominated and they must also be nominated as foals. If not, the owners must pay a hefty fee to supplement them into a Breeders' Cup race. It costs $400 to nominate a foal. To make the progeny of a North American-based stallion eligible, a payment equal to 50% of the horse's published stud fee is required.

In the fiscal year that ended on Jan. 31, 2021, the Breeders' Cup took in $8.4 million from domestic stallion nomination fees and $2.7 million in fees for foreign stallions. Foal nomination fees added up to $4.1 million with 9,822 nominated foals. That adds up to $15.2 million.

The Triple Crown is not going to equal those numbers. There would be little incentive to nominate fillies or foreign stallions. But could asking owners and breeders to pay fees similar to what they pay to make their horses and stallions eligible to run in the Breeders' Cup yield $10 million or so? Probably. Finding another $2 million out of the track's pockets to bolster the purses and get to the $12 million figure wouldn't be asking that much.

There's also the matter of what it currently costs to make a horse eligible for the Triple Crown, a payment now due in late January of a horse's 3-year-old year. Not only would that payment still be required under this proposal, but it should be increased. It currently costs just $600 to nominate a horse to the Triple Crown. There were 312 noms this year, which adds up to only $187,200. You could raise another $500,000 or so by upping the fee to $2,500, which doesn't seem unreasonable.

The days of owners being sportsmen is long gone. The owners who dominate the top levels of the sport are businessmen and businesswomen and no matter what they may say, their decisions ultimately come down to money. The end goal is to maximize their profit on their horses and the way to do that is to create a stallion who can command a large stud fee. It is not to win as many races as possible. To get there, you need only have to have a horse with a strong pedigree who has won, perhaps, a single Grade I race. Trainers believe that the best way to have a horse primed to win a major race is to have plenty of time between starts.

A Kentucky Derby win is important, but not the be all and end all. Wins in the Preakness and Belmont are less important.

But there has to be a tipping point somewhere, where the purses are so large that the right business decision becomes running in, and not passing on, the Triple Crown races. Put up $18 million for the series and $6 million per race and people will run, even if the three races take place over a five-week span. That's how you can fix the Triple Crown.

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