Quote:
Originally Posted by GMB@BP
thought riders got 5% of non win shares?
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By CHRB rule, 5% is the standard figure but apparently the fee is negotiable. In order for any other arrangement to be valid (and enforced by the stewards), a special contract has to be on file. I doubt this last part actually takes place.
Here's what the Thoroughbred Owner's of California (TOC) tells prospective owners about how these fees are handled:
An interesting note: It has somehow become customary for jockeys’ agents to bill owners an additional 5% – bringing their share up to 10% – for 2nd and 3rd place winners in races with purses of $10,000 and over (which includes most races in California, since this state offers the richest purses in the nation). According to jockeys’ agents, the majority of owners unquestionably pay this fee – but in fact, the payment is in no way mandated. Such a bill requires a written contract between the owner and the jockey/jockey’s agent – on file with the Paymaster of Purses – in order to be legitimate. Otherwise, the bill need not be honored. (Supposedly, if you don’t “pay up”, the jockey’s agent is apt to punish you by not providing his jockey the next time you have a promising mount).
I like the little threat at the end.
