Prize Money Distribution Announced for UPHA Classic Incentive Yearling Sales
Monday, August 18, 2003
Jimmy Robertson, UPHA president, and John T. Jones, sale chairman, have announced the method of distribution of prize money garnered from the UPHA Classics Incentive Yearling Sales.
When Classic Incentive yearlings are three-year-olds, they will be exclusively eligible for the income derived by the UPHA from the sale in which they became eligible.
UPHA income from the TSE/Tattersales percentage pay out ($7,337 at the 2002 sale) will be distributed to eligible winners of UPHA qualifying classes. The purse will be divided evenly, up to $1,000 per class won by a UPHA Classic Incentive eligible colt. For example, if Classic Incentive Colts win ten UPHA Classics classes in 2004, each winner will receive $733 in addition to the regular Classic prize money.
UPHA income from nomination fees ($21,000 at the 2002 sale) go to the highest placing Classic Incentive Colt in each of the four UPHA National Championship Classics. If there is no Classic Incentive Colt in the money division, that money will be evenly divided in the other classes. If no Classic Incentive Colt wins a ribbon in two of the classes, the money is divided evenly in the other two classes. If no Classic Incentive Colt wins a ribbon in three of the classes, a colt in one class could win the entire purse.
The second annual UPHA Classic Incentive Yearling Sale will be held in Lexington, Ky., at TSE ./Tattersales on Friday, October 24. Entries close September 2. “Based on the amount of interest we have already received regarding our 2003 sale, we expect to have an excellent venue reflecting growth inspired by our successful inaugural sale in 2002,” said UPHA sale chairman John T. Jones.
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