The graded stakes system is not only fairly useless in its present state but is harmful to the sport of horse racing by creating undeserved credentials for too many horses who use the graded blacktype as a justification to stop racing. A complete revamp of the system is badly needed but will never happen because the TOBA is a farce of an organization. They desperately fight against lasix (despite the fact that taking it away will lead to the devaluation of bloodstock accross the board) yet they adhere to this bloated system and wont drastically cut the number of graded events because they fear the effects it will have on the value of bloodstock (fewer graded blacktype horses, fewer credentialed mares, etc)
Assigning a "grade" to a race without knowing who is running in it is moronic. Assigning some sort of performance rates to stakes races after the season has concluded would not only be more accurate but would lead to increased competition and less ducking for fear of a year end downgrade. Had Zenyatta's connections had to choose between staying in CA and racing in races which would clearly be graded poorly due to the weak competition or racing in better races, well what do you think they might have done? Obviously classic races and certsin designated races could have some sort of special designation but far too many graded races are nothing more than allowance level races but for one or two horses.
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