HOY - what is the benefit?

Originally Posted by Danzig188

millions?

most syndication deals are done far ahead of when HOY is awarded. so how can it mean millions?

i'd imagine most post-bcc deals for horses are done with the presumption everyone knows who will win hoy. but once it's given out....that's a little late, isn't it? mares have already been covered by then.

also, i seriously doubt smartys syndication could have gone above what the value was set at if he'd won HOY. there is a ceiling.


but hey, i could be wrong. have been before.

Zieg you completely struck out here.
I've worked on deals before with stallions.
There are incentive clauses that are in the contract that state that the buyer pays X amount more for being a champion, being HOY, etc.
When St Liam won last year, believe me, they weren't just screaming about the purse money in the BCC. They got a HUGE payout from the buyer for that.
Its industry standard Zieg.