MANALAPAN,
NJ – April 13, 2015 – Rebates are not only for new cars.
The
Standardbred Breeders & Owners Association of New Jersey, acting on a
recommendation of its Breeders Committee, has announced a rebate program of up
to $100,000 for 2015 breeding fees for pacing stallions standing in the State
of New Jersey.
The
New Jersey Pacing Stallion Breeding Incentive offers a rebate of the full
advertised stallion fee [up to $2,500 maximum] for New Jersey resident mares
and 50 percent of the stallion fee [up to a $1,250 maximum] for non-resident
mares.
“Essentially,
this will result in a heavily subsidized breeding with the strong likelihood
that when the resulting foals reach the races, New Jersey will have a much
improved purse structure,” said Michael Gulotta, chairman of the SBOANJ
Breeders Committee. “With expectations growing for a positive environment
for racing in the next couple of years, these foals could very well be highly
valuable assets.”
The
rebate will coincide with the stud fee payment.
A
requirement for participation includes the nomination of the resulting foals as
well as two-year-old sustaining payments for the New Jersey Sire Stakes
program. The New Jersey Sire Stakes payments will be deducted from the
rebate. Additionally, to be eligible, stallions must be enrolled in the
USTA’s STARS program.
“We
want to incentivize breeders who have not as yet bred their broodmares this
year to consider New Jersey’s pacing stallions,” said SBOANJ President Tom
Luchento. “With the number of pacing mares booked so far in 2015, we
foresee a limited number of two-year-old pacers competing in the New Jersey
Sire Stakes in 2018. This is a pilot program for 2015, but if it proves
successful, our Breeders Committee will review the possibility of renewing it.”
Eligible
stallions are Great Vintage and Hurrikane King Cole, who are standing at
Walnridge Farm; If I Can Dream and Lis Mara, who are at Deo Volente Farm, and
Philos Hanover at Last Cance Farm.
