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Another purse boost for Louisiana DerbyHorseracing Betting Lines08/10/2010 - New Orleans, LA (Sportsbook Betting Lines) - For the second straight year the Louisiana Derby at the Fair Grounds will receive an increase in purse money. The 1 1/8- mile race for three-year-olds will be worth $1 million an increase of $250,000. "Our goal is to make the Louisiana Derby the number one Kentucky Derby prep race and a $1 million purse puts us on par with any of them," said Fair Grounds Vice President and General Manager Eric Halstrom. "When you consider the nice monthly progression of our three-year-old stakes series, comprised of three graded races that can help a horse accrue the earnings they need to make the Kentucky Derby, along with the reputation of our main track as a forgiving surface that gets horses exceptionally fit, there's no better place to get a promising three-year-old ready for the Triple Crown. "I'm especially pleased that we were able to substantially boost the Louisiana Derby purse to this historic level without impacting any of the money committed to our hefty overnight purses." The Louisiana Derby, which will be conducted for a 98th time on March 26, 2011, had its purse boosted this year from $600,000 to $750,000. The other two graded stakes for three-year-olds at the Fair Grounds are the Lecomte and Risen Star Stakes. "A Louisiana Derby purse boost will make it easier for the top few finishers to amass the graded earnings they need to make the gate for the Kentucky Derby," said Donald R. Richardson, Vice President of Racing for parent company CDI. "This year it took more than $225,000 in graded earnings to be in the Kentucky Derby field, the highest cutoff ever. Next year I believe horsemen are going to be more careful about choosing to run only in the richest graded events." The 2010 Louisiana Derby was won by Mission Impazible, who finished ninth in the Run for the Roses. Finishing second behind Mission Impazible was A Little Warm, winner of last month's Jim Dandy Stakes at Saratoga. Drosselmeyer was third and went on to capture the Belmont Stakes. The track's 2010-11 live racing season will beginning Thanksgiving Day, November 25 and conclude on Sunday, March 27.
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FOOTBALL BETTING : Crabtree's base deal: six years, $32 millionIn the wake of the news that the 49ers have signed receiver Michael Crabtree after an extended holdout, there has been not a hint of the dollars to be paid to Crabtree. And since this means that his agent hasn't leaked the numbers, it means that his agent feels no specific motivation to do so. Possibly because his agent isn't all that thrilled to have his name on the deal. So the numbers will come from sources other than Crabtree's agent. And we've gotten our mitts into them. Per a league source, Crabtree has signed a six-year, $32 million contract. (The total includes guaranteed money, base salaries, and the one-time incentive based on achieving minimum playing time.) The deal also includes $17 million in guaranteed money. As reported elsewhere, the deal can void to five years based on performance triggers, wiping out a final year base salary of $4 million. But they won't be easily reached. The source tells us that, in his first four seasons (including 2009), Crabtree must either qualify for two Pro Bowls, or he must qualify for one Pro Bowl in one year and he must participate in 80 percent of the offensive snaps in a separate year in which the team makes the playoffs. In other words, if in 2010 he qualifies for the Pro Bowl and the team makes the playoffs and he participates in 80 percent of the snaps, he'll still need to make it to the Pro Bowl or achieve the 80-percent/playoffs in another season. Since the chances of Crabtree making the Pro Bowl or participating in 80 percent of the offensive snaps this year is roughly zero percent, he'll have three years to get it done. And it won't be easy. Frankly, he'll be hard pressed to make it to one Pro Bowl in three years with the likes of Larry Fitzgerald, Calvin Johnson, Anquan Boldin, Steve Smith, the other Steve Smith, Hakeem Nicks, DeSean Jackson, Johnny Knox, Percy Harvin, Greg Jennings, Roddy White, T.J. Houshmandzadeh in the same conference for sportsbook betting. So, by all appearances, it's a six-year deal. And at $17 million in guaranteed money, the per-year guarantee is a tepid $2.83 million per year. There's another problem with the deal -- it has no mid-tier incentive package. Instead, the additional $8 million that Crabtree can earn (pushing the max value to six years, $40 million) requires the kind of unrealistic, mega-star performances that no rookie is likely to ever achieve. So while the contract paid to Packers defensive tackle B.J. Raji covers five years and pays $22.5 million, he has the ability (if he's a solid player) to make up the difference between his base deal and Crabtree's five-year, $28 million haul via the mid-tier incentive package in Raji's deal. And unless Crabtree meets the performance thresholds necessary to void the sixth year, he'll be stuck under contract for another year at a base salary of only $4 million. There's one other area of concern with the deal. Crabtree, per the source, received no option bonus. Instead, he has significant money tied to a fairly new device known as a "discretionary salary advance," which unlike an opition bonus is subject to forfeiture if Crabtree decides in a year or two that he wants to hold out for a better deal. (We're also told that the 49ers have included language that would make certain escalators subject to forfeiture, too.) Meanwhile, the deal falls well short of the mark for which Crabtree and agent Eugene Parker were aiming -- the five-year, $38.25 million contract paid by the Raiders to receiver Darrius Heyward-Bey, the seventh overall pick in the draft. Even if Crabtree successfully voids the final year, he'll make more than $2 million per year less on average than Heyward-Bey. Thus, as we explained earlier in the day, this is a deal that Crabtree could have done in July, which would have given him a much better chance of making a contribution to the 49ers during his rookie year. So while the final outcome can be described as win-win, the broader view suggests that it's really a lose-lose situation. To visit this sportsbook go to MySportsbook.com for all your college football betting needs. |
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