GUIDELINES AND POLICIES
Sixth Edition
PRIZE MONEY
PAYBACK
Prize money is generated from entry fees and stallion
fees, minus 14% to 20% held for administrative costs. Prize money will
be mailed to the owner of the horse, unless a release is signed by the
owner, designating the prize money to another individual. The Social
Security Number is required for prize recipients who receive prizes
and/or money valued at over $600, as required by Federal Law, for the
National Association of Breeders, Inc., to file 1099 Miscellaneous
Income forms to the IRS. It is crucial that horse owners notify the NAB
Administrative Assistant when they sell or purchase a horse, so the
prize money is sent to the current owner.
Preliminary
30% of the entry fee is paid out for each age group.
This 30% is split between the Amateur and Open divisions based on the
total number of exhibitors in each division per age group. The top ten
(10) are then awarded a percentage according to their placing.
Championship
70% of the entry fee is paid out for each age group.
This 70% is split between the Amateur and Open divisions based on the
total number of exhibitors in each division per age group. The top ten
(10) are then awarded a percentage according to their placing.
Added
Supplemental prize money generated from the stallions
who sired the 2 Year Olds of the show is awarded to each Breeders Cup
class based on the number of paid up horses in each age group. The
percentages are figured the same as for entry fee payback: 30% for the
Preliminary classes and 70% for the Championship; split between
Amateur & Open; top ten (10) awarded a percentage according to
their placing.
Places 1 thru 10
