It means that this crop had designated 2 year olds for their 2 year old races, and the 3 year olds are still waiting in the wings as races for them come up. The older horses retired, got hurt, or the trainers found out in time that the usual meds (and I use that term loosely) were now tested for. New York tightened their testing up considerably and at least one trainer did not win a race worth anything at the spa last year because his whole humongous stable got a summer cold and took a vacation. He's at least entering some this year, but the usual championship run did not happen. It did show up approximately 30 seconds after the testing was boosted, though.
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