I've always been a big fan of Bill Simmons' idea for a pyramid style HOF and I think it would work perfectly now for racing. You could have four tiers to the pyramid. The top pier is the all time elite. The second pier is the all time greats that just don't quite have the credentials to make the top tier. The third is the horses that currently belong on the HOF but wouldn't be classified as all time greats. Then the fourth is open to the horses who might not have classic HOF credentials but either had incredible periods of brilliance or remarkable accomplishments. You wind up with more in the HOF altogether but there is a clear distinction between what level of HOFer they are. It would make for a great HOF setup too where you start on the first floor looking at the tier 4 HOFers and eventually work your way up to the top where the all time elites are.
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