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Originally Posted by Bold Brooklynite
Very, very naive.
All it takes is one big syndication deal ... and the trainer's share is enough to fix him up for life.
Sure it's nice to train winners of $1,000,000 and make $100,000 ... but it's a lot of hard work and you certainly can't be financially secure from it.
But get that $40,000,000 syndication deal ... and you make a few million in one swoop ... the equivalent of 25 years of toiling in the salt mines.
That's the main objective of today's trainers of G1-level horses ... win that one big one ... and start the negotiations.
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What in the world are you talking about? When are there $40 million syndication deals? In the current decade(2000-2006), I think there was only one horse syndicated for more than $20 million. Smarty Jones was synidcated for something in the neighborhood of $40-50 million. I don't think there was one other horse that was even above $20 million. Even a BC Classic winner like Saint Liam only was sydicated for about $8 million. I don't think that trainers normally get more than 1-2 shares. I can check on this, but even if you are right and Dutrow got 4 shares in Saint Liam, that means the deal would have been worth around $300,000 for Dutrow. He made that in one day when the horse won the BC Classic. He would have been much better off if the horse kept running.
It's a 100,000-1 shot to get a horse that's worth $40 million. You act like it's a regular occurence. I think there's only been 1 in the last 10 years.