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#1
10-30-2008, 10:56 AM
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I was estimating NY numbers, for what is considered a high end trainer. I heard that Pletcher is like $150 a day or something. So yeah, those numbers are high and I am probably way off
Last edited by Scav : 10-30-2008 at 11:09 AM. 
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#3
10-30-2008, 11:23 AM
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Quote:
__________________
All ambitions are lawful except those which climb upward on the miseries or credulities of mankind. ~ Joseph Conrad A long habit of not thinking a thing wrong, gives it a superficial appearance of being right. ~ Thomas Paine Don't let anyone tell you that your dreams can't come true. They are only afraid that theirs won't and yours will. ~ Robert Evans The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command. ~ George Orwell, 1984.
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#4
10-30-2008, 11:31 AM
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The trainers that we have used in NY have been in the $80-100/day range, and vet work depends on the horse. Based on our experience, if your horse is in training a full year, you need to earn about $45,000 to break even (considering the deductions - jockey, NYTHA, backstretch pension, etc. - that come straight out of earnings with the Horsemen's Bookkeeper, and the standard 10% that goes to the trainer from placings).
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#5
10-30-2008, 02:31 PM
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Quote:
I tend to shoot for about $24k earnings to break even for a full year. Since I deal with claimers, I love those that can win an allowance race and net $12k a pop.
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#6
10-30-2008, 05:29 PM
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I probably should clarify, trainer commission is 10% of earnings first through fourth. The jock gets 10% for a win and a set fee for second through fourth depending on the purse. Parsixfarms has the estimate of about 45k per horse to break even about right.
Yes Linny "Marina" is my avatar.
__________________
You have a million dollar set of legs and a five cent fart for a brain.-Herb Brooks
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#7
11-02-2008, 06:43 PM
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Great discussion. I think it can educate a lot of people to a side of the business and sport they might not often see or hear about.
A couple of points of clarification -- first, here in NY (NYRA tracks), I think you will find most quality trainers will fit in the $80 and up category. In today's day and age, and due to a variety of factors, it becomes hard for a trainer to charge less. Sure, they can eliminate a person here or there, and do 50/50 deals, etc. Second, unless there is a contract to the contrary, the schedule approved by NYRA and the Jockey's Guild -- as of April 2, 2008 -- has the jock earning 10% of the gross purse, and 5% for second and third, regardless of the purse. It is not a set fee for second and third. The set fee kicks in at fourth and it's either $100 or $105. I don't know if there has been a change since this contract was approved, but this was the case heading into the Belmont meet as per the condition book. Third, certain trainers who charge substantially more, do so for a variety of reasons. I don't have any trainers who charge $125 or $150. I don't know what Pletcher charges. I don't know what a lot of trainers charge -- only trainers that I use or people I know, if it happens to come up in conversation. The Chief is a perfect example. One reason he charges substantially more than most -- just one reason, LOL -- is that his payroll is substantially higher than most. There is a benefit to that. Whether or not someone thinks the benefit is tangible, worth it, etc., well, that's another story. Like with any goods and services -- sometimes you get a benefit and sometimes you don't. The value is in the eye of the buyer I guess. LOL. There are fixed costs and variable costs. The real variable cost can be the vet. Those #'s can be all over the board. Eric
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