New Breeders' Cup strategic plan
Horseracing Betting Lines
12/11/2009 -
Lexington, KY (Sportsbook Betting Lines) - Central ideas of a new long-term strategic
plan for the Breeders' Cup was approved Friday by the organization's Board of
Directors. The plan was voted on during the December meeting of group.
"For 26 years the Breeders' Cup took one approach," said Satish Sanan, the
Breeders' Cup board member who chaired the Strategic Planning Committee. "We
understand that a new approach means significant change but the Strategic
Planning Committee believed a new approach is warranted if the property is
going to evolve, adapt and grow in a changing marketplace."
The major points of the strategic plan are: Explore the feasibility of a
single permanent host site location for the Breeders' Cup World Championships;
Establish a new Breeders' Cup Racing Series in partnership with North American
and European racetracks to better define and market the road to the Breeders'
Cup World Championships; Expand brand marketing and commercial development
programs, with an emphasis on digital marketing and social media; Take a new
approach to nominations to significantly expand the number of Breeders' Cup
eligible horses.
"This is the culmination of a year-long strategic planning process designed to
ensure the Breeders' Cup continues to thrive and grow as one of the world's
premier sporting events and as the definitive international event in our
sport," said Breeders' Cup Chairman William S. Farish, Jr. "Having approved
these strategic recommendations, the Board has tasked the management team with
developing a specific business plan in each of the four areas with a goal of
approving the final plans at our April, 2010 meetings."
During the meeting the board promoted Chief Financial Officer Matthew Lutz to
the position of Chief Operating Officer/CFO. Lutz originally joined the
Breeders' Cup in November, 2007.
The board also reviewed results of the 26th Breeders' Cup World Championships
at Santa Anita.
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FOOTBALL BETTING : Crabtree's base deal: six years, $32 million
Football Betting
In the wake of the news that the 49ers have signed receiver Michael Crabtree after an extended holdout, there has been not a hint of the dollars to be paid to Crabtree.
And since this means that his agent hasn't leaked the numbers, it means that his agent feels no specific motivation to do so.
Possibly because his agent isn't all that thrilled to have his name on the deal.
So the numbers will come from sources other than Crabtree's agent. And we've gotten our mitts into them.
Per a league source, Crabtree has signed a six-year, $32 million contract. (The total includes guaranteed money, base salaries, and the one-time incentive based on achieving minimum playing time.)
The deal also includes $17 million in guaranteed money.
As reported elsewhere, the deal can void to five years based on performance triggers, wiping out a final year base salary of $4 million. But they won't be easily reached.
The source tells us that, in his first four seasons (including 2009), Crabtree must either qualify for two Pro Bowls, or he must qualify for one Pro Bowl in one year and he must participate in 80 percent of the offensive snaps in a separate year in which the team makes the playoffs.
In other words, if in 2010 he qualifies for the Pro Bowl and the team makes the playoffs and he participates in 80 percent of the snaps, he'll still need to make it to the Pro Bowl or achieve the 80-percent/playoffs in another season.
Since the chances of Crabtree making the Pro Bowl or participating in 80 percent of the offensive snaps this year is roughly zero percent, he'll have three years to get it done.
And it won't be easy. Frankly, he'll be hard pressed to make it to one Pro Bowl in three years with the likes of Larry Fitzgerald, Calvin Johnson, Anquan Boldin, Steve Smith, the other Steve Smith, Hakeem Nicks, DeSean Jackson, Johnny Knox, Percy Harvin, Greg Jennings, Roddy White, T.J. Houshmandzadeh in the same conference for sportsbook betting.
So, by all appearances, it's a six-year deal. And at $17 million in guaranteed money, the per-year guarantee is a tepid $2.83 million per year.
There's another problem with the deal -- it has no mid-tier incentive package. Instead, the additional $8 million that Crabtree can earn (pushing the max value to six years, $40 million) requires the kind of unrealistic, mega-star performances that no rookie is likely to ever achieve.
So while the contract paid to Packers defensive tackle B.J. Raji covers five years and pays $22.5 million, he has the ability (if he's a solid player) to make up the difference between his base deal and Crabtree's five-year, $28 million haul via the mid-tier incentive package in Raji's deal.
And unless Crabtree meets the performance thresholds necessary to void the sixth year, he'll be stuck under contract for another year at a base salary of only $4 million.
There's one other area of concern with the deal. Crabtree, per the source, received no option bonus. Instead, he has significant money tied to a fairly new device known as a "discretionary salary advance," which unlike an opition bonus is subject to forfeiture if Crabtree decides in a year or two that he wants to hold out for a better deal. (We're also told that the 49ers have included language that would make certain escalators subject to forfeiture, too.)
Meanwhile, the deal falls well short of the mark for which Crabtree and agent Eugene Parker were aiming -- the five-year, $38.25 million contract paid by the Raiders to receiver Darrius Heyward-Bey, the seventh overall pick in the draft.
Even if Crabtree successfully voids the final year, he'll make more than $2 million per year less on average than Heyward-Bey.
Thus, as we explained earlier in the day, this is a deal that Crabtree could have done in July, which would have given him a much better chance of making a contribution to the 49ers during his rookie year.
So while the final outcome can be described as win-win, the broader view suggests that it's really a lose-lose situation.
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Bonds nearly hits HR 751, SF wins
4 and drove in
a pair of runs, and Barry Bonds nearly hit homer No. 751 as San Francisco beat
1, in the middle contest of three at AT&T Park.
6) allowed five hits and one run over 6 2/3 innings, fanning
eight and walking three.
game slide.
Bonds, who came within five homers of Hank Aaron's record on Friday, went
1 with three walks, an RBI double and scored twice. The double ...
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