Parx Racing gaining stakes recognition

Horseracing Betting Lines

12/05/2011 - Philadelphia, PA (Sportsbook Betting Lines) - Each year the American Graded Stakes Committee of the Thoroughbred Owners and Breeders Association re-evaluates all the stakes races in the United States with a minimum purse of $75,000. Stakes can be elevated in status, reduced or remain status quo.

Racetracks take great pride in having their stakes races given a graded status. In particular the tracks not considered major venues for racing.

This year the committee gave special recognition to stakes races conducted at Parx Racing in suburban Philadelphia. The former Philadelphia Park, and before that Keystone Race Track, gained several upgrades to their stakes.

For the first time in track history a Grade I race, the highest level stakes, will be held at Parx Racing. The Cotillion Stakes for three-year-old fillies has gained the coveted position as Grade I.

The last three runnings of the Cotillion have featured the best of each year's sophomore fillies. In 2009 Careless Jewel may have been the second best filly behind Horse of the Year Rachel Alexandra. Prior to capturing the Cotillion, Careless Jewel won the Delaware Oaks and Alabama.

In 2010 the two best female three-year-olds, Blind Luck and Havre de Grace, hooked up in another edition of their now historic rivalry. Havre de Grace finally got the win over Blind Luck who had defeated the Delaware Park-based filly in the Alabama and Delaware Oaks.

This year's Cotillion showcased two of the top fillies in training. Kentucky Oaks winner Plum Pretty was again facing It's Tricky winner of the Acorn and Coaching Club American Oaks. Trained by Bob Baffert, Plum Pretty avenged the American Oaks loss by crushing It's Tricky by more than seven-lengths.

Joining the Cotillion and the Grade II Pennsylvania Derby on the graded stakes roster at Parx Racing are the Smarty Jones, Greenwood Cup and Dr. James Penny Memorial Handicap, all three being elevated to Grade III.

Another track beaming with pride is Hollywood Casino at Charles Town Races in West Virginia. The track's premier race, the $1,000,000 Charles Town Classic, has been moved up to Grade II after just three editions.

"Every member of our team should be proud that their efforts and hard work are resulting in some historic firsts for our track," said Erich Zimny, Director of Racing Operations. "In 18 of the last 19 months, our average daily handle has grown versus the prior year's number and there are more eyes on racing in the eastern panhandle of West Virginia than there ever have been. We could not have accomplished that - or sustain it - without our event days."

Duke of Mischief won this year Classic followed by Santa Anita Handicap champ Game On Dude and Whitney Handicap winner Tizway. Eventual Pacific Classic winner Acclamation finished last in the 10-horse field.

What do each of these two tracks have in common? Casinos.

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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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