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Atlantic Breeder’s Incentive Program
The ATLANTIC BREEDERS INCENTIVE PROGRAM is a program to promote the breeding
of reining horses in the eastern United States and in Canada. The money
collected, including the nomination fees paid by the owners of the enrolled
stallions, and the nomination fees paid by the breeders (mare owners),
will be distributed in a Three Year Old Futurity and a Four, Five, and
Six Year Old Derby. The first Annual Futurity was held July 1998 at the
Eastern Agricultural Center in Williamston, NC, and currently hosted by
the Carolina Fall Classic Futurity in October. The Four, Five, and Six
Year Old Derby Division started in the year 2003 and is currently held
in conjunction with the Carolina Classic Derby.
This program will collect, by May 15 of the foaling year, a nomination
fee from the stallion owner of $350.00 due each year that the stallion
is enrolled. The breeder (owner of the mare) will pay a nomination fee
of $100.00 to enroll the resulting foal before December 31 of the weanling
year. There will not be any sustaining payments with the exception of
the entry fee at the show or any late penalties.
CONDITIONS:
1. STALLION ENROLLMENTS:
Stallion owners will pay an annual enrollment fee of $350.00 per foaling
year, which will make all current foals sired by this stallion from the
resulting breeding season eligible.
2. BREEDERS NOMINATION
To be eligible for the Futurity and the Derby the breeder (mare owner)
must pay $100.00 nomination fee for each foal before December 31 of the
weanling year. The foal will be eligible to enter the Futurity and the
Derby. If a breeder would like to nominate a foal by a stallion that is
not enrolled, in the weanling year, by December 31, he must pay a fee
of $200.00 but only his foal will be eligible and no stallion winnings
[nor breeder’s awards] will be paid.
3. DISTRIBUTION OF MONIES:
A Maximum of 15% will be retained for promotion and administration fees:
the balance of all enrollment and nomination fees will be distributed
as follows:
| A. | 40% of the stallion enrollment fees will be paid at the Futurity in the foals’ three year old year. (Example: 40 % of the enrollment fees collected in 2003 will be paid to the Futurity in 2006). |
| B. | 60% of the stallion enrollment fees will be paid at the Derby in the foals’ four year old year. (Example: 60% of the fees collected in 2003 will be paid in the Derby in the year 2007.) |
| C. | 40% of the breeder nomination fees will be paid at the Futurity in the foals’ three year old year. |
| D. | 60% of the breeder nomination fees will be paid at the Derby in the foals’ four and five year old year. |
4. PERCENTAGE OF PAYBACK:
The purse, including the enrollment and nomination fees, will be distributed
as follows:
40% to the open division
20% to the intermediate open division
20% to the non pro division
10% to the intermediate non pro division
5% to the stallion owner (Highest scoring horse )
5% to the nominating breeding from enrolled stallions ( Highest scoring
horse)
Note: 50% of the penalties from the nominations from the non-enrolled
stallions will be added to the 5% that goes to the stallion owner.
Entry fees will be determined by the administration before the show but
will not exceed 10% of the added monies. The entry fees collected at the
time of
the show will be added to the purse with the exception of a maximum of
a 50% retainage used for program growth.
5. DEADLINES AND LATE ENTRIES:
A. Stallion enrollments:
| Due | Amount | Penalty | Total | |
| Enrollment Fee | before May 15 (of the foaling year) | $350 | $0 | $350 |
| Enrollment Fee | on or after May 2 (up to Dec 31 of the foaling year) | $350 | $150 | $500 |
| Late Entries | of the yearling year | $350 | $200 | $550 |
| Late Entries | of the 2 year old | $350 | $200 | $550 |
| Late Entries | of the 3 year old | $350 | $200 | $550 |
B. Breeders nominations:
| Due | Amount | Penalty | Total | |
| Nomination Fee | by Dec 31 of weanling year | $100 | $0 | $100 |
| Late Entry | by May 15 of yearling year | $100 | $50 | $150 |
| Late Entry | by Dec 31 of yearling year | $200 | $100 | $300 |
| Late Entry | by Dec 31 of 2 year old year | $400 | $200 | $600 |
| Late Entry | 3 year old year or older | $1000 | $500 | $1500 |
C. Breeders Nomination (by a stallion not enrolled in the program)
| Due | Amount | Penalty | Total | |
| Nomination Fee | by Dec 31 of weanling year | $200 | $0 | $200 |
| Late Entry | by May 15 of yearling year | $200 | $100 | $300 |
| Late Entry | by Dec 31 of yearling year | $300 | $150 | $450 |
| Late Entry | by Dec 31 of 2 year old year | $600 | $300 | $900 |
| Late Entry | Dec 31 of 3 year old year | $1500 | $750 | $2250 |
The ATLANTIC BREEDERS INCENTIVE PROGRAM is produced by the Atlantic Breeders,
Inc., a North Carolina based non-profit corporation and is
administered by the Carolina Classic Inc. The original board of directors
consist of Francois Gauthier, Mike Hancock, Brian Dygert, and Mike McEntire.
All fees will be maintained in money market investment accounts at federally insured banks. Promotional and administrative expenses are estimated to be less than 15% of the stallion enrollment and breeder nomination fees for each year. The balance of all fees received and the interest earned will be used as added money for the Atlantic Breeders Incentive Program in future years. The Atlantic Breeder’s board of directors can change or improve the rules at any time or can cancel the program and if so, will reimburse nominations minus 15%.
For more information contact: Atlantic Breeders Incentive Program, Brian
Dygert (252)695-0515; Francois Gauthier (252)239-0812 or Josiane Gauthier
at
(252)205-9945.
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