Revised Futurity & Derby Nomination Plan (see printable version)
 

APPROVED by the Board of Directors on March29, 2008
 

1. The plan will start with 2008 foals. The current conditions will apply for 2006 and
2007 foals.
 

2. Mandatory nomination structure
 

3. There will be no substitutions.
Reason: Three years ago the Board of Directors changed the conditions to allow for substitutions to be made by anybody. i.e. The ownership of both horses no longer had to be exactly the same. Allowing the “selling of slots” greatly affected the number of entries into the Futurity and affected the purse and payouts in a
negative way.
 

4. $300 one time nomination fee for weanlings to be eligible for the Futurity & three years of Derby in addition to applicable entry fees, judges fees, etc. If foal is not nominated as a weanling, the nomination fees are as follows:

a. $2000 nomination for yearlings in addition to applicable entry fees, judges fees, etc.
 

b. $5,000 nomination for 2 year olds in addition to applicable entry fees, judges fees, etc.
 

c. $7,500 nomination for 3/4/5/6 year olds in addition to applicable entry fees, judges fees, etc.
All nomination fees paid are non-refundable.
 

5. Nominations must be postmarked by December 31, 2008 and every year after. The plan will start with 2008 foals. The yearling, 2 year old, and 3/4/5/6 year old nominations may be split up into payments. The first payment may be made any time during the year, however, the entire amount must be paid by December 31 of that year.
 

6. Prize money designation:

 
a. 5% of nomination fees will go to the NRHA for administrative costs.
 

b. 60% of the remaining money will go to the Futurity and 40% will go to the Derby.
Reason: The reason that this percentage is weighted more heavily toward the Futurity is because it takes more money to make an impact on the Futurity than it does the Derby.
 

c. Net nomination fees for horses nominated as 4, 5, and 6 years of age will go into the Derby purse the year of nomination.
 

d. Nomination fees paid will be allocated to the Futurity and Derby according to the Futurity and Derby nomination fee purse allocation per the approved Futurity and Derby show conditions and the related nomination plan. Collected nomination fees will be paid out of
the Futurity and Derby purse in the first year of eligibility of the nominated horse for the applicable Futurity and Derby, even if such
nominated horses choose not to enter the applicable Futurity or Derby.
Example: $300 is paid in 2008 for a weanling nomination. After NRHA takes 5%, $285 is left over. 60% of $285 (or $171) will be allocated to
the Futurity when the horse turns 3 and 40% (or $114) will be allocated to the Derby when the horse turns 4, whether or not the horse enters
either event.

i. For both events, 70% will go to the Open Futurity/Derby and 30% will go to the Non Pro Futurity/Derby.
 

ii. This percentage split will be reviewed annually and will be based on the percentage of nominations that show in the
Open vs. the Non Pro over a three-year period. Currently, 70% show in the Open and 30% show in the Non Pro.

e. Division allocations (Open, Intermediate Open, Limited Open, and Non Pro, Intermediate Non Pro, and Limited Non Pro) are still being discussed and are pending based on proposed rule changes.

d. Nominator Incentive

i. 5% of all earnings from each division of the Futurity will be paid to the nominator of that entry.

 

ii. 5% of all earnings from each division of the Derby will be paid to the nominator of that entry.
 

iii. All earning records in the NRHA Office for horses & riders will be maintained on the total amount of money earned (prize money + Nominator Incentive).

7. The NRHA Board of Directors may approve additional programs to allow reciprocal eligibility. There will not be any sharing of nomination funds or
other incentives. Once a program is approved, the horses eligible for one or both programs would be eligible for both. The approval of such programs will be at the continuing discretion of the NRHA Board of Directors.

 
8. The National Reining Horse association reserves the right to cancel this program without notice at any time, without liability. But in such an event, all the nomination program’s funds are the property of NRHA and will be used for programs promoting the reining horse.