madelyn wrote:Please tell me more about the Darby Dan Profit Protection program!
The Profit Protection program is a modified pay from proceeds. There will be a limited number offered for Sun King and Nobiz Like Shobiz - with a preference for good racemares or race producers and/or those foaling in regional markets.
In a nutshell - no up front stud fee, when the horse sells (either as a weanling or yearling) the breeder receives the first $5K of proceeds. The proceeds are then split 50/50 up to $25,000. Over that $25K, breeder keeps the rest.
So - if the horse brings $10K, breeder gets $7,500 - DD gets $2,500. If the horse brings $50K, breeder gets $40K, DD gets $10K. If the horse brings $5k or less - breeder gets it all - no stud fee is due.
Unlike a foal share, there is a cap on how much DD gets and breeder's awards are not split - breeder keeps them all.