Pro
Elite Sire Incentive
For Dummies
By Robin Hofmann, Program Director
Terminology
- To simplify, for the purposes of this article, Pro
Elite Sire Incentive shall be referred to as PESI and
the term "progeny" shall refer to a horse that
is eligible for the program-male or female. In some instances,
the term "progeny" may also apply to older horses
in the program.
What
is a stallion incentive? A stallion incentive is
a program designed to give breeders some very good reasons
to breed their mares to specific stallions. One good
reason (incentive) is: the foals sired stallions in
an Incentive program are eligible to win a significant
amount of money (bonuses) that other stallions' progeny
aren't eligible to win. For example, the Pro Elite Sire
Incentive anticipates a $50,000 payout in 2009. The
payout should grow exponentially as more stallions enroll
and their results progeny are nominated.
How are the bonuses won? The progeny of PESI
stallions, which become top performing horses and have
been enrolled in the PESI, will receive bonuses when
competing in select WPRA Pro Futurities and Pro Futurity
Derbies throughout the season. The followng bonuses
will also be paid to top performing/PESI enrolled horses
when they are used as a member's primary mount throughout
the regular season, qualify and compete at their circuit
finals or the NFR ($500 at Circuit Finals / $2500 at
NFR - must run in a minimum of 3 performances / $5000
for World Championship and/or winner of the NFR Average).
Several more categories will be included as the program
grows. For example, WPRA member's enrolled team-roping
horses or break-away horses may be eligible for bonus
payouts as the program grows.
Is the program just for enrolled stallions & their
progeny? Yes. When a stallion is enrolled, every
existing foal by him may be "grandfathered"
into the PESI program, plus every foal crop conceived
during a stallion's enrollment in PESI, which also benefits
the breeders of the foals. All bonus payments are split
70% to the owner of the progeny, 20% to the breeder,
and 10% to the sire owner.
Who, exactly, is the "breeder?" A breeder
is most often the owner of the mare that a stallion
is bred to. However it could be someone else, for instance
someone who leased the mare for breeding. The breeder
is listed on the horse's registration papers. That's
another good "incentive" to breed mares to
stallions in the program.
Do stallion owners receive bonuses when an enrolled
stallion competes? Yes. Stallions who are enrolled
in the program may earn bonuses for their owners when
they themselves compete successfully. Another good "incentive"
to enroll a stallion in the program.
How
do stallions get into the program? What is "nominating?"
An owner must "nominate" his stallion to be
in the program. This means, he must send in a pre-determined
amount of money by a certain deadline so that his/her
stallion will be considered for enrollment into the
program. Anyone can nominate their stallion by getting
an application form and sending it to the program administrator.
For this program, a first payment of $500 is due by
February 1st of the enrollment year in order for a stallion
to be "nominated."
What exactly, is an "enrollment year?"
An enrollment year is Jan. 1-December 31. For example,
if a stallion is nominated on or before February 1,
2009, and paid in full by April 1, 2009, he is enrolled
in the program from Jan. 1 of 2009 through December
31 of 2009.
Will all stallions be accepted into the program?
Yes.
What is the cost to get a stallion into the program?
The fee per year is $1000. You must pay a "nomination"
fee of $500 by February 1, 2009. Then the final fee
of $500 must be received by April 1, 2009. You may pay
the total fee on February 1, if you prefer to make just
one payment. After a stallion has been enrolled for
three consecutive season the annual enrollment fee will
be reduced to $750 per year.
What happens if we don't make a payment on time?
Each stallion who nominates will be asked to guarantee
their contract with a credit card. Should the stallion
owner miss a payment the credit card will be charged
for the amount of the payment missed. If the credit
card is declined and the payment is not brought to date
by the end of the 10-day grace period a $100 fine will
be imposed. Stallions who are not paid in full by May
1, will be dropped from the program and will not be
allowed back in without first paying a $200 fine and
all future enrollment fees in full at the time of nomination.
Why not just ask for the total fee instead of accepting
payments? Some owners will nominate numerous horses
to several programs. The nomination option helps to
spread out payments over several months or in the case
of progeny nominations, several years.
What does it mean to "sustain"? This
term applies when more than one payment is made to maintain
a stallion or his progeny eligibility for a program.
Let's say you have ten weanlings, but only six of them
are by stallions who were enrolled in PESI at the time
they were conceived. ("at the time they were conceived"
is important-you'll see more about that later.) This
means that those six are eligible to be in PESI.
You could pay the total fee of $150 per weanling, by
December 31 of their weanling year, and be done with
it. They are in for life. Or, you could send in just
$50 per weanling by Dec. 31 of their weanling year,
and they would be "nominated." Buying a nominated
or enrolled foal is important to a growing segment of
buyers.
If you still own those foals when they become yearlings,
you would need to "sustain" their nominations
by paying another $50 each by Dec. 31 of their yearling
year, followed by another $50 payment by Dec. 31 of
their two- year-old year and another $50 payment by
Dec. 31 of their three-year-old year. Thus, it costs
a total of $200 to be enrolled for life using the nomination/sustaining
fee method.
If a breeder and/or owner sell a prospect during the
nomination/sustaining process, the new owner has the
option to continue to "sustain" the nomination
if they so desire.
What happens if I miss a payment to sustain progeny
nomination? There is a late fee of $50 that must
be paid with the payment you missed before the next
payment due date. If you do not pay the late fee, your
missed payment, and the next payment on time, you will
be dropped from the program. There are no refunds. Your
money becomes part of the bonus money account for other
owners to compete for.
Can all the horses sired by an enrolled PESI stallion
be in the program? Yes. This part is very important
to understand. When a stallion is nominated for the
program, his owner will be required to submit the stallion's
breeding report to the PESI administrator who will contact
the those breeders each season to provide them with
information so everyone understand the benefits of the
program.
Why is it so IMPORTANT for all these people to know
a stallion is in the program?
1. Most breeders considering a stallion for the upcoming
breeding season will be very pleased to know that the
foals they raise are eligible for lifetime PESI bonus
payouts. A growing number of buyers consider this a
very positive thing for their barrel horse prospects.
2. All horses by a specific stallion foaled prior to
that stallion's PESI enrollment are instantly eligible
to be "grand-fathered" into the program. There
is a window of opportunity to enroll these horses for
the very reasonable fee of $150 for a lifetime of potential
bonus payouts.?-The window begins when a horse's sire
is nominated to PESI. (The stallion must also be accepted
into the program and fees paid by the deadline.) To
enroll progeny during this window of opportunity, a
horse owner needs to send in an application, a copy
of both sides of its registration papers, and $150 BEFORE
December 31 of the enrollment year in which the newly
enrolled stallion is nominated. What if I miss the window
of opportunity to Grandfather my horse in? Owners of
existing progeny of Newly Enrolled Stallions who miss
the window of opportunity to Grandfather their horse
in can still enroll for a fee of $2500. So, you can
see that it is very important for sire owners to contact
owners of previously sired foals by their stallions,
and it's important for progeny/horse owners to check
Women's Pro Rodeo News and www.wpra.com to see if their
horse's sire is in the program. If you want your horse
in the program, you may want to call its sire's owner
to encourage him/her to enroll the stallion.
3. Breeders will want to know that a stallion they have
used in breeding for a foal is in the PESI so they have
the opportunity to enroll his offspring into the program.
They will also want to let potential buyers know that
their foals are eligible to be in PESI. Remember that
the breeder of an eligible foal receives a bonus, as
well as the progeny owner and the stallion owner!
How do I know if a prospect is PESI nominated/enrolled?
Beginning in 2009, PESI will maintain a list of these
horses on the WPRA website. Nominated and fully enrolled
progeny will be listed by sire and year of birth, in
alphabetical order. Horses who have been nominated and
still owe sustaining payments will show (N) under the
status column. Horses that are paid in full and enrolled
will show (E) under the status column. This way stallion
owners, breeders and contestants would actually be able
to go to the website and see how many horses by each
stallion are in the program. If an (N) shows up in the
status column, owners and prospective buyers can call
PESI to see how much has been paid and when the next
sustaining payment is due.
How do I know if my horse's sire is in the program?
A complete list of stallions currently enrolled will
be available at www.wpra.com. The PESI administrator
will maintain the list of stallions who drop out of
the program but who were previously enrolled and have
sired nominated and/or enrolled progeny in the PESI
program. Remember, a nominated sire must be totally
paid up ($1000) by April 1 of the year he is nominated
or he will be removed from the PESI website listing
of participating stallions.
Does a stallion have to pay the fee every year? Yes,
a stallion owner pays $1000 every year for the opportunity
to promote that his stallion is in the PESI.
How do enrolled Sire's foals get into the program?
A foal or horse by a PESI stallion is nominated
by its owner by filling out an application and making
an initial (nomination) payment of $50 by December 31
of its weanling year. OR- an owner may fully enroll
the foal by making a one-time payment of $150 by December
31 of its weanling year. A foal's sire must have been
in the Incentive program the year of its conception.
(Exceptions: See the above policy for existing progeny
of newly enrolled stallions, and the fee schedule, below,
for progeny not nominated as weanlings)
To sustain a foal's nomination:
$50 by December 31st of its weanling year. (1st payment)
$50 by December 31st of yearling year. (2nd payment)
$50 by December 31st of 2 year-old year.(3rd payment)
$50 by December 31st of 3 year-old year. (4th payment)
Remember, the $50 late fee that must be paid if you
are late with a payment and that missing a payment or
not paying late fees will result in being dropped from
the program. No refunds will be made if you are dropped
from the program. No progeny substitutions can be made.
What if a foal is not nominated when it s a weanling
and its sire is not a "newly enrolled" stallion?
(The Grandfather clause does not apply in this situation.)
Foals conceived during an enrollment year by a PESI
stallion may enroll in the Incentive even though they
were not nominated as weanlings by paying the one-time
fees listed below:
Yearlings:$250 due December 31 of yearling year
2 year olds: $500 due December 31 of 2 year old year
(eligible for bonus as 3 year old & older)
3 year olds: $750 due December 31 of 3 year old year
(eligible for bonus as 4 year old & older)
4 year olds: $1500 due December 31 of 4 year old year
(eligible for bonus as 5 year old & older)
5 year olds: $1750 due December 31 of 5 year old year
(eligible for bonus as 6 year old & older)
Over 5 years old: $2000 due December 31 of the year
prior to competition.
Remember, once a one-time payment, or completed futurity
payment schedule is completed, enrolled progeny of PESI
stallions can compete for bonus payouts in this program
for life.
Stallion Benefits
Listing/Photo in Women's Pro Rodeo News--Pro Elite Stallion
Edition
Listing/Photo on www.wpra.com
Weblink to stallion website from www.wpra.com
Stallion listed on PESI brochures
Opportunity to showcase stallion at Pro Futurity Finals
Stallions who are enrolled and they themselves compete
in qualifying events are eligible for bonus payouts
during the years(s) in which they are enrolled.
Stallion Owners receive 10% of bonus payments earned
by enrolled progeny.
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