Bob Baffert banned

Dear Sir/Ma'am, I have a couple of questions, the answers to which have eluded me. It is my understanding that restricted stakes cannot be awarded graded status, no matter the purse. So, if several of the most talented three-year-olds in the country are prevented from running in the Kentucky Derby and the Kentucky Oaks, does this make them restricted stakes? If so, should they retain their Grade I status, be downgraded, or have their graded status removed altogether? Respectfully, Nick de Meric.

The Derby is not just any race. It is the pinnacle of American horse racing from virtually every angle: breeding, owning, training, riding and yes, even betting (who doesn't want bragging rights for picking the winner?). And the Derby race/event has grown to such importance for the entire industry (the hoopla around the Derby as an event got bigger in the preceding years even while horse racing has been struggling), that its import flows far beyond the private parameters of ownership of Churchill Downs, Inc. Derby day is an industry-wide...