10/25/2010 5:51PM

Pact will allow Kentucky jockeys to keep sponsor deals private

Email

Riders in Kentucky will not be required to disclose the financial terms of any sponsorship agreements under a settlement reached between the Jockeys' Guild and the state's horse racing commission, the two sides said on Monday.

Under the settlement, an emergency regulation adopted by the Kentucky Horse Racing Commission in June that required jockeys to submit copies of sponsorship and advertising agreements to the commission will be suspended, according to the Guild and commission. Last week, the Guild had filed a lawsuit to suspend the rule, in part because of concerns that the new requirement would impair riders' ability to reach the agreements in advance of the Nov. 5-6 Breeders' Cup at Churchill Downs in Louisville.

"We are pleased to reach this agreement with the KHRC," said Terry Meyocks, the national manager of the Jockeys' Guild, in a release. "It provides a reasonable short-term solution to the issue. Hopefully we can build on this agreement and find common ground on other issues we face together."

The commission had adopted the new requirement after a flap between some owners and riders erupted during this year's Kentucky Derby. Emergency rules in Kentucky can go into effect immediately for a six-month period while the state's legislators consider a formal adoption of the new regulations.

Last month, a legislative committee considering the new regulation suspended action on the rule until November because of riders' complaints about the requirement to disclose the financial terms. Riders have argued that scrutiny of the contracts would have a chilling effect on the willingness of advertisers and sponsors to reach advertising agreements with jockeys.

According to the commission, jockeys will still need approval from stewards, owners, and racing associations before they will be allowed to wear any advertising materials while riding.