Updated on 09/17/2011 6:37PM

Peace Rules retired with leg ailment

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Peace Rules, bought for $350,000 after his maiden win, earned more than $3 million.

ELMONT, N.Y. - Peace Rules, a multiple Grade 1 winner and earner of more than $3 million, will be retired after developing filling in a leg that would force him to miss the major races this fall.

had been pointing to Saturday's $1 million Jockey Club Gold Cup at Belmont Park, where he would most likely have been the favorite.

Trainer Bobby Frankel discovered the filling in the colt's left foreleg on Monday.

"It's nothing that's going to make a cripple out of him," said Frankel, who earlier this year retired Medaglia d'Oro.

"It's a bummer when they get hurt and can't go home," Frankel said. "If they're good to you and they go home sound, that's my goal."

Frankel said Peace Rules would need the rest of the year off. Negotiations were nearing completion late Tuesday afternoon on where Peace Rules would stand at stud, according to bloodstock agent Mark Reid.

Reid purchased Peace Rules for owner Edmund Gann for $350,000 after the colt won his maiden in his third career start. Maggi Moss originally purchased Peace Rules for $35,000 at the Ocala Breeders' Sales in March 2002. Peace Rules, a Florida-bred son of Jules out of Hold to Fashion, by Hold Your Peace, won 9 of 19 career starts and earned $3,084,278.

Peace Rules won three Grade 1 races, including the Suburban this July at Belmont and the Blue Grass and Haskell Invitational at 3.

His other graded wins came in the Grade 2 New Orleans and Oaklawn Park handicaps earlier this year and the Grade 2 Louisiana Derby last year. At 2, Peace Rules won the Grade 3 Generous and the listed Hill Rise Stakes, both on turf.

Peace Rules finished third in the 2003 Kentucky Derby, beaten only two lengths by Funny Cide. He finished fourth in the Preakness and second behind Ten Most Wanted in the Travers. Peace Rules ended his 3-year-old season by finishing last as the favorite in the Breeders' Cup Mile.

In the last start of his career, Peace Rules finished sixth in the Grade 1 Whitney at Saratoga.