payout-meeting

NCHA Payout Task Force Meeting Well Attended

payout-meetingMore than 350 people participated either in person or online as the NCHA Payout Task Force presented its findings on Jan. 15. • Photo by Stacy PigottApproximately 100 people attended a meeting of the National Cutting Horse Association (NCHA) Payout Task Force on Friday, Jan. 15, at the Fort Worth Convention Center in Fort Worth, Texas, with another 262 tuning in via a live webcast provided by the NCHA. The meeting was originally planned to update various NCHA committees on the work being done by the Payout Task Force with regard to purses and the payout structures at the NCHA’s three Triple Crown events – the NCHA Super Stakes, NCHA Summer Cutting Spectacular and NCHA Futurity.

“[The Payout Task Force] was appointed at the November [NCHA] Executive Committee meeting,” said Jim Bret Campbell, executive director of the NCHA. “Their goal was to take a holistic look at the payouts and see, if you adjust any variable, how does that impact the total purse? There were several hundred hours of analysis and research on past payouts, data, previous rules and then physically building the spreadsheets that enable us to look at all of those variables.”

Lach Perks was chairman of the Payout Task Force, which also included Tommy Neal, Terry Strange, Campbell and NCHA Treasurer Angie Highland. Their objectives were:

  1. Create simple, clear and consistent rules for NCHA events to increase understanding and transparency to payouts and awards.
  2. Make the payout system auditable, either internally or by third party to insure accountability to membership.
  3. Eliminate guaranteed payouts to manage financial risk more effectively.
  4. Minimize the use of top loads and eliminate bottom loads to aid both consistency and ease of understanding of the payouts.
  5. Retain philosophy to pay competitors as strong and as deep as practical.
  6. If there is a semifinals, target one times the entry fee as the minimum payout wherever practical.
  7. Keep NCHA events as the best value cutting in the industry based on entry fee versus payout potential, using the Breeder’s Invitational, Pacific Coast Cutting Horse Association Futurity and Abilene Spectacular as benchmarks).
  8. Eliminate Wildcard rounds to save on horses’ wear-and-tear and event timing and costs.
  9. Retain current levels of profit from NCHA shows equivalent to: Futurity $1,000,000; Super Stakes $600,000; and the Summer Cutting $400,000, unless the organization can replace this profit with alternative sources.

After many members expressed concerns on social media about declining Triple Crown purses, NCHA leadership opted to open the meeting to the public.

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