Horse named after Tahoe landmark, co-owned by local businessman rises to top

In a photo provided by Benoit Photo, Cave Rock and jockey Juan Hernandez win the Grade I, $300,000 American Pharoah Stakes horse race Saturday, Oct. 8, at Santa Anita in Arcadia, Calif.
Benoit Photo via AP

SOUTH LAKE TAHOE, Calif. — A horse named after a famous Lake Tahoe landmark and co-owned by a local businessman has risen to the top in California.

Cave Rock, co-owned by Carson Valley Inn owner Mike Pegram and trained by Bob Baffert, romped to his third straight victory, and second in a Grade 1 race, winning the $300,000 American Pharoah Stakes by 5 1/4 lengths on Saturday at Santa Anita.

Cave Rock, the 2-year-old son of Arrogate who won the 2016 BC Classic and Pegasus World Cup and Dubai World Cup in 2017, will likely be the favorite next month at the Breeder’s Cup in Kentucky.

Baffert will be allowed to enter horses in the two-day world championships because the Lexington track is not owned by Churchill Downs Inc., which has banned him from its tracks for two years for repeated medication violations.

Baffert is suing the home of the Kentucky Derby in an effort to reverse the ban, which kept him out of this year’s Derby and is set to bar him again in 2023.

Although Baffert isn’t looking past the Breeders’ Cup, Pegram let his mind wander to the first Saturday in May.

“I hope we have this much fun come springtime,” Pegram said, alluding to the Kentucky Derby. “You always think about that, but we got to hope he comes back healthy.”

Ridden by Juan Hernandez, Cave Rock led all the way in running 1 1/16 miles in 1:43.05. Sent off as the 2-5 favorite, the dark bay colt paid $2.80, $2.20 and $2.10.

“He’s a powerful horse, he’s tough and he’s quick,” Baffert said. “He looks like a 3-year-old.”

Baffert saddled half of the eight-horse field, with his entries finishing in 1-2-3-4 order. It was his 11th victory in the race named for his 2015 Triple Crown winner.

“I can’t remember running one, two, three, four ever,” he said.

National Treasure returned $5.60 and $3.20. Hejazi was another 3 1/2 lengths back in third and paid $2.40 to show. Gandolfini was fourth.

“Every time I’ve had a sire, I always try to find the best one by that sire and he was the best one that we found,” Baffert said about Cave Rock. “I’ve been lucky that way.”

Cave Rock was coming off a 5 1/4-length win in the Grade 1 Del Mar Futurity last month. He won his career debut by six lengths in August at Del Mar.

The colt was bought for $550,000 as a yearling and is owned by longtime Baffert clients Pegram, Karl Watson and Paul Weitman. Pegram said Cave Rock is named for a landmark on Lake Tahoe’s East Shore.

“You look at him, you see him travel on the track, I mean he’s everything a guy would want,” Pegram said. “There’s a whole lot of running to do. It’s still too early, but two Grade 1s, we’ll take it.”

The Associated Press contributed to this report.

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