As far as getting horses ready for the Derby, he's as good as they come. He's done a magnificent job with Bob and John.

What we've got to do is educate the union. Right now, what they're asking is just totally unrealistic. They need to get realistic about debt revenue and not gross revenue. That's where the big disconnect is.

Our focus should be to eliminate the need for any financial subsidies. How do we get the lower-revenue teams up to the point where there's no issue of revenue sharing because there's no need for it? How do we develop best practices so that we all, each of the 32 clubs, learn from each other?

No one is completely satisfied with the arrangement. But we all felt we could live with it.