"Grade 1 races for 2-year-olds made more sense when 2-year-old racing played a more prominent role, and when more juvenile Grade 1 winners went on to excel at 3 and beyond. As things stand today, having 2-year-old races make up 13 percent of the Grade 1 schedule -- when only eight percent of the total races run are for 2-year-olds -- exaggerates this division’s importance. Assigning Grade 1 ratings to races that don’t warrant them only cheapens the entire graded system."