Do not expect a Triple Crown winner to race past the Belmont Stakes (G1), said Eclipse Award-winning trainer Todd Pletcher and Hollywood Park Racing Secretary Martin Panza said Tuesday during the University of Arizona Race Track Industry Program's Symposium on Racing and Gaming.

"It'd be great to see a Triple Crown winner, but he wouldn't run after unless he were a gelding," Pletcher said Tuesday during the "Conditions and Conditioners" panel. "That's just the way it is."

"If a horse won the Triple Crown, then how could an owner run him again? He'd be offered $150-million the next day," Panza said. "Why would you run? You can't put a salary cap on the Keeneland sale. There's more money there."

Pletcher said that 2005 Travers Stakes (G1) winner and Breeders' Cup

Classic Powered by Dodge (G1) runner-up Flower Alley lost about 50% of his value when he returned at four and only won the Salvatore Mile Stakes (G3) before finishing unplaced in three Grade 1 races.

"[Flower Alley's owner] Eugene Melnyk is a sportsman and wanted to keep his horse in training, but it didn't work out," Pletcher said. "Flower Alley was worth between $12-million and $14-million after the Breeders' Cup last year, and he was only worth between $6-million and $8-million this year."

Flower Alley will enter stud next year at Three Chimneys, which also stands 2000 Breeders' Cup Mile (G1) winner War Chant. Panza said that trainer Neil Drysdale wanted to run War Chant after the Breeders' Cup in the Hollywood Derby (G1).

"The farm told him no because it would not increase [War Chant's] value if he won," Panza said.

"I know we want to see more starts out of our stars, but I won't tell owners what to do with their horses," Pletcher said. "If they're in a so-called home run situation, then you can't blame them for wanting to make money."

Another aspect of the industry that gets related back to breeders is that most horses make fewer starts at all levels of the sport, but Pletcher was hesitant to attribute that statistic to fragility.

"Horses consistently perform better with more time between races," Pletcher said. "It seemed like a big deal when Invasor (Arg) missed the Jockey Club Gold Cup (G1), but you could argue that he wouldn't have won the Breeders' Cup [Classic] if he had run too hard in the Gold Cup. There's a perceived fragility issue, but I just think horses run harder now than before to win races."