His 2013 stud fee will be $1,000.
Understatement earned a Beyer Speed Figure of 115 for his victory in the 2010 Evening Attire Stakes at Aqueduct Racetrack. He also won that year's Stymie Stakes and placed third in the 2011 Excelsior Stakes (gr. III), both races also at Aqueduct.
Out of the Capote mare Emotional Outburst, Understatement is a half brother to Roar Emotion, a filly that won the 2003 Black-Eyed Susan Stakes (gr. II).