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Smarty Jones , who nearly made off with last year's Triple Crown, is on the way to paying back part of his multi-million dollar syndicated price tag. Valued at $39 million, last year's champion and dual classic winner has begun covering mares at Robert N. Clay's Three Chimneys Farm near Midway, Ky."He's happy and doing well. He's very professional, and we're excited about it," said farm president Dan Rosenberg.Smarty Jones, winner of the Kentucky Derby (gr. I) and Preakness Stakes (gr. I) and second in the Belmont Stakes (gr. I) for Roy and Pat Chapman's Someday Farm, was named champion 3-year-old male and was runner-up in Horse of the Year balloting. The 4-year-old son of Elusive Quality out of the Smile mare I'll Get Along boasts the highest fee for an incoming stallion this year, $100,000.
