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The 149th running of the $2 million Preakness Stakes takes place Saturday at Pimlico Race Course in Baltimore. It is the 13th of 14 races scheduled at Pimlico that day.

Coverage of the early races will begin at 1:30 p.m. ET on CNBC and stream on Peacock, and Preakness coverage starts at 4:30 p.m. ET on NBC and Peacock. It will also be available at NBCSports.com and on the NBC Sports app.

Post time Saturday is 7:01 p.m. ET.

What is the Preakness?

The Preakness is a Grade I race for 3-year-old horses that was first run in 1873. It was named in honor of the horse Preakness, who won the Dinner Party Stakes at the opening of Pimlico in 1870.

The 1 3/16-mile race is the middle jewel of the Triple Crown, a series of races for 3-year-old colts and fillies run over five weeks. The Triple Crown begins with the Kentucky Derby on the first Saturday of May and concludes with the Belmont Stakes in June. The Preakness has been run in its traditional spot between the Kentucky Derby and Belmont Stakes since 1931, with 2020 as the only exception, when the races were run in the fall due to the COVID-19 pandemic.

There have been 13 Triple Crown winners since 1919, and 23 horses have swept the Kentucky Derby and Preakness but failed to win the Belmont Stakes.

What happened last year?

National Treasure took an early lead and never gave it back, finishing first by a head over Blazing Sevens. Kentucky Derby winner Mage was 2¼ lengths back for third. National Treasure, trained by Bob Baffert, went on to finish sixth in the Belmont Stakes. He is still in training and most recently finished fourth in the Saudi Cup in February. Blazing Sevens, trained by Chad Brown, also remains in training and won an allowance race at Aqueduct in April. Mage was retired to stud last year.

What’s the story this year?

Muth, trained by Baffert, has been installed as the 8-5 morning line favorite ahead of Kentucky Derby winner Mystik Dan, who is 8-2 on the morning line. If Muth is made the favorite by bettors when the race goes off, it will be the first time since 2012 that the Kentucky Derby winner is not favored in the Preakness.

That year, Bodemeister, also trained by Baffert, was installed as the betting favorite for both the Kentucky Derby and Preakness. I’ll Have Another held off Bodemeister in both races, but was retired after the Preakness due to an injury.

Muth is following a similar path to last year’s winner, National Treasure. Both skipped the Kentucky Derby due to Baffert’s ban from race tracks owned by Churchill Downs Inc. Baffert, who won the Triple Crown with American Pharoah and Justify, has not been allowed to run a horse in the Kentucky Derby since he won the race with Medina Spirit in 2021. The 2021 Kentucky Derby winner, who collapsed and died following a workout in California later that year, tested positive for betamethasone, a substance banned on race day.

Churchill Downs Inc. disqualified Medina Spirit and banned Baffert from running a horse at their race tracks for two years. That ban was recently extended through the 2024 year, despite Baffert’s attempts to fight it in court. Baffert was also banned from running at Belmont Park or any New York Racing Association tracks for a year, but that ban was reversed in court after the 2021 Belmont Stakes.

Baffert broke the record for most Preakness wins by a trainer with his eighth win last year and is going for No. 9 with Muth.

Who are the contenders and pretenders this year?

There will be nine horses running in the Preakness Stakes this year, and only three are continuing on from the Kentucky Derby (Mystik Dan, fourth-place finisher Catching Freedom and 17th-place finisher Just Steel).

Mugatu (20-1)

Mugatu is trained by Jeff Engler and will be ridden by jockey Joe Bravo. Mugatu has only one lifetime win after breaking his maiden at Gulfstream Park in November. His only Grade I effort was a fifth-place finish in the Toyota Blue Grass Stakes at Keeneland on April 6.

He is one of the most experienced horses in the race, with one win from 12 starts.

Uncle Heavy (20-1)

Uncle Heavy is a Pennsylvania-bred colt trained by Robert Reid Jr. and ridden by Irad Ortiz Jr. He won the Grade III Withers Stakes at Aqueduct on Feb. 3.

His last race was a fifth-place finish in the Grade II Wood Memorial at Aqueduct on April 6. According to the official race chart, Uncle Heavy broke slow and had to race three-wide on the first turn, five-wide on the second turn, bumped with another horse and finished fifth after racing seven-wide in the stretch.

Catching Freedom (6-1)

Catching Freedom is trained by Brad Cox and will be ridden by Flavien Prat. He won the Grade II Louisiana Derby on March 23 and closed to a fourth-place finish in the Kentucky Derby down the stretch.

Catching Freedom rallied from 11th place to first in the Louisiana Derby, beating Honor Marie and Preakness opponent Tuscan Gold.

Muth (8-5)

Muth, trained by Baffert and who will be ridden by Juan Hernandez, was installed as the morning line favorite for a reason. He has the most stakes wins of his competition, having won the Grade I Arkansas Derby and Grade I San Vicente Stakes as a 3-year-old and the Grade I American Pharoah Stakes as a 2-year-old. He also finished second in the Breeders’ Cup Juvenile in November.

Muth won the Arkansas Derby while dueling with Timberlake down the stretch, kicking clear over both Just Steel and Mystik Dan for a two-length win.

Mystik Dan (9-2)

Mystik Dan is trained by Ken McPeek and ridden by Brian Hernandez Jr. McPeek became the first trainer since 1952 to sweep both the Kentucky Derby and Kentucky Oaks this year after winning the Oaks with Thorpedo Anna. McPeek won the 2020 running of the Preakness with filly Swiss Skydiver.

McPeek was initially unsure of moving on to the Preakness with Mystik Dan due to the two-week turnaround. Mystik Dan did not handle a short rest well as a 2-year-old, breaking his maiden at Churchill Downs on Nov. 12 but then finishing fifth in an allowance race at the track two weeks later.

Mystik Dan has had at least a month between races since then, winning the Southwest Stakes on Feb. 3, finishing third in the Arkansas Derby on March 30 and then winning the Kentucky Derby on May 4.

Seize the Grey (15-1)

Seize the Grey is trained by D. Wayne Lukas and ridden by Jaime Torres. His 88-year-old trainer has won the Kentucky Derby four times, the Preakness six times and the Belmont Stakes four times. His most recent Preakness win came with Oxbow in 2013.

Seize the Grey won the Grade II Pat Day Mile on the Kentucky Derby undercard, which is his most significant win out of nine lifetime starts. He also finished third in the Grade III Jeff Ruby Steaks on March 23 and seventh in the Blue Grass Stakes on April 6.

Just Steel (15-1)

Just Steel is the other Lukas trainee and will be ridden by Joel Rosario. Like Mugatu, he has more experience than most horses in the race, with 12 lifetime starts and five wins.

Just Steel finished 17th in the Kentucky Derby after fading a mile into the race.

He has hit the board in two graded stakes races, finishing second in the Arkansas Derby and second in the Grade III Southwest Stakes behind Mystik Dan.

Tuscan Gold (8-1)

Tuscan Gold is trained by Chad Brown and will be ridden by Tyler Gaffalione. Gaffalione switches mounts after a controversial finish on Sierra Leone in the Kentucky Derby. Sierra Leone finished second in a photo finish after making contact with third-place finisher Forever Young, but neither jockey contested the finish after the conclusion of the race. Gaffalione was later fined $2,500 by stewards for his ride.

He is the least experienced horse in the race, with one win from three lifetime starts. He has raced only once as a 3-year-old, finishing third in the Louisiana Derby on March 23 behind Catching Freedom and Honor Marie.

Imagination (6-1)

Imagination is the second of two entrants trained by Baffert and will be ridden by Frankie Dettori.

Imagination has not raced since a second-place finish in the Santa Anita Derby on April 6. He won the Grade II San Felipe Stakes against three other horses at Santa Anita Park on March 3.


Weather forecast

There is a 35% chance of thunderstorms Saturday , according to Accuweather. The Preakness was last run on a sloppy track when Justify won in 2018 and was also run on sloppy tracks in 2015 (American Pharoah) and 2016 (Exaggerator).

The last time the Preakness was run on a sloppy track was 2017, when Justify won the second leg of the Triple Crown. American Pharoah (2015) and Exaggerator (2016) also won the Preakness on sloppy tracks.


Betting strategy

Horses close to the pace generally run well in the Preakness, and National Treasure fit that profile last year after cruising to an early lead and holding it. Early Voting was also close to the pace when he won the 2022 running.

That’s one reason it could be Muth’s race to lose, but his history against several of his opponents and the amount of rest he has gotten are question marks.

Muth won’t bring a great price based on his morning line odds, but neither will Mystik Dan, who didn’t rebound well the last time he was off short rest.

Uncle Heavy is one of the more interesting long shots after a troubled trip in his last race. His win in the Withers Stakes came on a muddy, sealed track after he closed down the stretch to win by a nose. If the track is wet, consider him in bets.

Imagination might not be as good as his stablemate, Muth, but he has never been worse than second in any of his six lifetime starts and has to be considered. He’ll likely be near the front, like his stablemate.

Terrell’s picks for the Preakness

Win: Muth
Exacta: Muth over Imagination
Trifecta: Muth over Imagination, Mystik Dan and Uncle Heavy in third

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Sources: Pirates get Rays’ Lowe in 3-team trade

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Sources: Pirates get Rays' Lowe in 3-team trade

The offense-starved Pittsburgh Pirates finally made an aggressive offseason move, agreeing to acquire two-time All-Star second baseman Brandon Lowe from the Tampa Bay Rays as part of a three-team trade that also includes the Houston Astros, sources told ESPN, confirming multiple reports.

The Rays will send Lowe, left-hander Mason Montgomery and outfielder Jake Mangum to Pittsburgh. The Pirates will deal right-handed pitcher Mike Burrows to Houston. Tampa Bay is acquiring a pair of prospects from Houston as part of the deal.

Lowe, an All-Star in 2019 and 2025, gives the Pirates a veteran bat for a lineup in desperate need of some pop to support a promising young pitching staff led by National League Cy Young Award winner Paul Skenes.

Left-handed Lowe hit .256 with 31 home runs and 83 RBIs for Tampa Bay last season and now heads to PNC Park, where the 21-foot-high Clemente Wall in right field could be a tantalizing target.

The move is an unusually aggressive one for the Pirates, who have been reticent to acquire much in the way of salary in recent years. Lowe, 31, is scheduled to make $11.5 million in 2026 and can become a free agent after the World Series.

Pittsburgh was said to be pursuing slugger Kyle Schwarber, who opted to stay in Philadelphia. The Pirates did trade for outfield prospect Jhostynxon Garcia, who hit 18 homers in Triple-A in the Red Sox organization in 2025.

Adding Lowe, however, is the kind of splashy move that shows the team is committed — in 2026, at least — to upgrading an offense that was at or near the bottom of the majors in nearly every major category, including runs and home runs.

Burrows, 26, went 2-4 with a 3.94 ERA for the Pirates last season. He might have been the odd man out in a starting rotation projected to include Skenes, Bubba Chandler and Mitch Keller next season.

Left-handed Montgomery will have a chance to carve out a spot in a Pittsburgh bullpen that includes closer Dennis Santana and veteran left-hander Gregory Soto. Montgomery went 1-3 with a 5.67 ERA in 57 games last season for the Rays.

Mangum, 29, hit .296 and stole 27 bases in 118 games for Tampa Bay during his rookie season.

Outfielder Jacob Melton and right-hander Anderson Brito are going from Houston to the Rays in the trade. Melton, 24, hit .157 during his debut with Houston last season but batted a solid .286 at Triple-A Sugar Land before his call-up. Brito, 21, had a sub-4.00 ERA while playing in the low minors last season.

The Associated Press contributed to this report.

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O’s get P Baz from Rays in rare intra-division deal

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O's get P Baz from Rays in rare intra-division deal

The Baltimore Orioles acquired right-hander Shane Baz in a trade with the Tampa Bay Rays on Friday, sending a four-prospect package and a draft pick in a rare intradivision deal.

Following a search all winter for starting pitching, the Orioles targeted Baz and paid a heavy price, giving up outfielder Slater de Brun and catcher Caden Bodine — both first-round picks this year — breakout right-hander Michael Forret, outfielder Austin Overn and a competitive-balance Round A pick that comes with more than $2.5 million in slot money, sources said.

In Baz, the Orioles landed a 26-year-old coming off his best major league season. Over 166⅓ innings, Baz struck out 176, walked 64 and posted a 4.87 ERA. With just shy of four years of major league service, Baz will not be a free agent until after the 2028 season.

The Rays, who are also finalizing three-way deal in which they would send second baseman Brandon Lowe to the Pittsburgh Pirates and receive outfielder Jacob Melton and right-hander Anderson Brito from Pittsburgh, are replenishing a farm system as they try to navigate an increasingly competitive American League East.

Bodine and De Brun are the headliners of the return package from Baltimore. Bodine was chosen with the 30th pick in the draft out of Coastal Carolina, where he was touted for his strong defense and superior swing decisions. After signing, he played 11 games in Low-A, where he hit .326/.408/.349. Seven picks later, Baltimore took De Brun, a toolsy, talented outfielder whose size — he is listed at 5-foot-10 and 187 pounds — belies a well-rounded offensive game.

Forret, a 14th-round pick in 2023 out of junior college in Florida, put up a 1.58 ERA between High-A and Double-A this year, striking out 91 and walking 21 in 74 innings. At 6-foot-3, Forret features a wide arsenal of pitches and could hit the big leagues by 2027.

Overn, 22, was a third-round pick in 2024 who has track-star speed and stole 64 bases between High-A and Double-A this year, batting .249/.355/.399 with 13 home runs and 43 RBIs.

The Orioles have been the busiest team in baseball this winter, signing first baseman Pete Alonso and closer Ryan Helsley, trading for left fielder Taylor Ward and reliever Andrew Kittredge, and now adding Baz to a rotation that includes left-hander Trevor Rogers, right-handers Kyle Bradish and Dean Kremer, and some combination of Tyler Wells and Cade Povich for the fifth spot.

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Angels, Skaggs family settle while case with jury

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Angels, Skaggs family settle while case with jury

SANTA ANA, Calif. — The Los Angeles Angels agreed Friday to a last-minute settlement with the family of deceased pitcher Tyler Skaggs after jurors, deliberating for more than two days, sent queries that suggested the verdict might go in the family’s favor.

The amount and terms of the settlement — ending a yearslong battle over culpability in Skaggs’ death — were not immediately disclosed. The Skaggs family had been seeking $118 million in potential lost earnings plus added damages.

“The Skaggs family has reached a confidential settlement with Angels Baseball that brings to a close a difficult six-year process, allowing our families to focus on healing,” the family said in a statement. “We are deeply grateful to the members of this jury, and to our legal team. Their engagement and focus gave us faith, and now we have finality. This trial exposed the truth and we hope Major League Baseball will now do its part in holding the Angels accountable. While nothing can bring Tyler back, we will continue to honor his memory.”

Skaggs’ family sued the Angels after Tyler Skaggs died in 2019 after an Angels employee, Eric Kay, gave him a fentanyl-laced pill that killed him. Kay is serving a 22-year federal prison sentence for his role in Skaggs’ death. If Kay hadn’t provided that pill, jurors were instructed, Skaggs would not have died that night.

Lawyers for the Skaggs family and the Angels were in discussions Friday morning both outside the courtroom and privately in front of Judge H. Shaina Colover as the jury began its third day of deliberations. Settlement talks picked up in earnest Thursday, according to a source.

On Wednesday, the jury asked questions about the testimony of the five wage experts and about whether the jury would also be allowed to award punitive damages. Throughout the trial, the jury heard baseball wage experts testify that Skaggs’ lost career wages ranged from $21 million to nearly $125 million.

Jurors sat through 31 days of courtroom drama, which included testimony and depositions from 44 witnesses and arguments from attorneys. They viewed 312 exhibits.

The jury instructions required answers of up to 26 questions that varied from easy-to-answer stipulations of fact to more complicated assessments of negligence or culpability. Nine of 12 jurors had to agree on each question — but not necessarily the same nine jurors.

In the end, the jury did not get to render a verdict or assign “percentages of responsibility” among Skaggs, Kay and the Angels.

Angels lead attorney Todd Theodora argued it was “undisputed in this case that Eric was doing this on his own” and that the Angels were unaware Kay was distributing pills.

Plaintiffs attorney Daniel Dutko argued that the Angels knew of Kay’s drug problem, pointing to a Drug Enforcement Agency interview with Kay after Skaggs’ death that stated Kay had told his superior in 2017 that he and Skaggs were doing drugs.

The Skaggs family argued the Angels did nothing to prevent or monitor Kay’s drug abuse and did not discipline or terminate him. By doing so, the family said, the team put Skaggs in harm’s way.

“We’ve spent two months in trial,” Dutko said during his closing argument. “At any point have the Angels taken any responsibility?”

The Angels claimed they were not aware of Skaggs’ drug addiction and that he concealed it from the team. Theodora said the club signed Skaggs “under false pretenses” because he did not disclose his prior addiction to Percocet and that not even his wife knew about his previous addiction.

Angels attorneys said Kay was not operating in the scope of his employment when he provided pills to Skaggs and other players and that team officials were unaware of Kay’s illicit drug activity. The Angels argued it was Skaggs’ reckless decisions that led to his death.

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