Famed horse trainer Bob Baffert suspended by New York racing officials

The big picture: The suspension comes amidst a horse racing scandal after one of Baffert's horses — this year's winner of the Kentucky Derby, Medina Spirit — failed a post-race drug test.

• Though the ultimate cause of Medina Spirit's failed test is still being investigated, last week Baffert admitted that the thoroughbred was being treated with an anti-fungal ointment that contained the steroid found in the test.

Of note: NYRA noted in the statement that the decision to suspend Baffert isn't just about the recent scandal, but also due to the fact that Baffert has a history of his horses failing drug tests.

• Five of Baffert's horses have failed drug tests in just over the last year, and in total, 30 of his horses have failed tests over the past four decades, per the New York Times.

What they're saying: “In order to maintain a successful thoroughbred racing industry in New York, NYRA must protect the integrity of the sport for our fans, the betting public and racing participants,” Dave O’Rourke, NYRA president and CEO, said in the statement.

• "That responsibility demands the action taken today in the best interests of thoroughbred racing.”