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O'Neill has been under intense scrutiny throughout the Triple Crown series because of his history of medication violations.
But he was never accused of doing anything illegal to I'll Have Another, and the colt, along with the other 11 Belmont Stakes entries, all came back negative in testing done Wednesday by the state board.
O'Neill said I'll Have Another was being retired because he developed swelling in his left front tendon that was the beginning of tendinitis.
"This is extremely tough for all of us. It's far from tragic but it's extremely disappointing," he said.
O'Neill's brother, Dennis, said it was hard to tell anything was wrong just by looking at the horse.
"He looks great. He's sound. He went great this morning. He looks super (but) you just can't take a chance," he said. "He's too valuable of a horse and we love him to death like all of them. You wouldn't run a horse if you think something might happen."
Doug O'Neill said he first noticed something might be wrong with the colt Thursday, hours after his usual morning gallop.
"We prayed he kind of hit himself and that it was a little bit of skin irritation," he said as I'll Have Another grazed in the grass behind him.
O'Neill had called an audible Friday and taken his horse out to gallop at 5:30 a.m., three hours earlier than he had been working out in the days leading up to the race. He wanted to avoid the congestion created by all the Belmont horses going to the track at the same time.
"I thought he looked great on the track," he said, "and then cooling out, you could tell that swelling was back, and at that point I didn't feel very good."
A veterinarian confirmed the diagnosis and suggested that O'Neill give the colt three to six months off before resuming training. But O'Neill said he and his brother, along with Reddam and his wife, were unanimous in deciding to retire the colt, who had won four consecutive Grade 1 races, starting with the Santa Anita Derby in April.
"I really thought he was going to run off tomorrow and really show something," Reddam said. "So we were all a bit shocked, but we have to do what's best for the horse."
[Associated Press;
Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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