Complex sentence: Held in late September, the Bay Meadows Breeders' Cup Handicap is currently an ungraded stakes event for 3-year-olds and up it is raced on turf at a distance of 1 1/8-miles with a purse of $150,000.
Split into simpler sentences: Held in late September, the Bay Meadows Breeders' Cup Handicap is currently an ungraded stakes event for 3-year-olds and up. The Bay Meadows is raced on turf at a distance of 1 1/8-miles with a purse of $150,000.