N.Y. Racing Assn. might shut down

The New York Racing Assn. is running out of money and might have to shut down in less than three weeks, the day after the Belmont Stakes.

One leading horseman described the situation as “catastrophic” and said that even Saratoga — the jewel of New York racing — could be threatened by the turmoil.

NYRA President and Chief Executive Charlie Hayward said Monday that cash problems must be resolved with the state “to make it through the entire Belmont Park race meet.”

He did not give a timetable for a possible closing, but several horsemen said racing could be halted June 6 — a day after the Belmont is run without any star power since Kentucky Derby winner Super Saver and Preakness winner Lookin At Lucky are bypassing the Triple Crown’s final leg.

Ron Charles, the president of Santa Anita, has resigned. An official announcement is expected Tuesday from MI Developments, the owner of the Arcadia track.

His resignation comes days before an important meeting Thursday of the California Horse Racing Board in which a discussion of the Oak Tree Racing Assn.’s fall meeting will be on the agenda. Santa Anita voided a lease with Oak Tree last week.

—Eric Sondheimer

GOLF

Woods plans to play in British Open

Tiger Woods has added the British Open to his summer schedule.

Woods has a chance to become the first player in the 150-year history of the tournament to win three times at St. Andrews, where golf’s oldest championship will be held from July 15-18.

He added the British Open to the schedule on his website Monday.

Woods also has the U.S. Open at Pebble Beach and the AT&T National at Aronimink on his schedule.

The world golf ranking does not have Vijay Singh among the top 50 for the first time in nearly 18 years.

Singh slipped to No. 51 in the world ranking published Monday after he failed to qualify for the final 36 holes at the Texas Open.

The last time Singh was ranked out of the top 50 was Aug. 16, 1992. Singh is the only other player besides Woods to be No. 1 in the world during the last decade.

COLLEGE FOOTBALL

Report: Kiffin earns $4 million a year

HBO’s “Real Sports with Bryant Gumbel,” which begins airing a piece about USC Coach Lane Kiffin on Tuesday, reports that Kiffin is earning $4 million a year, and his father, Monte, the Trojans’ assistant head coach for defense, “around” $2 million. No source is cited for those figures.

USC, as a private institution, is not required to publicly report coaches’ salaries. An athletic department spokesman declined to comment.

Former Trojans coach Pete Carroll reportedly earned $4.4 million in total compensation during the 2006-07 fiscal year.

—Gary Klein

ETC.

USOC paid Streeter about $1 million

In less than a year, Stephanie Streeter earned about $1 million as acting chief executive of the U.S. Olympic Committee, according to tax reports filed by the federation.

The annual report recorded Streeter’s compensation as $1.006 million for 2009, which included $960,000 in salary and bonuses and $46,000 in benefits. The man she replaced, Jim Scherr, received $801,000, though that included a year of severance pay after he resigned in March 2009.

Streeter took Scherr’s place, then in October announced she would not seek the job on a permanent basis.

Rain washed out the third day of practice for the Indianapolis 500.

The official announcement came 21/2 hours after cars were supposed to take the track1/2 hours before practice was scheduled to end.