There will be a full hearing, this is not over. Yes the horse had Betamethasone in his system, unfortunately but this was not administered as a performance enhancer. 
He ran the race of his life and may lose the title of Derby winner.

I do believe we will see this gutsy horse winning Grade 1’s yet this year and beating the same horses. 

I love the heart of this horse! But Baffert’s mismanagement of his care should be acknowledged and punished some way, he has gotten away with this before. I always feel bad for the horse, he didn’t do this to himself.

Agree!

Exactly, just like Maximum Security who always did his very best.

Well I expect a huge lawsuit over this! This punishment is over the top just as Holendorfer’s in CA is. 
 

Horse Racing News | Paulick Report

'Reckless Practices,' 'Repeated Failures': Churchill Downs Suspends Bob Baffert For Two Years - Horse Racing News | Paulick Report

Churchill Downs Incorporated ("CDI") announced Wednesday the suspension of Bob Baffert for two years effective immediately through the conclusion of the 2023 Spring Meet at Churchill Downs Racetrack. The suspension prohibits Baffert, or any trainer directly or indirectly employed by Bob Baffert Racing Stables, from entering horses in races or applying for stall occupancy at [...]

Read more from Horse Racing News | Paulick Report

I’m sure they’ll try, but CDI is asserting its own rules for accountability.

This from DRF article on being able to ban

The prohibition, which will prevent Baffert from running in the Derby until at least 2024, is being enacted under the company’s power of exclusion, a right given to private businesses so long as the bans do not violate protected rights, such as age, sex, or race. Racing licensees have challenged such bans in the past in civil courts with a mixed record of success.

https://www.drf.com/news/cdi-bans-baffert-two-years

I wonder what that Hollendorfer thing was all about, we never heard. I know some owners moved horses, and he’s racing everywhere except CA. Maybe an issue with CA board?

The HISA  statement on this incident

https://news.yahoo.com/horse-racing-chief-calls-sports-211017934.html

I’m not looking forward to the telecast now that the split sample has shown positive...

Yes the punisment is way over the top!