The Wantabadgery wonder, Tye Angland, will be recognised with a medal named in his honour at the Wagga Gold Cup carnival.
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Murrumbidgee Turf Club (MTC) will award the Tye Angland Medal to the leading jockey over the two big days of the carnival.
Angland's career was tragically cut short in November when he was left a quadriplegic after a race fall at Sha Tin in Hong Kong.
After he was cleared of neurological damage in Hong Kong, he was airlifted to Royal North Shore Hospital in Sydney where he spent about a month.
It's a celebration of Tye's career and everything he has achieved and we want that to be prolonged in the coming years. We look forward to seeing it grow.
- Steve Keene, MTC chief executive
The 29-year-old grew up in Wantabadgery and attended school in Wagga before pursuing a career as a jockey in Sydney.
He returned home to win last year's Wagga Gold Cup on the Chris Waller-trained Life Less Ordinary.
It was a win he described at the time as 'up there' with one of his most satisfying victories.
"It's just something I thought would be a nice thing for the club to do for the family, being locals, it would be something very worthwhile doing," MTC chief executive Steve Keene said.
"It's a celebration of Tye's career and everything he has achieved and we want that to be prolonged in the coming years. We look forward to seeing it grow.
"Not only have we got the $810,000 worth of prize money and then all of a sudden you have this on top and there's the incentive of winning what we think will become a prestigious award moving forward."
Top Sydney jockeys Tommy Berry and Tim Clark have already confirmed their attendance at the carnival to chase the inaugural Tye Angland Medal.
It will be presented to the leading jockey over Town Plate and Gold Cup days, with the point scoring to work like the jockey's challenge with three, two and one points awarded to placegetters in each race.
The William Farrer Hotel has come on board as the medal's sponsor and $1000 will go to the winning jockey.
Another $4000 will be donated to Angland.
His wife Erin said the new medal means a great deal to their family.
"Tye has been overwhelmed by the support he has received," she said.
"To have this initiative in his honour, Tye is humbled and proud.
"Having grown up in the Riverina district, the two day race carnival will always hold a special place for Tye."