Louisville, Kentucky - The dual Kentucky Derby/Preakness champion will stand at Abramovich's Gazprom Stables dubbed bluegrass country's most famous equine stud.
Announcing the reported $50m deal co-owners Steve Coburn and Perry Martin said the awesome three year-old chestnut would run his last race in their colors at this year's Breeders Cup.
In return for the stonking paycheck Coburn and Martin are also reported to be getting one 'nomination' apiece.
This means their broodmares Hot Lily and ChilliBillieSue are in the frame to mate with the champ in a syndication charging everyone else two million dollars per cover.
Reports from Churchill Downs this weekend indicate Abramovich has already sold the stallion's full book of 40 stud nominations earning an instant profit of $26m.
Commenting on the transaction internet bookies Aintgottaprayer.con said today they were cutting California Chrome's Breeders Cup odds to 5/4ON, despite the prospect of Abramovich's toxic gnatspissgreen 'n' yellow silks being worn by the winning jockey.
A quick bunk-up with stud stallion Cigar will set you back a bargain $100,000.