Inaugurated as the Miami Breeders' Cup Handicap in 1987, it has been raced at various distances:
About 1+1⁄8 miles: 1987–1989, 1992–1993
1+1⁄8 miles : 1990–1991, 1994–1996
1 mile : 1997–present
The race was run on dirt in 1990 and 1991. In 2003, the race also had to be shifted from the turf to the dirt due to weather considerations but maintained its Grade III status.