Junior Alvarado, who rode Sovereignty to victory in last weekend's Kentucky Derby, has been fined $62,000 and suspended two racing days for striking the horse more times than is allowed, horse racing authorities said on Saturday.

Jockey Junior Alvarado is considering appealing a fine and suspension for using his whip eight times on Sovereignty in winning the Kentucky Derby

Junior Alvarado, who rode Sovereignty to victory at the Kentucky Derby earlier this month, has been fined and suspended for the overuse of his whip during the race.