The Tony McEvoy-trained Big Memory has received a 2kg penalty for the Melbourne Cup after winning last Saturday’s Herbert Power.

Big Memory became exempt from the Caulfield Cup ballot after last Saturday’s Herbert Power Stakes success.

The French import will then head toward the Melbourne Cup however even after last Saturday’s win, is still only on the cusp of berth in the race that stops a nation.

Racing Victoria’s Chief Handicapper Greg Carpenter gave the Duke Of Marmalade gelding a 2kg penalty.

Following the penalty, Big Memory would carry 52.5kg if he were to gain a start in the Melbourne Cup.

He has moved up to 37th in the Melbourne Cup order of entry.

Big Memory is quoted at $17 for the Caulfield Cup (2400m) with TAB Sportsbet Fixed Odds.

Lucia Valentina holds favouritism at $5.00.