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Makes fresh deposit during running events (6)

Ross

I believe the answer is:

relays

I'm a little stuck... Click here to teach me more about this clue!

'running events' is the definition.
The definition and answer can be both acts as well as being plural nouns.
Maybe they are linked in a way I don't understand?

'makes fresh deposit during' is the wordplay.
'makes fresh' becomes 'res' (I can't explain this - if you can you should believe this answer much more).
'deposit' becomes 'lay' (deposit can mean to lay down or place).
'during' is an insertion indicator.
'res' enclosing 'lay' is 'RELAYS'.

Can you help me to learn more?

(Other definitions for relays that I've seen before include "Races where a baton is passed from one to another" , "Foot races in which batons are passed" , "Rebroadcasts" , "Passes on in multi-runner races" , "Races featuring running teams and baton passing" .)

I've seen this clue in the Sydney Morning Herald.
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