Crossword Genius

What's left of IOM biking event banning one ton? (6)

Ross

I believe the answer is:

traces

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

'what's left of iom biking' is the definition.
I can't tell whether this definition defines the answer.

'event banning one ton?' is the wordplay.
I cannot really see how this works, but
'event' could be 'race' (race is a kind of event) and 'race' is present in the answer.
'ton?' could be 't' (abbreviation) and 't' is found within the answer.
A single letter 's' remains which might be clued in a way I don't understand.
This explanation may well be incorrect...

Can you help me to learn more?

(Other definitions for traces that I've seen before include "Slight indications on parts of the harness" , "Just detectable amounts" , "Finds; small quantities" , "Tracks down or outlines" , "Finds; signs" .)

I've seen this clue in The Independent.
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