Madison Square Garden Sports enters new employment agreement with Executive Chairman James Dolan

Madison Square Garden Sports Corp.

Base salary of at least $1.25M; target annual bonus of 200% of base salary.
Long-term incentive target of at least $6.15M annually starting FY2022; FY2022 mid-year grant of $2.55M.
Severance on qualifying termination before June 30, 2024 equals at least 2x (base + target bonus), plus accelerated vesting.
Agreement acknowledges Dolan's concurrent role at Madison Square Garden Entertainment Corp. (MSGE) and permits conflicts under Overlap Policy.
Non-compete covenant extends one year post-termination; agreement effective retroactive to April 17, 2021.

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