---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-21-370645"
form_type: "8-K"
ticker: "MSGS"
cik: "0001636519"
company_name: "Madison Square Garden Sports Corp."
filed_at: "2021-12-30T23:59:59+00:00"
generated_at: "2026-06-27T21:41:01.697176+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-21-370645
- form_type: 8-K
- ticker: MSGS
- cik: 0001636519
- company_name: Madison Square Garden Sports Corp.
- filed_at: 2021-12-30T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1636519/000119312521370645/0001193125-21-370645-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1636519/000119312521370645/d232425d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-21-370645
- JSON: https://secwatch.observer/filing/0001193125-21-370645.json
- Plain text: https://secwatch.observer/filing/0001193125-21-370645.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.