Knicks, Rangers amend media rights deals with MSG Networks; fees cut 28% and 18%

Madison Square Garden Sports Corp.

Knicks media rights fee reduced 28%; Rangers fee cut 18%; both eliminate annual escalator.
Contracts now expire after 2028-29 season, with right of first refusal for MSG Networks.
MSG Networks issued penny warrants to MSGS for 19.9% of MSG Networks equity.
Amendments effective January 1, 2025; part of MSG Networks debt work-out process.

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