---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-151354"
form_type: "8-K"
ticker: "MSGS"
cik: "0001636519"
company_name: "Madison Square Garden Sports Corp."
filed_at: "2025-06-27T23:59:59+00:00"
generated_at: "2026-05-18T15:55:19.438473+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-25-151354
- form_type: 8-K
- ticker: MSGS
- cik: 0001636519
- company_name: Madison Square Garden Sports Corp.
- filed_at: 2025-06-27T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1636519/000119312525151354/0001193125-25-151354-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1636519/000119312525151354/d88170d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-151354
- JSON: https://secwatch.observer/filing/0001193125-25-151354.json
- Plain text: https://secwatch.observer/filing/0001193125-25-151354.txt

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