Madison Square Garden Sports (MSGS) executive compensation, 2025 proxy

James L. Dolan, Executive Chairman and Chief Executive Officer, was paid $13.2M in 2025, up 29% from $10.2M the year before. The CEO-to-median-employee pay ratio was 212:1, on median employee pay of $62,055.

Filed
October 23, 2025
Annual meeting
December 8, 2025
Pay year
2025
Named executives
5
CEO total pay
$13.2M+29% vs prior year
CEO to median employee
212:1median $62,055
CEO pay in equity
62%$8.1M in awards
Prior say-on-pay support
98%of votes cast
CEO stock awards
$8,096,246Restricted and performance stock units
CEO incentive award
$3,040,000Earned for 2025 performance
Warner special bonus
$500,000Forfeited prior-employer compensation
CEO maximum PSU value
$4,452,852At highest performance level

How Dolan was paid

$13.2M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.

Salary12%Stock awards62%Non-equity incentive23%Pension and deferred comp0%All other compensation3%

Named executive officers

ExecutiveTotal
James L. DolanExecutive Chairman and Chief Executive Officer$13,150,269
Jamaal T. LesaneChief Operating Officer$3,801,083
David Granville-SmithExecutive Vice President$3,371,271
Victoria M. MinkExecutive Vice President, Chief Financial Officer and Treasurer$3,346,372
Bryan WarnerSenior Vice President, Head of Legal$1,351,633

What changed and why

  • $13.2M$13,150,269 was CEO total compensation in 2025, compared with $10,154,712 in 2024.
  • $8.1M$8,096,246 of CEO compensation came from stock awards, including restricted and performance stock units.
  • $3M$3,040,000 was the CEO’s annual incentive award earned for 2025 performance.
  • $500K$500,000 was Bryan Warner’s one-time special bonus for forfeited compensation from his previous employer.
  • AOI and revenues were incorporated into long-term incentive performance awards, while AOI funded annual incentives.
  • $62,055212:1 was the 2025 CEO-to-median-employee pay ratio, with the median employee receiving $62,055.

About this page

Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.