The deep play-off run from New York Knicks leads to storage income per game

This spring the New York Knicks had their best play -off run in the last 25 years. The season did not end as they had wanted, where the Knicks lost to the Indiana Pacers in six games in the final of the Eastern Conference. Nevertheless, the fan supporting brought back memories of the heyday of the mid -nineties, and the franchise benefited financially.

The Knicks even generated around $ 12.8 million in income per home game during the play -offs, the highest average in team history, according to Jamaal Lesane, Chief Operating Officer of Madison Square Garden Sports Corp., owner of the Knicks and New York Rangers of the National Hockey League. He added that the Knicks in the sale of single-game sales records during the conference also during the final of the conference. Lesane spoke With analysts on Tuesday during the profit call of MSG Sports Corp.

Victoria Mink, Chief Financial Officer of MSG Sports Corp., said that the company had an average of around $ 5.8 million in direct operating costs per match during the home games of KNICKS, as well as additional marketing and administrative costs. She also said that the company expected “the positive impact of the play -offs this season in our entire company in Fiscal 2026”, which runs from 1 July 2025 to 30 June 2026.

Lesane estimated that almost half of the 775,000 new followers of Knicks ‘and Rangers’ Social Media accounts were added this last season during the NBA play -offs and noted that the after season should help the Knicks to generate more income through Premium Horeca Sales and Marketing Partnerships.

MSG Sports Corp. Installing ticket prices for Knicks matches next season, while the prices for Rangers -matches hold the same as last season, while the Knicks had nine play -off home games this year, most since they went to the NBA Finals in 1999, the Rangers missed the Play -offs. From Tuesday, around 90% of the seasonal card holders for the Knicks and Rangers had renewed their seats for this coming season.

MSG Exec says that franchises are ‘scarce, valuable assets’

During the call, Lightshed Partners analyst Brandon Ross or MSG Sports Corp. intended to sell a minority stake in the Knicks of Rangers. Ross referred to Mark Walter and agreed to gain a majority stake in the Los Angeles Lakers in a deal that appreciates the franchise at $ 10 billion and the owners of the Chicago Bears agreed To acquire a 2% interest in franchise in a deal that appreciates the bears at $ 8.8 billion.

Lesane replied that there have been other recent transactions and at an early stage conversations “that show that these (professional franchises) fear are valuable assets.” He added that “in the case of MSG sports, we do not think that that value is appropriately reflected in our current share price.” The shares of MSG Sports Corp. Ditched on Tuesday to $ 195.40, by 3.5% by the day before and a decrease of 13.4% since the start of the year.

MSG Sports Corp. has A market capitalization of $ 4.69 billion, while Madison Square Garden Entertainment Corp., who owns Madison Square Garden, Radio City Music Hall and other locations, has A market capitalization of $ 1.9 billion. Forbes appreciates the Knicks at $ 7.5 billion and the Rangers at $ 3.5 billion.

“We would never exclude the possibility of selling minority interests,” said Lesane. “But as I said, we don’t have anything to say either.”

Medi-Rights, Salary Caps are increasing in the 2025-26 seasons

For the last tax year, which coincided with the regular season and play-offs from 2024-25, MSG Sports Corp. generated Just over $ 1 billion in turnover, an increase of 1% compared to a year earlier and $ 14.8 million in business income, compared to $ 146 million the previous year.

From this coming season, the Knicks will benefit from the 11-year contract of the NBA, $ 76 billion with ABC/ESPN, NBC and Amazon Prime Video, which represents an increase of 160% compared to his previous deal. The 30 franchises of the NBA receive an equal share in that income and have to pay 50% of the income to players. At the same time, MSG Sports announced earlier this year that the Knicks and Rangers agreed with a decrease of 28% and 18%, respectively, in the income of local media rights as part of the debt restructuring plan of MSG Networks. As part of the deal, the media rights of the teams now expire at the end of the 2028-29 season. They were earlier ready to go through the 2034-35 season.

Mink estimates that MSG Sports Corp. This season a decrease in the local media rights of the local media rights will see compared to last season, but she noted that the company expected to have a general increase in the turnover of the media rights because of the new National NBA Media deal. She added that the NBA salary limit is increasing from $ 140.6 million to $ 154.6 million for the coming season, while the NHL salary limit increases from $ 88 million to $ 95.5 million.

MSG Sports Corp. has not given financial guidance for the next tax year, but Lesane said that “we believe that we are well positioned to stimulate another year of growth.”