The NBA’s 11-year, $76B media rights agreements with Amazon, NBC and ESPN kicked off this season, and those deals have enabled MSG Sports to largely offset significant RSN revenue declines for its two teams. MSG Sports, the parent company of the Knicks and Rangers, disclosed in its latest earnings report a $18.6M bump in league distributions during fiscal Q2 (the final three months of 2025). That increase, primarily from the NBA’s new media deals, mostly made up for a $21.9M decline in local media rights from the teams’ recently revised agreement with local broadcaster MSG Networks, under which the Knicks and Rangers saw 28% and 18% reductions in annual rights fees, respectively. The revised agreement also eliminated contractual rights fee escalators.
Sports Business Journal
