MSG’s James Dolan (JStone / Shutterstock)
NEW YORK (CelebrityAccess) — Madison Sq. Backyard Leisure Corp. introduced that it has renewed its employment settlement with the corporate’s Govt Chairman and Chief Govt Officer, James Dolan.
The announcement, which got here as a part of a monetary submitting goes into impact on July 1st and can see Mr. Dolan paid no less than $1,500,000 together with an annual goal bonus alternative equal to not lower than 200% of his annual base wage.
Moreover, below the phrases of the contract, Mr. Dolan shall be eligible to take part in any future long-term incentive applications which might be launched by the corporate.
The opposite current phrases of his contract with MSGE, together with profit plan participation, common function and tasks, in addition to a one-year non-compete will stay largely constant together with his earlier deal.
Dolan, one of many sons of Cablevision founder Charles Dolan, beforehand served as CEO of the cable tv and web firm. He was named Govt Chairman and Chief Govt Officer of Madison Sq. Backyard Leisure Corp. in December 2022 and director and the Govt Chairman and Chief Govt Officer of Sphere Leisure Co. in November 2019.