Wild sign defenseman Jack Johnson to professional tryout
Advertisement
Johnson, Sidney Crosby's former teammate at Shattuck St-Mary's in nearby Faribault, Minn., is only the second player signed to a PTO in the Bill Guerin era. Drew Stafford signed one in 2019 but was released toward the end of camp.
Guerin, who signed a PTO with the Flyers in 2010 before being released and retiring two months later, typically doesn't believe in PTOs unless there's a clear shot for a veteran to make the team. He doesn't want to lead them astray if there's little chance.
But with Brodin hurt, Zeev Buium only 19 and fellow first-round pick Carson Lambos, 22, yet to make his NHL debut, Johnson will provide some depth on the left side of the blue line if needed by the end of camp. Jake Middleton and Buium, who is expected to make the team but must earn a spot, are the only Wild left-shot blueliners heading into camp after Declan Chisholm was traded to the Washington Capitals in June.
Johnson returned to Columbus, where he played from 2012-18, last season and played 41 games. Overall, Johnson has skated in 1,228 games, scoring 77 goals and 342 points for the L.A. Kings, Columbus Blue Jackets, Pittsburgh Penguins, New York Rangers, Colorado Avalanche and Chicago Blackhawks. He won a Stanley Cup with Colorado in 2022 and a silver medal with Team USA at the 2010 Olympics.
Spot the pattern. Connect the terms
Find the hidden link between sports terms
Play today's puzzle
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
New York Times
2 minutes ago
- New York Times
The ultimate 2025-26 Penguins fan NHL roadtrip guide: Part 1
The dog days of summer are here. Perhaps you've already taken a summer vacation, or maybe it just wasn't in the cards this year. But fear not. There are other trips to be had. Your Pittsburgh Penguins might not be very good this season, but you can still spice up what could be a depressing season by making a road trip. Seeing Sidney Crosby play in Canada? Good stuff, always. Following Geno Malkin on tour in what is perhaps his final NHL season? Sure, why not? If you have the itch to see the Penguins play on the road — and I see you in airports and arenas all season long, so I know you do — I'm here to help. Here's the first half of my annual rankings of the best cities for Penguins fans to visit. Part 2 is coming Wednesday. Enjoy, and safe travels. • In the distance, you can see New York City, so it's not that far away. • The Devils are sneaky fun to watch. • In the distance, you can see New York City, which is a cruel tease more than anything. • Newark isn't my favorite place for an afternoon walk. • The Prudential Center is sterile and boring. • The Penguins usually lose here. • There's little fun to be had, unless you just go to New York. Advertisement Driving around Newark and looking for landmarks from 'The Sopranos' is actually a lot of fun. I can't, in good faith, recommend that any Penguins fan make this trip unless you're already in the area for another reason. • Easy to get tickets these days. • It's one of two remaining NHL buildings where the Penguins claimed the Stanley Cup (Bridgestone Arena in Nashville is the other). • San Francisco is an hour away, and there is much culture to enjoy there. • There isn't much going on in San Jose. • Despite this, they sure charge you a lot of money to do anything in this city. • The building is getting quite old. Fly home from San Jose. Even though it's not a direct trip, it's less trouble than driving to San Francisco for said direct flight, and cheaper. San Jose's airport is super nice. If you want to do the California swing, have at it. I'll join you. But be warned, the Southern California trip is generally more fun than the San Jose swing. There's just not much going on in San Jose, and I can't say I recommend it. I'm always very bored here. • You're a mere hour away from Chef Vola's, the greatest Italian restaurant I've experienced, which is in Atlantic City. • It's Penguins-Flyers, so something interesting is certain to happen. • You're almost guaranteed to see Sidney Crosby enjoy a big night. • The arena stinks. • The citizens are less than friendly, and that goes for the whole city, not just the hockey fans. • The drive is a menace through the mountains, and American Airlines charges an arm and a leg for direct flights. If you're wearing Penguins colors, don't be afraid to trash-talk with the locals. They smell fear there. Stand up for yourself. Be assertive if necessary. Advertisement You have to do it once. It's a wild experience. Still, knowing that friend of the Penguins Rick Tocchet will be behind the bench stings a bit for everyone. • Direct flights. • Cheap hotels. • Maybe the Cardinals will be in town. • There's a museum under the Arch! (I never knew this, and it's really cool.) • The arena is located in a part of town that I wouldn't otherwise recommend visiting. • I always find the Blues to be kind of boring. Try the toasted ravioli. Along with BBQ, it's what they do best in St. Louis, and they do it very well. Believe it or not, you might have to go. Do you love Evgeni Malkin? Well, the Penguins' last game of the season is in St. Louis. Assuming the Penguins don't make the playoffs, and assuming this is Malkin's last NHL season — we don't know if it is, but I'm betting on it — this could be Malkin's final game. Will he play in this game if it's meaningless? Or would he rather end his career against Alex Ovechkin and the Capitals? I don't know. But this one is worth keeping in mind for the hardcore Malkin fan. • UBS Arena is quite impressive, one of the NHL's best. • Manhattan is nearby. • Tickets aren't hard to get. • By air or car, reaching this neck of the woods from Pittsburgh is a pain. • Long Island has its charm, I suppose, but it's just far enough away from Manhattan to be logistically annoying. • You'll have to watch the Islanders play hockey. Parking is obnoxious there. I'd recommend staying in Manhattan and going the Uber route. Not cheap but more relaxing, and this way you still can enjoy the big city. The arena is great, but I can't say that the rest of the trip is all that worthwhile. • Probably the best fans in the league, and it's great to experience the atmosphere there. • The Penguins play there on Nov. 1, so you may only need to wear about seven layers. • What a friendly place. Advertisement • It's just a miserable day of travel to get there. • There is very little semblance of nightlife. • Other than the Human Rights Museum, there isn't much to see or do. It's a great poutine city. Treat yourself. I don't know that you'll have that much fun on this trip, but there is something cool about saying, 'I'm in Winnipeg watching a hockey game.' • Downtown Ottawa is great, especially for you architecture lovers. • Tickets aren't hard to come by. • Seeing Crosby play in Canada is always a cool experience. • Canadian Tire Center is in the middle of nowhere. • It's probably the NHL's worst arena — outdated to the core. • The Penguins almost always lose here. • The weather will not be great. Stay downtown, but keep in mind that traffic gets bad on the drive to Kanata. Still, you don't want to stay in Kanata for any particular reason. Downtown is the way to go. It's beautiful. I can't say I recommend this trip. I like it because my kids don't live far from there, but unless you have children in that area — I'm guessing I'm in the minority — there's not much going on here. Go if you have a reason, but you won't be blown away by the building, and the logistics are tough. • You get to see Sidney Crosby versus Connor McDavid in person. • Everything you need — hotels, restaurants, casinos, bars and the arena — is downtown and within walking distance of each other. • The arena is larger than a spaceship but very nice. • The Sherlock Holmes Pub is a fine place to spend some time. • Getting there is a nightmare. • It will be very cold. • There isn't much to do. The restaurant at the downtown Courtyard Marriott is incredibly good. Random, I know, but trust me. Advertisement I don't particularly like this trip, though it's better than it once was because you get to see McDavid and the arena is nice. The Alberta trip is fun and worth doing. You'll probably like Calgary better, but Edmonton is OK. • Three words: Mall of America. • Xcel Energy Center remains an outstanding building. • The Twin Cities are America's most underrated sports region. • Direct flights on Delta aren't cheap but are frequent. • Hotels are cheap, which helps balance the cost. • Outrageously friendly, diverse place. • The weather tends not to be a great attribute of this area. • The Penguins play here on a Thursday in late October, which is a little random and not conducive to weekend travel. Stay close to the airport and thus close to the Mall of America. Get that Christmas shopping done early. This trip has grown on me over the years. I used to find it a little boring, but I've really started to like it during the past couple of trips there. Great airport, too, which helps. I should probably have it ranked higher, but it's tough. Lots of great trips on this circuit. • So long as the weather isn't a nightmare, it's a very easy drive from Pittsburgh. • Tickets are cheap and easy to get. • Buffalo is a fine town, and the locals like to have a beverage or two; you'll enjoy the people there. • Niagara Falls is 30 minutes away. • Interstate 90 in February is scary. Trust me, I'm on it all the time. Watch the weather reports. • The negativity in that arena these days might be enough to bring you down. • Not exactly a great hockey game on paper. Bring your passport and stay in Niagara Falls. It's a fun little getaway and only 30 minutes from Buffalo. Hotels are also super cheap there during the winter months. Advertisement I like the people of Buffalo. Nothing about the trip is special, but it's not far, it's cheap and the Niagara Falls aspect adds some potential fun. It can make for a romantic weekend with your significant other, or an opportunity to make questionable decisions. Either way, life is about fun and choices. • Little Caesars Arena is the NHL's best building. • Easy drive, though the weather can get nasty in the winter. • Detroit is on the upswing and a very underrated town. • The Penguins play here on a Saturday afternoon, which makes for great convenience. • The rivalry isn't what it once was. • This isn't a tropical trip. • The Penguins are missing the annual car convention in Detroit by a week, which is bad timing. If you care only about hockey and not experiencing the city, stay in Toledo — about an hour south — and make the 60-minute drive to Detroit on game day. It's cheaper and less hassle that way. (Come to think of it, because the Penguins play in Detroit on a Saturday afternoon, you can do a day trip from Pittsburgh if you don't mind waking up early.) Let Detroit into your heart. I wouldn't have said this 15 years ago, but I'm telling you, it's on the way back. Plus, Red Wings fans (and Michiganders in general) are as friendly as it gets. Fun little trip. • If history is your thing, you could do worse than Boston. • If lobster and good seafood are up your alley, you'll be pleased. • It's a great sports town and a great hockey town, and you can feel it the whole time you're there. • You're already in New England, so you're a quick drive from beautiful places such as Vermont and Maine. • The Penguins play there in January and early March, so prepare to be very cold. • These are two potentially bad teams. Advertisement Check out some college hockey while you're in the neighborhood. It's always worth it. I've always liked Boston well enough, but have never quite loved it. Much like Chicago, I like it substantially more in the summer months. That said, it's a very important American city and a wonderful sports town, so you may love it. • Climate Pledge Arena might be the NHL's best barn — a marvelous cathedral to catch a game. • The areas around Seattle are as picturesque as it gets. • Sensational food city. • There is plenty to see and do, and for fun, Vancouver is only a two-hour drive. • While we do have direct flights there from Pittsburgh, which is great, it's still a long day of travel to get there. • There are expensive cities, and then there is Seattle. • The actual downtown area is kind of blah, in my opinion. I would strongly urge you to use public transportation or Uber to get to the game. Before last season's game, I asked Seattle PR for a parking garage recommendation. The one they gave me was very nice. It was also $75. I want to like Seattle, and I don't hate it. But I haven't fully embraced it just yet. I think perhaps my expectations were unfairly high when I arrived there for the first time, thinking it was on Vancouver's level. It's not. But that doesn't mean it's not a beautiful place that you'll enjoy. The arena is spectacular. • It's less than three hours away from Pittsburgh, and Interstate 70 in Ohio is much better maintained than Interstate 70 in Pennsylvania. • Nationwide Arena remains elite, a wonderful place to see a game. • The much-hyped bar district around the building is indeed outstanding, giving you a fun place to drink it up before and after the game. • It's a totally manageable Black Friday drive for the game, and most of you are likely off work that day. Advertisement • Even though the Blue Jackets are much improved, they don't exactly excite the hockey fan in you. • The Penguins have always been Big Brother in this rivalry, so this season could serve up some humble pie. When the Blue Jackets take the ice, and when they score goals, the good people at Nationwide Arena set off a very loud, intrusive cannon. It will startle you. If you think it won't, you're wrong. It will startle you. You've been warned. If you have heart issues, keep this in mind. No joke. I always say it's a great first trip for a Penguins fan who has never gone on the road. It's like a starter home. It's not exotic. There aren't many bells and whistles. But it's cheap, it's easy to get to and it's a fun place. • The Penguins play there on a Sunday afternoon in April, and you won't find a better city for a weekend trip. • You should be there for the tail end of cherry blossom season. • You might be witnessing history (more below). • It's an easy, fairly pleasant drive. • There are cities with good museums, and then there is Washington. It's the gold standard. • This game, on Sunday, April 12, is right in the middle of Masters Sunday. • D.C. is great in terms of things to see, but the area around Capital One Arena has seen better days. I'll be very clear about this. There's a real chance this is the last time that Sidney Crosby, Alex Ovechkin and Evgeni Malkin are ever sharing the same sheet of ice. This is likely Malkin's final season. There's a chance it will be Ovechkin's, too. In a schedule quirk, it's the only time the Penguins play in Washington all season (good job, NHL). Malkin's final home game could be the day before, also against the Capitals. This could be the end of the road for him and perhaps Ovechkin, too. The Penguins-Capitals battle over the best two decades has been remarkable theater. The Capitals won the final battle, but I'd say the Penguins won the war. Either way, it's captivated all of us. I strongly suggest you make this trip. Advertisement • Much like Denver and Calgary, the mountain scenery will blow you away. • It's a friendly place and very walkable. • The airport is new, spectacular, and Pittsburgh has direct flights to and from Salt Lake City on Delta. • Everything is inexpensive here. • The nightlife won't exactly blow you away. • The building is presumably much better for basketball. It's not so great for hockey. Check out the Utah practice facility, which is connected to the U.S. Olympic speed skating training facility. Cool place. I ranked it in the middle because I've only been there once. I have to say, I liked it. Not as much as Denver, but I liked it. Beautiful place, friendly people and I loved how easily walkable it was. It'll be interesting to see how far it climbs in future rankings. Thanks for reading and daydreaming. Part 2 is coming Wednesday. (Top photo of Utah's Delta Center: Bruce Bennett / Getty Images) Spot the pattern. Connect the terms Find the hidden link between sports terms Play today's puzzle
Yahoo
29 minutes ago
- Yahoo
Top LSU football rival makes big decision about starting quarterback
One of LSU's biggest rivals made a major decision in its quarterback battle. According to ESPN, Alabama has settled on Ty Simpson as QB1. Simpson was a five-star recruit in 2022, per the Rivals Industry Rankings. Despite having to sit behind Bryce Young and Jalen Milroe, Simpson waited his turn, passing up the transfer portal. Simpson's path mirrors the one LSU QB Garrett Nussmeier took. Nussmeier sat three seasons before taking over the starter role in his fourth year on campus. In 2024, Simpson attempted just 25 passes. He completed 14 of them for 167 yards. Alabama's roster is loaded with talent on both sides of the ball. The Crimson Tide have stars at wide receiver with Ryan Williams and Germie Bernard. The offensive line is expected to be one of the best in the country. On defense, Kalen DeBoer's squad returns eight starters on a unit that led the SEC in turnovers. If Simpson is as advertised, Alabama is a national title contender. The Crimson Tide rank No. 8 in the US LBM Coaches Poll, one spot ahead of LSU at No. 9. When does LSU football play Alabama in 2025? LSU and Alabama won't meet until Nov. 8. As usual, the game is one of the most anticipated of the college football season. Alabama is nearly a touchdown favorite as of early August. This article originally appeared on LSU Wire: Top LSU football rival makes big decision about starting quarterback
Yahoo
29 minutes ago
- Yahoo
Madison Square Garden Sports Corp. Reports Fiscal 2025 Fourth Quarter and Full-Year Results
NEW YORK, August 12, 2025--(BUSINESS WIRE)--Madison Square Garden Sports Corp. (NYSE: MSGS) today reported financial results for the fiscal fourth quarter and full-year ended June 30, 2025. The fiscal 2025 fourth quarter was highlighted by the New York Knicks' (the "Knicks") participation in the NBA playoffs, which included nine home playoff games at the Madison Square Garden Arena ("The Garden") and culminated with the team's appearance in the Eastern Conference Finals. This compared to fifteen combined home playoff games for the Knicks and the New York Rangers (the "Rangers") in the prior year quarter. In addition, fiscal 2025 fourth quarter and full-year results reflect increases in average regular season per-game revenues, including tickets, sponsorship and suites; the impact of reductions in local media rights fees as a result of amendments to the Knicks' and Rangers' local media rights agreements with MSG Networks Inc. ("MSG Networks"); the impact of the Knicks' and Rangers' rosters for the 2024-25 seasons; and the impact of certain team personnel transactions. For fiscal 2025, the Company reported revenues of $1,039.2 million, an increase of $12.1 million, or 1%, as compared to the prior year. In addition, the Company reported operating income of $14.8 million, a decrease of $131.2 million, and adjusted operating income of $38.2 million, a decrease of $134.1 million, both as compared to the prior year.(1) For the fiscal 2025 fourth quarter, the Company generated revenues of $204.0 million, a decrease of $23.3 million, or 10%, as compared to the prior year quarter. In addition, the Company reported an operating loss of $22.6 million and an adjusted operating loss of $16.8 million, as compared to operating income of $52.3 million and adjusted operating income of $56.5 million in the prior year quarter.(1) Madison Square Garden Sports Corp. Executive Chairman and CEO James L. Dolan said, "Fiscal 2025 was highlighted by growth in per-game revenues and the Knicks' postseason run to the Eastern Conference Finals, while it also reflected our investment in our teams and the changing local media landscape. Looking ahead, we expect continued strong demand for the Knicks and Rangers and remain confident in the value of owning two professional sports franchises." Financial Results for the Three and Twelve Months Ended June 30, 2025 and 2024: Three Months Ended Twelve Months Ended June 30, Change June 30, Change $ millions 2025 2024 $ % 2025 2024 $ % Revenues $ 204.0 $ 227.3 $ (23.3 ) (10 )% $ 1,039.2 $ 1,027.1 $ 12.1 1 % Operating (loss) income $ (22.6 ) $ 52.3 $ (74.9 ) NM $ 14.8 $ 146.0 $ (131.2 ) (90 )% Adjusted operating (loss) income(1) $ (16.8 ) $ 56.5 $ (73.3 ) NM $ 38.2 $ 172.2 $ (134.1 ) (78 )% Note: Does not foot due to rounding 1. See page 4 of this earnings release for the definition of adjusted operating income (loss) included in the discussion of non-GAAP financial measures. Summary of Financial Results For the fiscal 2025 fourth quarter, revenues of $204.0 million decreased $23.3 million, or 10%, as compared to the prior year quarter. The decrease was primarily due to lower playoff-related revenues, lower revenues from leagues distributions and, to a lesser extent, lower food, beverage and merchandise sales and local media rights fees. During the fiscal 2025 fourth quarter, the Rangers and the Knicks played a combined one fewer regular season game and six fewer playoff games at The Garden, both as compared to the prior year quarter. Playoff-related revenues decreased $12.9 million as compared to the prior year quarter, primarily due to the Rangers playing eight home playoff games in the prior year quarter as compared to not qualifying for the playoffs in the current year quarter. This decrease was partially offset by higher per-game Knicks playoff revenue and two additional Knicks home playoff games as compared to the prior year quarter. Revenues from league distributions decreased $6.8 million as compared to the prior year quarter, primarily due to the absence of a non-recurring territorial fee from the NHL of approximately $7 million recognized in the prior year quarter, partially offset by higher national media rights fees. Food, beverage and merchandise sales decreased $1.8 million as compared to the prior year quarter, primarily due to lower average per-game revenue, lower online sales of merchandise and the Knicks and Rangers playing a combined one fewer regular season game at The Garden during the fiscal 2025 fourth quarter. Merchandise sales in the fiscal 2024 fourth quarter included the positive impact of new Rangers' jersey launches. Local media rights fees decreased $1.1 million as compared to the prior year period, primarily due to a reduction in local media rights fees for the 2024-25 season as a result of amendments to the Knicks' and Rangers' local media rights agreements with MSG Networks. This decrease was partially offset by net lower reductions in rights fees as compared to the prior year quarter related to the number of telecasts exclusively available to MSG Networks. Direct operating expenses of $154.8 million increased $47.1 million, or 44%, as compared to the prior year quarter. This increase was primarily driven by higher net provisions for certain team personnel transactions of $42.8 million, higher net provisions for league revenue sharing expense (net of escrow and excluding playoffs) and NBA luxury tax of $9.8 million and higher team personnel compensation of $2.9 million, all as compared to the prior year period. These increases were partially offset by lower playoff-related expenses of $5.5 million, as well as other cost decreases. Selling, general and administrative expenses of $70.9 million increased $4.5 million, or 7%, as compared to the prior year quarter. This increase was primarily driven by higher professional fees of $3.7 million, higher playoff-related expenses of $1.5 million, as well as higher other general and administrative expenses, partially offset by lower sales and marketing costs of $1.3 million and lower employee compensation and related benefits of $1.2 million. Operating income decreased by $74.9 million to an operating loss of $22.6 million and adjusted operating income decreased by $73.3 million to an adjusted operating loss of $16.8 million, both as compared to the prior year quarter, primarily due to the increase in direct operating expenses and, to a lesser extent, the decrease in revenues. Other Matters On June 27, 2025, the Knicks and Rangers amended their respective media rights agreements with MSG Networks, which included: (i) 28% and 18% reductions in annual rights fees payable to the Knicks and Rangers, respectively, effective January 1, 2025; (ii) an elimination of annual rights fee escalators; and (iii) a change to the contract expiration dates to the end of the 2028-29 seasons, subject to a right of first refusal in favor of MSG Networks. Concurrent with the amendments to the media rights agreements, MSG Networks issued penny warrants to the Company exercisable for 19.9% of the equity interests in MSG Networks. About Madison Square Garden Sports Corp. Madison Square Garden Sports Corp. (MSG Sports) is a leading professional sports company, with a collection of assets that includes the New York Knicks (NBA) and the New York Rangers (NHL), as well as two development league teams – the Westchester Knicks (NBAGL) and the Hartford Wolf Pack (AHL). MSG Sports also operates a professional sports team performance center – the MSG Training Center in Greenburgh, NY. More information is available at Non-GAAP Financial Measures We define adjusted operating income (loss), which is a non-GAAP financial measure, as operating income (loss) excluding (i) depreciation, amortization and impairments of property and equipment, goodwill and other intangible assets, (ii) share-based compensation expense or benefit, (iii) restructuring charges or credits, (iv) gains or losses on sales or dispositions of businesses, (v) the impact of purchase accounting adjustments related to business acquisitions, and (vi) gains and losses related to the remeasurement of liabilities under the Company's Executive Deferred Compensation Plan. Because it is based upon operating income (loss), adjusted operating income (loss) also excludes interest expense (including cash interest expense) and other non-operating income and expense items. We believe that the exclusion of share-based compensation expense or benefit allows investors to better track the performance of our business without regard to the settlement of an obligation that is not expected to be made in cash. In addition, we believe that the exclusion of gains and losses related to the remeasurement of liabilities under the Company's Executive Deferred Compensation Plan provides investors with a clearer picture of the Company's operating performance given that, in accordance with U.S. generally accepted accounting principles ("GAAP"), gains and losses related to the remeasurement of liabilities under the Company's Executive Deferred Compensation Plan are recognized in Operating (income) loss whereas gains and losses related to the remeasurement of the assets under the Company's Executive Deferred Compensation Plan, which are equal to and therefore fully offset the gains and losses related to the remeasurement of liabilities, are recognized in Miscellaneous income (expense), net, which is not reflected in Operating income (loss). We believe adjusted operating income (loss) is an appropriate measure for evaluating the operating performance of our Company. Adjusted operating income (loss) and similar measures with similar titles are common performance measures used by investors and analysts to analyze our performance. Internally, we use revenues and adjusted operating income (loss) as the most important indicators of our business performance, and evaluate management's effectiveness with specific reference to these indicators. Adjusted operating income (loss) should be viewed as a supplement to and not a substitute for operating income (loss), net income (loss), cash flows from operating activities, and other measures of performance and/or liquidity presented in accordance with GAAP. Since adjusted operating income (loss) is not a measure of performance calculated in accordance with GAAP, this measure may not be comparable to similar measures with similar titles used by other companies. For a reconciliation of operating income (loss) to adjusted operating income (loss), please see page 5 of this earnings release. Forward-Looking Statements This press release may contain statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that any such forward-looking statements are not guarantees of future performance or results and involve risks and uncertainties, and that actual results, developments and events may differ materially from those in the forward-looking statements as a result of various factors, including financial community and rating agency perceptions of the Company and its business, operations, financial condition and the industry in which it operates, and the factors described in the Company's filings with the Securities and Exchange Commission, including the sections titled "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" contained therein. The Company disclaims any obligation to update any forward-looking statements contained herein. Conference Call Information:The conference call will be Webcast live today at 10:00 a.m. ET at Conference call dial-in number is 888-660-6386 / Conference ID Number 6996895Conference call replay number is 800-770-2030 / Conference ID Number 6996895 until August 19, 2025 MADISON SQUARE GARDEN SPORTS CORP. CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except per share data) (Unaudited) Three Months Ended Twelve Months Ended June 30, June 30, 2025 2024 2025 2024 Revenues $ 203,957 $ 227,251 $ 1,039,220 $ 1,027,149 Direct operating expenses 154,819 107,743 755,118 616,514 Selling, general and administrative expenses 70,892 66,413 266,076 261,433 Depreciation and amortization 822 792 3,218 3,164 Operating (loss) income (22,576 ) 52,303 14,808 146,038 Other income (expense): Interest income 1,429 1,238 4,034 2,787 Interest expense (4,990 ) (6,320 ) (21,652 ) (27,589 ) Miscellaneous expense, net (984 ) (4,491 ) (14,462 ) (15,568 ) Loss (income) before income taxes (27,121 ) 42,730 (17,272 ) 105,668 Income tax benefit (expense) 25,341 (17,239 ) (5,166 ) (46,897 ) Net (loss) income $ (1,780 ) $ 25,491 $ (22,438 ) $ 58,771 Basic (loss) earnings per common share attributable to Madison Square Garden Sports Corp.'s stockholders $ (0.07 ) $ 1.06 $ (0.93 ) $ 2.45 Diluted (loss) earnings per common share attributable to Madison Square Garden Sports Corp.'s stockholders $ (0.07 ) $ 1.06 $ (0.93 ) $ 2.44 Basic weighted-average number of common shares outstanding 24,105 24,030 24,089 24,011 Diluted weighted-average number of common shares outstanding 24,105 24,156 24,089 24,096 MADISON SQUARE GARDEN SPORTS TO RECONCILE OPERATING (LOSS) INCOME TOADJUSTED OPERATING (LOSS) INCOME(In thousands)(Unaudited) The following is a description of the adjustments to operating (loss) income in arriving at adjusted operating (loss) income as described in this earnings release: Depreciation and amortization. This adjustment eliminates depreciation, amortization and impairments of property and equipment, goodwill and other intangible assets in all periods. Share-based compensation. This adjustment eliminates the compensation expense related to restricted stock units and stock options granted under the Company's employee stock plan and non-employee director plan in all periods. Remeasurement of deferred compensation plan liabilities. This adjustment eliminates the impact of gains and losses related to the remeasurement of liabilities under the Company's executive deferred compensation plan. Three Months Ended Twelve Months Ended June 30, June 30, 2025 2024 2025 2024 Operating (loss) income $ (22,576 ) $ 52,303 $ 14,808 $ 146,038 Depreciation and amortization 822 792 3,218 3,164 Share-based compensation 3,776 3,222 17,935 21,291 Remeasurement of deferred compensation plan liabilities 1,222 193 2,195 1,749 Adjusted operating (loss) income $ (16,756 ) $ 56,510 $ 38,156 $ 172,242 MADISON SQUARE GARDEN SPORTS CORP. CONSOLIDATED BALANCE SHEETS (In thousands, except per share data) (Unaudited) June 30, 2025 June 30, 2024 ASSETS Current Assets: Cash and cash equivalents $ 144,617 $ 89,136 Restricted cash 8,571 5,771 Accounts receivable, net 25,855 33,781 Net related party receivables 3,582 32,255 Prepaid expenses 43,417 30,956 Other current assets 25,053 25,043 Total current assets 251,095 216,942 Property and equipment, net 28,962 28,541 Right-of-use lease assets 760,456 694,566 Indefinite-lived intangible assets 103,644 103,644 Goodwill 226,523 226,523 Investments 54,720 62,543 Deferred tax assets, net 34,821 — Other assets 12,753 13,533 Total assets $ 1,472,974 $ 1,346,292 MADISON SQUARE GARDEN SPORTS CORP. CONSOLIDATED BALANCE SHEETS (continued) (In thousands, except per share data) (Unaudited) June 30, 2025 June 30, 2024 LIABILITIES AND EQUITY Current Liabilities: Accounts payable $ 9,336 $ 9,900 Net related party payables 4,807 6,718 Debt 24,000 30,000 Accrued liabilities: Employee-related costs 98,924 133,930 League-related accruals 196,567 120,876 Other accrued liabilities 13,093 21,613 Operating lease liabilities, current 52,618 50,267 Deferred revenue 164,178 148,678 Total current liabilities 563,523 521,982 Long-term debt 267,000 275,000 Operating lease liabilities, noncurrent 841,050 749,952 Defined benefit obligations 4,086 4,103 Other employee-related costs 78,092 43,493 Deferred tax liabilities, net — 16,925 Deferred revenue, noncurrent 662 1,147 Total liabilities 1,754,413 1,612,602 Commitments and contingencies Class A Common stock, par value $0.01, 120,000 shares authorized; 19,488 and 19,423 shares outstanding as of June 30, 2025 and 2024, respectively 204 204 Class B Common stock, par value $0.01, 30,000 shares authorized; 4,530 shares outstanding as of June 30, 2025 and 2024 45 45 Preferred stock, par value $0.01, 15,000 shares authorized; none outstanding as of June 30, 2025 and 2024 — — Additional paid-in capital 15,348 19,079 Treasury stock, at cost, 960 and 1,025 shares as of June 30, 2025 and 2024, respectively (158,543 ) (169,547 ) Accumulated deficit (137,596 ) (115,139 ) Accumulated other comprehensive loss (897 ) (952 ) Total equity (281,439 ) (266,310 ) Total liabilities and equity $ 1,472,974 $ 1,346,292 MADISON SQUARE GARDEN SPORTS CORP. SELECTED CASH FLOW INFORMATION (In thousands) (Unaudited) Twelve Months Ended June 30, 2025 2024 Net cash provided by operating activities $ 91,607 $ 92,131 Net cash used in investing activities (6,920 ) (8,898 ) Net cash used in financing activities (26,406 ) (28,785 ) Net increase in cash, cash equivalents and restricted cash 58,281 54,448 Cash, cash equivalents and restricted cash at beginning of period 94,907 40,459 Cash, cash equivalents and restricted cash at end of period $ 153,188 $ 94,907 View source version on Contacts Ari Danes, CFAInvestor Relations and Financial Communications(212) 465-6072 Grace KaminerInvestor Relations(212) 631-5076 Justin BlaberFinancial Communications(212) 465-6109 Sign in to access your portfolio
