Madison Square Garden Sports (MSGS) 10-Q 3 Feb 21 2021 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Dec. 31, 2020	Jan. 29, 2021
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Dec. 31, 2020
Document Transition Report	false
Entity File Number	1-36900
Entity Registrant Name	MADISON SQUARE GARDEN SPORTS CORP.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	47-3373056
Entity Address, Address Line One	Two Penn Plaza
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10121
City Area Code	212
Local Phone Number	465-1111
Title of 12(b) Security	Class A Common Stock
Trading Symbol	MSGS
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Central Index Key	0001636519
Current Fiscal Year End Date	--06-30
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2
Amendment Flag	false
Class A Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		19,587,113
Class B Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		4,529,517

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands		Dec. 31, 2020	Jun. 30, 2020
Current Assets:
Cash and cash equivalents		$ 70,762	$ 77,852
Restricted cash	[1]	9,500	12,821
Accounts receivable, net		24,897	7,403
Net related party receivables		11,935	135
Prepaid expenses		47,535	20,634
Other current assets		10,851	9,433
Total current assets		175,480	128,278
Property and equipment, net of accumulated depreciation and amortization of $41,098 and $38,361 as of December 31, 2020 and June 30, 2020, respectively		37,034	39,597
Right-of-use lease assets		711,882	718,051
Amortizable intangible assets, net		2,224	2,754
Indefinite-lived intangible assets		112,144	112,144
Goodwill		226,955	226,955
Other assets		26,398	6,019
Total assets		1,292,117	1,233,798
Current Liabilities:
Accounts payable		1,174	2,301
Net related party payables		25,468	17,952
Accrued liabilities:
Employee related costs		36,032	71,451
Other accrued liabilities		58,338	33,071
Operating lease liabilities, current	[2]	26,807	39,131
Deferred revenue		200,329	126,348
Total current liabilities		348,148	290,254
Long-term debt		380,000	350,000
Operating lease liabilities, noncurrent	[2]	687,535	679,053
Defined benefit and other postretirement obligations		6,617	7,014
Other employee related costs		44,574	50,027
Deferred tax liabilities, net		57,393	57,721
Deferred revenue, noncurrent		31,978	2,014
Other liabilities		1,000	1,150
Total liabilities		1,557,245	1,437,233
Commitments and contingencies (see Note 11)
Madison Square Garden Sports Corp. Stockholders’ Equity:
Preferred stock, par value $0.01, 15,000 shares authorized; none outstanding as of December 31, 2020 and June 30, 2020		0	0
Additional paid-in capital		15,432	5,940
Treasury stock, at cost, 866 and 982 shares as of December 31, 2020 and June 30, 2020, respectively		(147,585)	(167,431)
Accumulated deficit		(133,986)	(43,605)
Accumulated other comprehensive loss		(2,119)	(2,139)
Total Madison Square Garden Sports Corp. stockholders’ equity		(268,009)	(206,986)
Nonredeemable noncontrolling interests		2,881	3,551
Total equity		(265,128)	(203,435)
Total liabilities and equity		1,292,117	1,233,798
Class A Common Stock
Madison Square Garden Sports Corp. Stockholders’ Equity:
Common stock, value issued		204	204
Class B Common Stock
Madison Square Garden Sports Corp. Stockholders’ Equity:
Common stock, value issued		$ 45	$ 45
[1]	Restricted cash as of December 31, 2020 relates to the Company’s revolving credit facilities (see Note 12 for more information). For all prior periods, restricted cash primarily included cash deposited in escrow account (see Note 2 to the consolidated financial statements included in the Company’s Annual Report on Form 10-K for the year ended June 30, 2020 for more information).
[2]	As of December 31, 2020, Operating lease liabilities, current and Operating lease liabilities, noncurrent included balances of $26,403 and $686,978, respectively, that are payable to MSG Entertainment. As of June 30, 2020, Operating lease liabilities, current and Operating lease liabilities, noncurrent included balances of $38,770 and $678,366, respectively, that are payable to MSG Entertainment.

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2020	Jun. 30, 2020
Accumulated depreciation and amortization	$ 41,098	$ 38,361
Preferred stock, par value (dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized	15,000,000	15,000,000
Preferred stock, shares outstanding	0	0
Treasury stock, shares	866,000	982,000
Class A Common Stock
Common stock, par value (dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	120,000,000	120,000,000
Common stock, shares outstanding	19,582,000	19,466,000
Class B Common Stock
Common stock, par value (dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	30,000,000	30,000,000
Common stock, shares outstanding	4,530,000	4,530,000

Consolidated Statements Of Oper

Consolidated Statements Of Operations - USD ($) shares in Thousands, $ in Thousands		3 Months Ended		6 Months Ended
		Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019
Income Statement [Abstract]
Revenues	[1]	$ 28,771	$ 292,798	$ 85,809	$ 342,648
Operating expenses:
Direct operating expenses	[2]	16,661	197,783	56,447	216,202
Selling, general and administrative expenses	[3]	48,909	90,328	91,905	176,238
Depreciation and amortization		1,607	4,920	3,267	9,765
Operating loss		(38,406)	(233)	(65,810)	(59,557)
Other income (expense):
Interest income		0	233	0	526
Interest expense		(2,487)	(796)	(4,476)	(1,373)
Miscellaneous expense, net		(70)	(88)	(190)	(174)
Nonoperating income (loss)		(2,557)	(651)	(4,666)	(1,021)
Loss from continuing operations before income taxes		(40,963)	(884)	(70,476)	(60,578)
Income tax benefit (expense)		(170)	(2,773)	328	16,730
Loss from continuing operations		(41,133)	(3,657)	(70,148)	(43,848)
Income from discontinued operations, net of taxes		0	96,006	0	55,531
Net income (loss)		(41,133)	92,349	(70,148)	11,683
Less: Net loss attributable to nonredeemable noncontrolling interests from continuing operations		(508)	(465)	(1,106)	(915)
Less: Net loss attributable to redeemable noncontrolling interests from discontinued operations		0	(1,241)	0	(1,404)
Less: Net loss attributable to redeemable noncontrolling interests from discontinued operations		0	(86)	0	(158)
Net income (loss) attributable to Madison Square Garden Sports Corp.’s stockholders		$ (40,625)	$ 94,141	$ (69,042)	$ 14,160
Basic
Basic earnings (loss) per share, continuing operations (USD per share)		$ (1.68)	$ (0.13)	$ (2.86)	$ (1.80)
Basic earnings (loss) per share, discontinued operations (USD per share)		0	4.07	0	2.39
Basic earnings (loss) per common share, attributable to Madison Square Garden Sports Corp.'s stockholders (USD per share)		(1.68)	3.94	(2.86)	0.59
Diluted
Diluted earnings (loss) per share, continuing operations (USD per share)		(1.68)	(0.13)	(2.86)	(1.79)
Diluted earnings (loss) per share, discontinued operations (USD per share)		0	4.06	0	2.38
Diluted earnings (loss) per common share attributable to Madison Square Garden Sports Corp.'s stockholders (USD per share)		$ (1.68)	$ 3.93	$ (2.86)	$ 0.59
Weighted-average number of common shares outstanding:
Weighted-average shares for basic EPS		24,144	23,913	24,103	23,870
Diluted (in shares)		24,144	23,979	24,103	23,977
[1]	Includes revenues from related parties of $14,369 and $61,119 for the three months ended December 31, 2020 and 2019, respectively, and $23,430 and $67,446 for the six months ended December 31, 2020 and 2019, respectively.
[2]	Includes net charges from (to) related parties of $2,650 and $(137) for the three months ended December 31, 2020 and 2019, respectively, and $3,264 and $(137) for the six months ended December 31, 2020 and 2019, respectively.
[3]	Includes net charges from (to) related parties of $10,455 and $(2,742) for the three months ended December 31, 2020 and 2019, respectively, and $24,202 and $(5,399) for the six months ended December 31, 2020 and 2019, respectively.

Consolidated Statements Of Op_2

Consolidated Statements Of Operations (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019
Income Statement [Abstract]
Revenues from related parties	$ 14,369	$ 61,119	$ 23,430	$ 67,446
Direct operating expenses from (to) related parties	2,650	(137)	3,264	(137)
Selling, general and administrative expenses from (to) related parties	$ 10,455	$ (2,742)	$ 24,202	$ (5,399)

Consolidated Statements Of Comp

Consolidated Statements Of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ (41,133)	$ 92,349	$ (70,148)	$ 11,683
Amounts reclassified from accumulated other comprehensive loss:
Amortization of actuarial loss included in net periodic benefit cost	10	346	20	685
Cumulative translation adjustments		23,186		13,168
Other comprehensive income, before income taxes	10	23,532	20	13,853
Income tax benefit (expense) related to items of other comprehensive income (loss)	0	0	0	0
Other comprehensive income, net of income taxes	10	23,532	20	13,853
Comprehensive income (loss)	(41,123)	115,881	(70,128)	25,536
Less: Comprehensive loss attributable to nonredeemable noncontrolling interests from continuing operations	(508)	(465)	(1,106)	(915)
Less: Comprehensive loss attributable to redeemable noncontrolling interests from discontinued operations	0	(1,241)	0	(1,404)
Less: Comprehensive loss attributable to nonredeemable noncontrolling interests from discontinued operations	0	(86)	0	(158)
Comprehensive income (loss) attributable to Madison Square Garden Sports Corp.’s stockholders	$ (40,615)	$ 117,673	$ (69,022)	$ 28,013

Consolidated Statements Of Cash

Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Cash flows from operating activities:
Net income (loss)	$ (70,148)	$ 11,683
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:
Depreciation and amortization	3,267	57,202
Provision (benefits) from deferred income taxes	(328)	682
Share-based compensation expense	22,326	33,585
Loss in equity method investments, net of income distributions	0	2,643
Purchase accounting adjustments associated with leases	0	3,389
Unrealized gains on equity investment with readily determinable fair value	0	(14,725)
(Recovery of) provision for doubtful accounts	(175)	2,083
Other non-cash adjustments	371	144
Change in assets and liabilities:
Accounts receivable, net	(17,319)	(34,188)
Net related party receivables	(11,800)	(267)
Prepaid expenses and other assets	(44,670)	(40,748)
Accounts payable	(1,127)	16,593
Net related party payables	7,516	9,518
Accrued and other liabilities	(15,963)	58,400
Collections due to promoters	0	(6,397)
Deferred revenue	104,090	12,184
Operating lease right-of-use assets and lease liabilities	2,327	(609)
Net cash (used in) provided by operating activities	(21,633)	111,172
Cash flows from investing activities:
Capital expenditures	(141)	(221,335)
Proceeds from insurance recoveries	0	476
Payments for acquisition of assets	0	(1,000)
Purchase of short-term investments	0	(106,063)
Proceeds from maturity of short-term investments	0	106,587
Payments to Acquire Interest in Subsidiaries and Affiliates	0	(63)
Proceeds from sale of nonconsolidated affiliates	0	18,000
Loan repayment received from subordinated note	0	58,735
Cash received for notes receivable	0	750
Net cash used in investing activities	(141)	(143,913)
Cash flows from financing activities:
Taxes paid in lieu of shares issued for equity-based compensation	(13,891)	(26,264)
Noncontrolling interest holders’ capital contribution	0	2,000
Distributions to noncontrolling interest holders	0	(535)
Proceeds from revolving credit facilities	30,000	0
Repayment of revolving credit facility	0	(15,000)
Principal repayment on long-term debt	0	(3,750)
Payment of contingent consideration	(200)	(200)
Payments of Financing Costs	(4,546)	0
Net cash provided by (used in) financing activities	11,363	(43,749)
Effect of exchange rates on cash, cash equivalents and restricted cash	0	1,693
Net decrease in cash, cash equivalents and restricted cash	(10,411)	(74,797)
Cash, cash equivalents and restricted cash from continuing operations, beginning of period	90,673	25,836
Cash, cash equivalents and restricted cash from discontinued operations, beginning of period	0	1,092,065
Cash, cash equivalents and restricted cash at beginning of period	90,673	1,117,901
Cash, cash equivalents and restricted cash from continuing operations, end of period	80,262	27,528
Cash, cash equivalents and restricted cash from discontinued operations, end of period	0	1,015,576
Cash, cash equivalents and restricted cash at end of period	80,262	1,043,104
Non-cash investing and financing activities:
Capital expenditures incurred but not yet paid	30	47,478
Tenant improvement paid by landlord	0	195
Share-based compensation capitalized in property and equipment	$ 0	$ 2,482

Consolidated Statements Of Equi

Consolidated Statements Of Equity And Redeemable Noncontrolling Interests - USD ($) $ in Thousands	Total	Common Stock Issued	Additional Paid-In Capital	Treasury Stock	Accumulated Deficit	Accumulated Other Comprehensive Loss	Total Madison Square Garden Sports Corp. Stockholders’ Equity	Non - redeemable Noncontrolling Interests
Beginning balance at Jun. 30, 2019	$ 2,638,760	$ 249	$ 2,845,961	$ (207,790)	$ 29,003	$ (46,923)	$ 2,620,500	$ 18,260
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest	13,087				14,160		14,160	(1,073)
Other comprehensive income (loss)	13,853					13,853	13,853
Comprehensive income (loss)	26,940						28,013	(1,073)
Share-based compensation	36,067		36,067				36,067
Tax withholding associated with shares issued for equity-based compensation	(26,264)		(26,264)				(26,264)
Common stock issued under stock incentive plans	0		(21,897)	21,897			0
Contributions from noncontrolling interest holders	3,709							3,709
Distributions to noncontrolling interest holders	(535)							(535)
Ending balance at Dec. 31, 2019	2,678,677	249	2,833,867	(185,893)	43,163	(33,070)	2,658,316	20,361
Redeemable Noncontrolling Interests at Jun. 30, 2019	67,627
Redeemable Noncontrolling Interests
Net income (loss) attributable to redeemable noncontrolling interests	(1,404)
Comprehensive income (loss) attributable to redeemable noncontrolling interests	(1,404)
Distributions to Redeemable Noncontrolling Interest Holders	0
Redeemable Noncontrolling Interests at Dec. 31, 2019	66,223
Beginning balance at Sep. 30, 2019	2,544,982	249	2,819,449	(186,583)	(50,978)	(56,602)	2,525,535	19,447
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest	93,590				94,141		94,141	(551)
Other comprehensive income (loss)	23,532					23,532	23,532
Comprehensive income (loss)	117,122						117,673	(551)
Share-based compensation	17,926		17,926				17,926
Tax withholding associated with shares issued for equity-based compensation	(2,818)		(2,818)				(2,818)
Common stock issued under stock incentive plans	0		(690)	690			0
Contributions from noncontrolling interest holders	2,000							2,000
Distributions to noncontrolling interest holders	(535)							(535)
Ending balance at Dec. 31, 2019	2,678,677	249	2,833,867	(185,893)	43,163	(33,070)	2,658,316	20,361
Redeemable Noncontrolling Interests at Sep. 30, 2019	67,464
Redeemable Noncontrolling Interests
Comprehensive income (loss) attributable to redeemable noncontrolling interests	(1,241)
Distributions to Redeemable Noncontrolling Interest Holders	0
Redeemable Noncontrolling Interests at Dec. 31, 2019	66,223
Beginning balance at Jun. 30, 2020	(203,435)	249	5,940	(167,431)	(43,605)	(2,139)	(206,986)	3,551
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest	(70,148)				(69,042)		(69,042)	(1,106)
Other comprehensive income (loss)	20					20	20
Comprehensive income (loss)	(70,128)						(69,022)	(1,106)
Share-based compensation	22,326		22,326				22,326
Tax withholding associated with shares issued for equity-based compensation	(13,891)		(11,023)		(2,868)		(13,891)
Common stock issued under stock incentive plans	0		(1,375)	19,846	(18,471)		0
Noncontrolling Interest, Period Increase (Decrease)	0		436				(436)	(436)
Ending balance at Dec. 31, 2020	(265,128)	249	15,432	(147,585)	(133,986)	(2,119)	(268,009)	2,881
Beginning balance at Sep. 30, 2020	(239,893)	249	0	(147,605)	(93,361)	(2,129)	(242,846)	2,953
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest	(41,133)				(40,625)		(40,625)	(508)
Other comprehensive income (loss)	10					10	10
Comprehensive income (loss)	(41,123)						(40,615)	(508)
Share-based compensation	15,981		15,981		0		15,981
Tax withholding associated with shares issued for equity-based compensation	(93)		(93)				(93)
Common stock issued under stock incentive plans	0		(20)	20			0
Noncontrolling Interest, Period Increase (Decrease)	0		436				436	(436)
Ending balance at Dec. 31, 2020	$ (265,128)	$ 249	$ 15,432	$ (147,585)	$ (133,986)	$ (2,119)	$ (268,009)	$ 2,881

Description of Business and Bas

Description of Business and Basis of Presentation	6 Months Ended
	Dec. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business and Basis of Presentation	Description of Business and Basis of Presentation Description of Business Madison Square Garden Sports Corp., formerly The Madison Square Garden Company (together with its subsidiaries, the “Company” or “MSG Sports”) owns and operates a portfolio assets featuring some of the most recognized teams in all of sports, including the New York Knickerbockers (“Knicks”) of the National Basketball Association (“NBA”) and the New York Rangers (“Rangers”) of the National Hockey League (“NHL”). Both the Knicks and the Rangers play their home games in Madison Square Garden Arena (“The Garden”). The Company’s other professional franchises include two development league teams — the Hartford Wolf Pack of the American Hockey League (“AHL”) and the Westchester Knicks of the NBA G League (“NBAGL”). These professional sports franchises are collectively referred to herein as the “sports teams.” In addition, the Company owns Knicks Gaming, an esports franchise that competes in the NBA 2K League, as well as a controlling interest in Counter Logic Gaming (“CLG”), a North American esports organization. The Company also operates two professional sports team performance centers — the Madison Square Garden Training Center in Greenburgh, NY and the CLG Performance Center in Los Angeles, CA. CLG and Knicks Gaming are collectively referred to herein as the “esports teams,” and together with the sports teams, the “teams.” The Company operates and reports financial information in one segment. The Company’s decision to report in one segment is based upon its internal organizational structure; the manner in which its operations are managed; the criteria used by the Company’s Executive Chairman, its Chief Operating Decision Maker (“CODM”), to evaluate segment performance. The Company’s CODM reviews total company operating results to assess overall performance and allocate resources. The Company was incorporated on March 4, 2015 as an indirect, wholly-owned subsidiary of MSG Networks Inc. (“MSG Networks”). All the outstanding common stock of the Company was distributed to MSG Networks shareholders (the “MSGS Distribution”) on September 30, 2015. On April 17, 2020 (the “MSGE Distribution Date”), the Company distributed all of the outstanding common stock of Madison Square Garden Entertainment Corp. (formerly MSG Entertainment Spinco, Inc. and referred to herein as “MSG Entertainment”) to its stockholders (the “MSGE Distribution”). MSG Entertainment owns, directly or indirectly, the entertainment business previously owned and operated by the Company through its MSG Entertainment business segment and the sports booking business previously owned and operated by the Company through its MSG Sports business segment. In the MSGE Distribution, (a) each holder of the Company’s Class A common stock received one share of MSG Entertainment Class A common stock, par value $0.01 per share, for every share of the Company’s Class A common stock held of record as of the close of business, New York City time, on April 13, 2020 (the “Record Date”), and (b) each holder of the Company’s Class B common stock received one share of MSG Entertainment Class B common stock, par value $0.01 per share, for every share of the Registrant’s Class B common stock held of record as of the close of business, New York City time, on the Record Date. Basis of Presentation The accompanying unaudited consolidated interim financial statements (referred to as the “Financial Statements” herein) have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP“) and Article 10 of Regulation S-X of the SEC for interim financial information, and should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended June 30, 2020 (“fiscal year 2020”). The Financial Statements presented in this Quarterly Report on Form 10-Q are unaudited; however, in the opinion of management, the Financial Statements reflect all adjustments, consisting solely of normal recurring adjustments, necessary for a fair presentation of the results for the interim periods presented. The results of operations for the periods presented are not necessarily indicative of the results that might be expected for future interim periods or for the full year. The dependence of MSG Sports on revenues from its NBA and NHL sports teams generally means it earns a disproportionate share of its revenues in the second and third quarters of the Company’s fiscal year. However, on March 11 and 12, 2020, the NBA and NHL, respectively, suspended their 2019-20 seasons due to COVID-19. In July and August 2020, the NBA and NHL, respectively, restarted their seasons. As a result, the Company recognized certain revenues that otherwise would have been recognized during the third and fourth quarter of fiscal year 2020 during the first quarter of fiscal year 2021. In addition, on December 16, 2020 and January 14, 2021, respectively, the Knicks and Rangers resumed playing their home games at The Garden as part of the 2020-21 seasons. Due to the delayed start of the 2020-21 NBA and NHL seasons, the Company will recognize certain revenues during the third and fourth quarters of fiscal year 2021 that otherwise would have been recognized during the second and third quarters of fiscal year 2021, respectively. Reclassifications The historical results of MSG Entertainment have been reflected in the accompanying consolidated statements of operations for the three and six months ended December 31, 2019 as discontinued operations. See Note 3 for more information. In addition, certain reclassifications have been made in order to conform to the current period’s presentation and relate to the separation of Deferred revenue, noncurrent, which was previously reported in Other liabilities in the consolidated balance sheet as of June 30, 2020. Impact of COVID-19 COVID-19 disruptions have materially impacted the Company’s revenues and the Company is recognizing materially less revenues, or in some cases no revenues, across a number of areas. Those areas include: ticket sales; the Company’s share of suite licenses; sponsorships; signage and in-venue advertising at The Garden; and food, beverage and merchandise sales. In addition, the Knicks and Rangers will play fewer games during the 2020-21 regular seasons, with the NBA scheduled to play a 72-game regular season schedule while the NHL is scheduled to play a 56-game regular season schedule. These compare to traditional 82-game regular season schedules for both the NBA and NHL. While The Garden was closed due to the government mandated suspension of events as a result of COVID-19, the Knicks and Rangers were not required to pay license fees to MSG Entertainment under the Arena License Agreements. On December 16, 2020 and January 14, 2021, respectively, the Knicks and Rangers resumed playing their homes games at The Garden as part of the 2020-21 seasons. However, fans are currently prohibited from attending events due to ongoing government-mandated assembly restrictions. No assurances can be made that games at The Garden this season will be played with any in-arena audiences or, that if fans are permitted, that audience capacity would not be limited. When games are played at The Garden by the Knicks and Rangers either without fans in attendance or with limited fans in attendance due to government mandated capacity constraints, the applicable rent paid to MSG Entertainment is reduced by up to 80%. During the six months ended December 31, 2020, as a result of COVID-19, the Company implemented cost-reduction measures that included workforce reductions and limits on discretionary spending. In addition, as a result of the disruptions caused by COVID-19, certain operating expenses are reduced including (i) rent payments to MSG Entertainment under the Arena License Agreements, (ii) NBA league assessments and day-of-game expenses for the Knicks and Rangers games, and (iii) league revenue sharing and team personnel expense. These expense reductions will not fully offset revenue losses. Additionally, as the Knicks and Rangers returned to play in December 2020 and January 2021, respectively, and in anticipation of fans returning to the building in the future, certain costs will increase including day-of-game expenses and certain selling, general and administrative costs. The Company believes that it has sufficient liquidity, including approximately $70,800 in Cash and cash equivalents as of December 31, 2020, along with available borrowing capacity under existing credit facilities, to fund its operations and satisfy any obligations with respect to the return or application of deferred revenue over the next 12 months. At this time, the Company’s management is unable to predict when the Company will be able to resume normal business operations and if there will be any longer-term effects due to these COVID-related disruptions. The Company’s business is also particularly sensitive to discretionary business and consumer spending. COVID-19 could impede economic activity in impacted regions or globally over the long-term, causing a global recession and leading to a further decline in discretionary spending on sporting events and other leisure activities, including declines in domestic and international tourism, which could result in long-term effects on the Company’s business.

Accounting Policies

Accounting Policies	6 Months Ended
	Dec. 31, 2020
Accounting Policies [Abstract]
Accounting Policies	Accounting Policies Principles of Consolidation The consolidated financial statements of the Company include the accounts of Madison Square Garden Sports Corp. and its subsidiaries. All significant intercompany transactions and balances have been eliminated in consolidation. In addition, the consolidated financial statements of the Company include the accounts from CLG, in which the Company has a controlling voting interest. The Company’s consolidation criteria are based on authoritative accounting guidance for voting interest, controlling interest or variable interest entities. CLG is consolidated with the equity owned by other shareholders shown as nonredeemable noncontrolling interests in the accompanying consolidated balance sheets, and the other shareholders’ portion of net earnings (loss) and other comprehensive income (loss) shown as net income (loss) or comprehensive income (loss) attributable to nonredeemable noncontrolling interests in the accompanying consolidated statements of operations and consolidated statements of comprehensive income (loss), respectively. Use of Estimates The preparation of the accompanying Financial Statements in conformity with GAAP requires management to make estimates and assumptions about future events. These estimates and the underlying assumptions affect the amounts of assets and liabilities reported, disclosures about contingent assets and liabilities, and reported amounts of revenues and expenses. Such estimates include the valuation of accounts receivable, goodwill, intangible assets, other long-lived assets, deferred tax valuation allowance, tax accruals and other liabilities. In addition, estimates are used in revenue recognition, revenue sharing expense (net of escrow), luxury tax expense, income tax expense, performance and share-based compensation, depreciation and amortization, litigation matters and other matters, as well as in the valuation of contingent consideration and noncontrolling interests resulting from business combination transactions. Management believes its use of estimates in the Financial Statements to be reasonable. Management evaluates its estimates on an ongoing basis using historical experience and other factors, including the general economic environment and actions it may take in the future. The Company adjusts such estimates when facts and circumstances dictate. However, these estimates may involve significant uncertainties and judgments and cannot be determined with precision. In addition, these estimates are based on management’s best judgment at a point in time and, as such, these estimates may ultimately differ from actual results. Changes in estimates resulting from weakness in the economic environment or other factors beyond the Company’s control could be material and would be reflected in the Company’s financial statements in future periods. Recently Issued Accounting Pronouncements Recently Adopted Accounting Pronouncements In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-13, Financial Instruments — Credit Losses . ASU No. 2016-13 replaces the incurred loss impairment methodology in current U.S. GAAP with a methodology that will require the reflection of expected credit losses and will also require consideration of a broader range of reasonable and supportable information to determine credit loss estimates. In May 2019, the FASB issued ASU No. 2019-05, Targeted Transition Relief , which amends Accounting Standards Codification (“ASC”) Topic 326 to provide an option to irrevocably elect to measure certain individual financial assets at fair value instead of amortized cost. In November 2019, FASB issued ASU No. 2019-11 to provide clarification guidance in a number of areas, including: (i) expected recoveries for purchased financial assets with credit deterioration, (ii) transition relief for troubled debt restructuring, (iii) disclosures related to accrued interest receivables, and (iv) financial assets secured by collateral maintenance provisions. For most financial instruments, the standard will require the use of a forward-looking expected loss model rather than the incurred loss model for recognizing credit losses, which will generally result in the earlier recognition of credit losses on financial instruments. In February 2020, the FASB issued ASU No. 2020-02, Financial Instruments — Credit Losses and Leases , which includes amendments pursuant to SEC Staff Accounting Bulletin No. 119. The Company adopted this standard as of the beginning of fiscal year 2021, and the adoption did not have an impact on its consolidated financial statements. The impact in future periods is not expected to be material. In August 2018, the FASB issued ASU No. 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement as part of the FASB’s broader disclosure framework project. ASU No. 2018-13 removes, modifies and adds certain disclosures providing greater focus on requirements that clearly communicate the most important information to the users of the financial statements with respect to fair value measurements. The Company adopted this standard as of the beginning of fiscal year 2021, and the adoption did not have an impact on its consolidated financial statements. In August 2018, the FASB issued ASU No. 2018-15, Intangibles - Goodwill and Other-Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That is a Service Contract. ASU No. 2018-15 aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. The guidance also specifies that the balance sheet, statement of operations, and statement of cash flows presentation of capitalized implementation costs and the related amortization should align with the presentation of the hosting (service) element of the arrangement. The Company adopted this standard as of the beginning of fiscal year 2021, and the adoption did not have an impact on its consolidated financial statements. However, to the extent future costs incurred in a cloud computing arrangement are capitalizable, the corresponding amortization will be included in “Direct operating expenses” or “Selling, general and administrative expenses” in the consolidated statements of operations, rather than “Depreciation and amortization.” In November 2018, the FASB issued ASU No. 2018-17, Targeted Improvements to Related Party Guidance for Variable Interest Entities. ASU No. 2018-17 amends the variable interest entities (“VIE”) guidance to align the evaluation of a decision maker’s or service provider’s fee in assessing a variable interest with the guidance in the primary beneficiary test. Specifically, indirect interests held by a related party that is under common control will now be considered on a proportionate basis, rather than in their entirety, when assessing whether the fee qualifies as a variable interest. The proportionate basis approach is consistent with the treatment of indirect interests held by a related party under common control when evaluating the primary beneficiary of a VIE. This effectively means that when a decision maker or service provider has an interest in a related party, regardless of whether they are under common control, it will consider that related party’s interest in a VIE on a proportionate basis throughout the VIE model for both the assessment of a variable interest and the determination of a primary beneficiary. The Company adopted this standard as of the beginning of fiscal year 2021, and the adoption did not have an impact on its consolidated financial statements. In April 2019, the FASB issued ASU No. 2019-04, Codification Improvements to Topic 326, Financial Instruments - Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825 - Financial Instruments. This ASU provides narrow-scope amendments to help apply these recent standards. The Company adopted this standard as of the beginning of fiscal year 2021, and the adoption did not have an impact on its consolidated financial statements. In November 2019, the FASB issued ASU No. 2019-08, Compensation - Stock Compensation (Topic 718) and Revenue from Contracts with Customers (Topic 606): Codification Improvements - Share-Based Consideration Payable to a Customer. This ASU requires that share-based payment awards issued to a customer in connection with a revenue arrangement be recorded as a reduction of the transaction price in revenue. The amount recorded as a reduction of the transaction price is measured using the grant-date fair value of the award and is classified in accordance with ASC Topic 718. Changes in the measurement of the share-based payments after the grant date that are due to the form of the consideration are not included in the transaction price and are recorded elsewhere in the statement of operations. The award is measured and classified under ASC Topic 718 for its entire life, unless the award is modified after it vests and the grantee is no longer a customer. The Company adopted this standard as of the beginning of fiscal year 2021, and the adoption did not have an impact on its consolidated financial statements. In January 2020, the FASB issued ASU No. 2020-01, Investments-Equity Securities (Topic 321), Investments - Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815): Clarifying the Interactions between Topic 321, Topic 323, and Topic 815. The amendments in this ASU clarify that an entity should consider observable transactions that require it to either apply or discontinue the equity method of accounting for the purposes of applying the measurement alternative in accordance with Topic 321 immediately before applying or upon discontinuing the equity method. In addition, the amendments clarify the accounting for certain forward contracts and purchased options accounted for under Topic 815. The Company adopted this standard as of the beginning of fiscal year 2021, and the adoption did not have an impact on its consolidated financial statements. Recently Issued Accounting Pronouncements Not Yet Adopted In August 2018, the FASB issued ASU No. 2018-14, Compensation-Retirement Benefits-Defined Benefit Plans - General (Subtopic 715-20): Disclosure Framework-Changes to the Disclosure Requirements for Defined Benefit Plans. ASU No. 2018-14 removes certain disclosures that are not considered cost beneficial, clarifies certain required disclosures and adds additional disclosures. The standard will be effective for the Company in the fourth quarter of fiscal year 2021, with early adoption permitted. The amendments in ASU No. 2018-14 are required to be applied retrospectively. The adoption of this standard, which relates to disclosure, is not expected to have a material impact on the Company’s consolidated financial statements. In December 2019, the FASB issued ASU No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes. This ASU eliminates certain exceptions to the general approach in ASC Topic 740 and includes methods of simplification to the existing guidance. The new guidance is effective for the Company in the first quarter of fiscal year 2022, with early adoption permitted. The adoption of this standard is not expected to have a material impact on the Company’s consolidated financial statements. In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting. This ASU provides temporary optional expedients and exceptions to the guidance on contract modifications and hedge accounting to ease the financial reporting burdens of the expected market transition from the London Interbank Offered Rate (“LIBOR”) and other interbank offered rates to alternative reference rates. In January 2021, the FASB issued ASU 2021-01, which refines the scope of Topic 848 and clarifies some of its guidance as part of FASB’s monitoring of global reference rate activities. The new guidance was effective upon issuance, and the Company may elect to apply the amendments prospectively through December 31, 2022. The Company is currently evaluating the impact this standard will have on its consolidated financial statements.

Discontinued Operations

Discontinued Operations	6 Months Ended
	Dec. 31, 2020
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations	Discontinued Operations As a result of the MSGE Distribution, the results of the entertainment business previously owned and operated by the Company through its MSG Entertainment business segment and the sports booking business previously owned and operated by the Company through its MSG Sports business segment through the MSGE Distribution Date, as well as transaction costs related to the MSGE Distribution, have been classified in the accompanying consolidated statement of operations for the three and six months ended December 31, 2019 as discontinued operations. See Note 3 to the consolidated financial statements included in the Company’s Annual Report on Form 10-K for the year ended June 30, 2020 for more information. The table below sets forth operating results of discontinued operations for the three and six months ended December 31, 2019. Amounts presented below differ from historically reported results for the MSG Entertainment business segment due to reclassifications and adjustments made for purposes of discontinued operations. Three Months Ended Six Months Ended December 31, 2019 December 31, 2019 Revenues $ 336,260 $ 501,375 Direct operating expenses 173,756 287,972 Selling, general and administrative expenses 58,138 114,885 Depreciation and amortization 23,291 47,437 Operating income 81,075 51,081 Other income (expense): Loss in equity method investments (1,170) (2,643) Interest income 6,036 13,059 Interest expense (919) (2,183) Miscellaneous income, net 9,387 14,551 Income from discontinued operations before income taxes 94,409 73,865 Income tax benefit (expense) 1,597 (18,334) Net income from discontinued operations 96,006 55,531 Less: Net loss attributable to redeemable noncontrolling interests (1,241) (1,404) Less: Net loss attributable to nonredeemable noncontrolling interests (86) (158) Net income from discontinued operations attributable to Madison Square Garden Sports Corp.’s stockholders $ 97,333 $ 57,093 As permitted under ASU 2014-08, the Company has elected not to adjust the consolidated statement of cash flows for the six months ended December 31, 2019 to exclude cash flows attributable to discontinued operations. The table below sets forth, for the period presented, significant selected financial information related to the MSG Entertainment business segment and the sports booking business previously owned and operated by the Company through its MSG Sports business segment through the MSGE Distribution Date, which is included in the accompanied consolidated statements of cash flows: Six Months Ended December 31, 2019 Non-cash items included in net income (loss): Depreciation and amortization $ 47,437 Share-based compensation expense 5,534 Cash flows from investing activities: Capital expenditures $ 208,122 Non-cash investing activities: Capital expenditures incurred but not yet paid $ 46,151

Revenue Recognition

Revenue Recognition	6 Months Ended
	Dec. 31, 2020
Revenue Recognition [Abstract]
Revenue Recognition	Revenue Recognition Contracts with Customers All revenue recognized in the consolidated statements of operations is considered to be revenue from contracts with customers. For the three and six months ended December 31, 2020 and 2019, the Company did not have any material impairment losses on receivables or contract assets arising from contracts with customers. Disaggregation of Revenue The following table disaggregates the Company’s revenues by type of goods or services in accordance with the required entity-wide disclosure requirements set forth in ASC Subtopic 280-10-50-38 to 40 and the disaggregation of revenue required disclosures in accordance with ASC Subtopic 606-10-50-5 for the three and six months ended December 31, 2020 and 2019: Three Months Ended Six Months Ended December 31, December 31, 2020 2019 2020 2019 Event-related (a) $ — $ 124,046 $ — $ 131,466 Media rights (b) 22,306 101,185 72,495 107,396 Sponsorship, signage and suite licenses 3,995 60,235 6,945 80,376 League distributions and other 2,470 7,332 6,369 23,410 Total revenues from contracts with customers $ 28,771 $ 292,798 $ 85,809 $ 342,648 _________________ (a) Consists of (i) ticket sales and other ticket-related revenues, and (ii) food, beverage and merchandise sales. (b) Consists of (i) local media rights fees from MSG Networks, (ii) revenue from the distribution through league-wide national and international television contracts, and (iii) other local radio rights fees. The timing of revenue recognition, billings and cash collections results in billed receivables, contract assets and contract liabilities on the consolidated balance sheet. The following table provides information about contract balances from the Company’s contracts with customers as of December 31, 2020 and June 30, 2020. December 31, June 30, 2020 2020 Receivables from contracts with customers, net (a) $ 25,887 $ 8,035 Contract assets, current (b) 4,276 4,112 Deferred revenue, including non-current portion (c), (d) 232,307 128,362 _________________ (a) Receivables from contracts with customers, net, which are reported in Accounts receivable, net and Net related party receivables in the Company’s accompanying consolidated balance sheets, represent the Company’s unconditional rights to consideration under its contracts with customers. As of December 31, 2020 and June 30, 2020, the Company’s receivables reported above included $990 and $632, respectively, related to various related parties associated with contracts with customers. See Note 16 for further details on related party arrangements. (b) Contract assets, current, which are reported as Other current assets in the Company’s accompanying consolidated balance sheets, primarily relate to the Company’s rights to consideration for goods or services transferred to the customer, for which the Company does not have an unconditional right to bill as of the reporting date. Contract assets are transferred to accounts receivable once the Company’s right to consideration becomes unconditional. (c) Deferred revenue, including non-current portion primarily relates to the Company’s receipt of consideration from customers or billing customers in advance of the Company’s transfer of goods or services to those customers. Deferred revenue is reduced and the related revenue is recognized once the underlying goods or services are transferred to a customer. The non-current portion of deferred revenue primarily consists of a $30,000 receipt from the NBA in December 2020 of league distributions in advance of the Company’s recognition. The Company’s deferred revenue related to local media rights with MSG Networks was $56,341 and $0 as of December 31, 2020 and June 30, 2020, respectively. See Note 16 for further details on these related party arrangements. (d) Revenue recognized for the six months ended December 31, 2020 relating to the deferred revenue balance as of June 30, 2020 was $44,392. Transaction Price Allocated to the Remaining Performance Obligations The following table depicts the estimated revenue expected to be recognized in the future related to performance obligations that are unsatisfied (or partially unsatisfied) as of December 31, 2020 and is based on current projections. In developing the estimated revenue, the Company applies the allowable practical expedient and does not disclose information about remaining performance obligations that have original expected durations of one year or less. Additionally, the Company has elected to exclude variable consideration from its disclosure related to the remaining performance obligations under its local media rights arrangements with MSG Networks. Fiscal Year 2021 (remainder) $ 18,833 Fiscal Year 2022 74,791 Fiscal Year 2023 47,966 Fiscal Year 2024 34,515 Fiscal Year 2025 23,896 Thereafter 29,809 $ 229,810

Computation of Earnings (Loss)

Computation of Earnings (Loss) per Common Share	6 Months Ended
	Dec. 31, 2020
Earnings Per Share [Abstract]
Computation of Earnings (Loss) per Common Share	Computation of Earnings (Loss) per Common Share The following table presents a reconciliation of weighted-average shares used in the calculations of basic and diluted earnings (loss) per common share attributable to the Company’s stockholders (“EPS”) and the number of shares excluded from diluted earnings (loss) per common share, as they were anti-dilutive. Three Months Ended Six Months Ended December 31, December 31, 2020 2019 2020 2019 Weighted-average shares (denominator): Weighted-average shares for basic EPS 24,144 23,913 24,103 23,870 Dilutive effect of shares issuable under share-based compensation plans — 66 — 107 Weighted-average shares for diluted EPS 24,144 23,979 24,103 23,977 Weighted-average shares excluded from diluted earnings per share 152 510 403 507

Team Personnel Transactions

Team Personnel Transactions	6 Months Ended
	Dec. 31, 2020
Team Personnel Transactions [Abstract]
Team Personnel Transactions	Team Personnel TransactionsDirect operating expenses in the accompanying consolidated statements of operations include a net expense for transactions relating to the Company’s sports teams for waiver/contract termination costs and player trades (“Team personnel transactions”). Team personnel transactions expense was $2,839 and $17,644 for the three months ended December 31, 2020 and 2019, respectively, and $13,712 and $27,887 for the six months ended December 31, 2020 and 2019, respectively.

Cash, Cash Equivalents and Rest

Cash, Cash Equivalents and Restricted Cash	6 Months Ended
	Dec. 31, 2020
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract]
Cash, Cash Equivalents and Restricted Cash	Cash, Cash Equivalents and Restricted Cash The following table provides a summary of the amounts recorded as cash, cash equivalents and restricted cash. As of December 31, June 30, December 31, June 30, Captions on the consolidated balance sheets: Cash and cash equivalents $ 70,762 $ 77,852 $ 2,425 $ 4,317 Restricted cash (a) 9,500 12,821 25,103 21,519 Cash, cash equivalents and restricted cash on the consolidated statements of cash flows $ 80,262 $ 90,673 $ 27,528 $ 25,836 _________________ (a) Restricted cash as of December 31, 2020 relates to the Company’s revolving credit facilities (see Note 12 for more information). For all prior periods, restricted cash primarily included cash deposited in escrow account (see Note 2 to the consolidated financial statements included in the Company’s Annual Report on Form 10-K for the year ended June 30, 2020 for more information).

Leases

Leases	6 Months Ended
	Dec. 31, 2020
Leases [Abstract]
Leases	Leases The Company’s leases primarily consist of the lease of the Company’s principal executive offices under the Sublease Agreement with MSG Entertainment (the “Sublease Agreement”) and the lease of CLG Performance Center. In, addition, the Company accounts for the rights of use of The Garden pursuant to the Arena License Agreements as leases under the ASC Topic 842, Leases. See Note 9 to the consolidated financial statements included in the Company’s Annual Report on Form 10-K for the year ended June 30, 2020 for more information regarding the Company’s accounting policies associated with its leases. On April 17, 2020, in connection with the MSGE Distribution, the Company entered into the Sublease Agreement. The sublease right of use (“ROU”) assets and liabilities are recorded on the balance sheet at lease commencement based on the present value of minimum base rent and other fixed payments over the reasonably certain lease term, which ends April 30, 2024. In addition, in connection with the MSGE Distribution, the Company entered into the Arena License Agreements with MSG Entertainment that end on June 30, 2055 and allow the Knicks and the Rangers to continue to play their home games at The Garden. The Arena License Agreements provide for fixed payments to be made from inception through June 30, 2055 in 12 equal installments during each year of the contractual term. The Garden was not available for use between April 17, 2020 and the start of the NBA and NHL seasons in December 2020 and January 2021, respectively, due to the COVID-19 pandemic and local government restrictions on gatherings. The Company was not required to make license payments while The Garden was unavailable for use. During the three months ended December 31, 2020, the Company recognized operating lease costs associated with the Knicks Arena License Agreement with respect to Knicks games played at The Garden in December 2020. On December 31, 2020 the assets and liabilities associated with the Rangers Arena License Agreement were remeasured utilizing the same discount rate as of April 17, 2020, taking into account the unpaid monthly installments during the lease period as a resolution of a lease contingency, since the Rangers did not resume play at The Garden until January 2021. As of December 31, 2020, the Company’s existing operating leases, which are recorded in the accompanying financial statements, have remaining lease terms ranging from 20 months to 35 years. In certain instances, leases include options to renew, with varying option terms. The exercise of lease renewals, if available under the lease options, is generally at the Company’s discretion and is considered in the Company’s assessment of the respective lease term. The Company’s lease agreements do not contain material residual value guarantees or material restrictive covenants. The following table summarizes the ROU assets and lease liabilities recorded on the Company’s accompanying consolidated balance sheets as of December 31, 2020 and June 30, 2020: Line Item in the Company’s Consolidated Balance Sheet December 31, June 30, Right-of-use assets: Operating leases Right-of-use lease assets $ 711,882 $ 718,051 Lease liabilities: Operating leases, current (a) Operating lease liabilities, current $ 26,807 $ 39,131 Operating leases, noncurrent (a) Operating lease liabilities, noncurrent 687,535 679,053 Total lease liabilities $ 714,342 $ 718,184 _________________ (a) As of December 31, 2020, Operating lease liabilities, current and Operating lease liabilities, noncurrent included balances of $26,403 and $686,978, respectively, that are payable to MSG Entertainment. As of June 30, 2020, Operating lease liabilities, current and Operating lease liabilities, noncurrent included balances of $38,770 and $678,366, respectively, that are payable to MSG Entertainment. The following table summarizes the activity recorded within the Company’s accompanying consolidated statements of operations for the three and six months ended December 31, 2020 and 2019: Line Item in the Company’s Consolidated Statement of Operations Three Months Ended December 31, Six Months Ended December 31, 2020 2019 2020 2019 Operating lease cost Direct operating expenses $ 2,308 $ 96 $ 2,398 $ 185 Operating lease cost Selling, general and administrative expenses 611 — 1,222 — Short-term lease cost Direct operating expenses 27 42 51 84 Short term lease costs Selling, general and administrative expenses — — — — Total lease cost $ 2,946 $ 138 $ 3,671 $ 269 Supplemental Information For the six months ended December 31, 2020 and 2019, cash paid for amounts included in the measurement of lease liabilities was $1,299 and $200, respectively. The weighted average remaining lease term for operating leases recorded on the accompanying consolidated balance sheet as of December 31, 2020 was 34.1 years. The weighted average discount rate was 7.13% as of December 31, 2020 and represented the Company’s estimated incremental borrowing rate, assuming a secured borrowing, based on the remaining lease term at the time of either (i) adoption of the standard or (ii) the period in which the lease term expectation commenced or was modified. Maturities of operating lease liabilities as of December 31, 2020 are as follows: Fiscal Year 2021 (remainder) $ 6,390 Fiscal Year 2022 43,563 Fiscal Year 2023 45,029 Fiscal Year 2024 44,937 Fiscal Year 2025 44,052 Thereafter 2,158,686 Total lease payments 2,342,657 Less imputed interest (1,628,315) Total lease liabilities $ 714,342

Goodwill and Intangible Assets

Goodwill and Intangible Assets	6 Months Ended
	Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Goodwill and Intangible Assets During the first quarter of fiscal year 2021, the Company performed its annual impairment test of goodwill and determined that there were no impairments identified as of the impairment test date. The carrying amount of goodwill as of December 31, 2020 and June 30, 2020 is $226,955. The Company’s indefinite-lived intangible assets as of December 31, 2020 and June 30, 2020 are as follows: Sports franchises $ 111,064 Photographic related rights 1,080 $ 112,144 During the first quarter of fiscal year 2021, the Company performed its annual impairment test of identifiable indefinite-lived intangible assets and determined that there were no impairments identified as of the impairment test date. The Company’s intangible assets subject to amortization are as follows: December 31, 2020 Gross Accumulated Net Trade names $ 2,300 $ (1,572) $ 728 Non-compete agreements 2,400 (1,640) 760 Other intangibles 1,200 (464) 736 $ 5,900 $ (3,676) $ 2,224 June 30, 2020 Gross Accumulated Net Trade names $ 2,300 $ (1,342) $ 958 Non-compete agreements 2,400 (1,400) 1,000 Other intangibles 1,200 (404) 796 $ 5,900 $ (3,146) $ 2,754

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Dec. 31, 2020
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements The carrying value and fair value of the Company’s financial instruments reported in the accompanying consolidated balance sheets are as follows: December 31, 2020 June 30, 2020 Carrying Fair Carrying Fair Liabilities Long-term debt (a) $ 380,000 $ 380,000 $ 350,000 $ 350,000 _________________ (a) The Company’s long-term debt is classified within Level II of the fair value hierarchy as it is valued using quoted indices of similar securities for which the inputs are readily observable. The fair value of the Company’s long-term debt is the same as its carrying amount as the facilities bear interest at a variable rate indexed to current market conditions. On November 6, 2020, the Company amended and extended these credit facilities and borrowed an additional $20,000 under the 2020 Knicks Revolving Credit Facility (as defined in Note 12) and $10,000 under the 2020 Rangers Revolving Credit Facility (as defined in Note 12). See Note 12 for further details. Contingent Consideration Liabilities In connection with the CLG acquisition (see Note 11 to the consolidated financial statements included in the Company’s Annual Report on Form 10-K for the year ended June 30, 2020 for further details), the Company recorded certain deferred and contingent consideration liabilities at fair value as part of the purchase price allocation. The following table provides a reconciliation of the deferred and contingent consideration liabilities in connection with the CLG acquisition: Six Months Ended December 31, 2020 Balance as of June 30, 2020 $ 336 Contingent consideration payment (200) Change in fair value of contingent consideration (a) (136) Balance as of December 31, 2020 $ — _________________ (a) The change in fair value of contingent consideration, including accretion, was recorded within Selling, general and administrative expenses in the accompanying consolidated statement of operations for the six months ended December 31, 2020.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Dec. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Commitments As more fully described in Note 12 to the consolidated financial statements included in the Company’s Annual Report on Form 10-K for the year ended June 30, 2020, the Company’s commitments consist primarily of the Company’s obligations under employment agreements that the Company has with its professional sports teams’ personnel that are generally guaranteed regardless of employee injury or termination. In addition, see Note 8 for more information on the contractual obligations related to future lease payments. The Company did not have any material changes in its contractual obligations, including off-balance sheet commitments, since the end of fiscal year 2020 other than the amended and extended credit facilities described in Note 12 and activities in the ordinary course of business. Legal Matters The Company is a defendant in various lawsuits. Although the outcome of these lawsuits cannot be predicted with certainty (including the extent of available insurance), management does not believe that resolution of these lawsuits will have a material adverse effect on the Company.

Credit Facilities

Credit Facilities	6 Months Ended
	Dec. 31, 2020
Debt Disclosure [Abstract]
Credit Facilities	Credit Facilities Knicks Revolving Credit Facility On September 30, 2016, New York Knicks, LLC (“Knicks LLC”), a wholly owned subsidiary of the Company, entered into a credit agreement (the “2016 Knicks Credit Agreement”) with a syndicate of lenders providing for a senior secured revolving credit facility of up to $200,000 with a term of five years (the “2016 Knicks Revolving Credit Facility”) to fund working capital needs and for general corporate purposes. The 2016 Knicks Revolving Credit Facility would have matured and any unused commitments thereunder would have expired on September 30, 2021. On November 6, 2020, the Company amended and restated the 2016 Knicks Credit Agreement in its entirety (the “2020 Knicks Credit Agreement”). The 2020 Knicks Credit Agreement provides for a senior secured revolving credit facility of up to $275,000 (the “2020 Knicks Revolving Credit Facility”) to fund working capital needs and for general corporate purposes. The maturity date of the 2020 Knicks Credit Agreement is November 6, 2023. Amounts borrowed may be distributed to the Company except during an event of default. All borrowings under the 2020 Knicks Revolving Credit Facility are subject to the satisfaction of certain customary conditions. Borrowings under the 2020 Knicks Credit Agreement bear interest at a floating rate, which at the option of Knicks LLC may be either (i) a base rate plus a margin ranging from 0.500% to 0.750% per annum or (ii) LIBOR plus a margin ranging from 1.500% to 1.750% per annum. Knicks LLC is required to pay a commitment fee ranging from 0.250% to 0.300% per annum in respect of the average daily unused commitments under the 2020 Knicks Revolving Credit Facility. The outstanding balance under the 2020 Knicks Revolving Credit Facility was $220,000 as of December 31, 2020. The interest rate on the 2020 Knicks Revolving Credit Facility as of December 31, 2020 was 1.65%. During the six months ended December 31, 2020 the Company made interest payments of $1,394. All obligations under the 2020 Knicks Revolving Credit Facility are secured by a first lien security interest in certain of Knicks LLC’s assets, including, but not limited to, (i) the Knicks LLC’s membership rights in the NBA and (ii) revenues to be paid to the Knicks LLC by the NBA pursuant to certain U.S. national broadcast agreements. Subject to customary notice and minimum amount conditions, Knicks LLC may voluntarily prepay outstanding loans under the 2020 Knicks Revolving Credit Facility at any time, in whole or in part, without premium or penalty (except for customary breakage costs with respect to Eurocurrency loans). Knicks LLC is required to make mandatory prepayments in certain circumstances, including without limitation if the maximum available amount under the 2020 Knicks Revolving Credit Facility is greater than 350% of qualified revenues. In addition to the financial covenant described above, the 2020 Knicks Credit Agreement and related security agreements contain certain customary representations and warranties, affirmative covenants and events of default. The 2020 Knicks Revolving Credit Facility contains certain restrictions on the ability of Knicks LLC to take certain actions as provided in (and subject to various exceptions and baskets set forth in) the 2020 Knicks Revolving Credit Facility, including the following: (i) incurring additional indebtedness and contingent liabilities; (ii) creating liens on certain assets; (iii) making restricted payments during the continuance of an event of default under the 2020 Knicks Revolving Credit Facility; (iv) engaging in sale and leaseback transactions; (v) merging or consolidating; and (vi) taking certain actions that would invalidate the secured lenders’ liens on any Knicks LLC’s collateral. The 2020 Knicks Revolving Credit Facility requires Knicks LLC to comply with a debt service ratio of 1.5:1.0 over a trailing four quarter period. As of December 31, 2020, Knicks LLC was in compliance with this financial covenant. Knicks Unsecured Credit Facility On September 30, 2016, Knicks LLC entered into an unsecured revolving credit facility with a lender for an initial maximum credit amount of $15,000 and a 364-day term (the “Knicks Unsecured Credit Facility”). Knicks LLC renewed this facility with the lender on the same terms in successive years and the facility was renewed for a new term effective as of September 25, 2020. On November 6, 2020, the Company terminated the Knicks Unsecured Credit Facility in its entirety. Knicks Holdings Credit Facility On November 6, 2020, Knicks Holdings, LLC, an indirect, wholly-owned subsidiary of the Company and the direct parent of Knicks LLC (“Knicks Holdings”), entered into a new credit agreement with a syndicate of lenders (the “2020 Knicks Holdings Credit Agreement”). The 2020 Knicks Holdings Credit Agreement provides for a revolving credit facility of up to $75,000 (the “2020 Knicks Holdings Revolving Credit Facility” to fund working capital needs and for general corporate purposes. The 2020 Knicks Holdings Revolving Credit Facility requires Knicks Holdings to comply with a debt service ratio of 1.1:1.0 over a trailing four quarter period. As of December 31, 2020, Knicks Holdings was in compliance with this financial covenant. The 2020 Knicks Holdings Revolving Credit Facility will mature and any unused commitments thereunder will expire on November 6, 2023. All borrowings under the 2020 Knicks Holdings Revolving Credit Facility are subject to the satisfaction of certain customary conditions. Borrowings under the 2020 Knicks Holdings Revolving Credit Facility bear interest at a floating rate, which at the option of Knicks Holdings may be either (i) a base rate plus a margin ranging from 1.000% to 1.250% per annum or (ii) LIBOR plus a margin ranging from 2.000% to 2.250% per annum. Knicks Holdings is required to pay a commitment fee ranging from 0.375% to 0.500% per annum in respect of the average daily unused commitments under the 2020 Knicks Holdings Revolving Credit Facility . There was no borrowing under the 2020 Knicks Holdings Revolving Credit Facility as of December 31, 2020. All obligations under the 2020 Knicks Holdings Revolving Credit Facility are secured by debt service and distribution accounts maintained by Knicks Holdings, and includes a guarantee from MSG NYK Holdings, LLC, an indirect wholly-owned subsidiary of the Company and the direct parent of Knicks Holdings. Subject to customary notice and minimum amount conditions, Knicks Holdings may voluntarily prepay outstanding loans under the 2020 Knicks Holdings Revolving Credit Facility at any time, in whole or in part, without premium or penalty (except for customary breakage costs with respect to Eurocurrency loans). Knicks Holdings is required to make mandatory prepayments in certain circumstances, including if the amount of commitments under the 2020 Knicks Holdings Revolving Credit Facility increase above $350,000. In addition to the financial covenant described above, the 2020 Knicks Holdings Revolving Credit Facility and related security agreements contain certain customary representations and warranties, affirmative covenants and events of default. The 2020 Knicks Holdings Revolving Credit Facility contains certain restrictions on the ability of Knicks Holdings to take certain actions as provided in (and subject to various exceptions and baskets set forth in) the 2020 Knicks Holdings Revolving Credit Facility , including the following: (i) incurring additional indebtedness and contingent liabilities; (ii) creating liens on certain assets; (iii) making restricted payments during the continuance of an event of default under the 2020 Knicks Holdings Revolving Credit Facility ; (iv) engaging in sale and leaseback transactions; (v) merging or consolidating; and (vi) taking certain actions that would invalidate the secured lenders’ liens on any Knicks Holdings’ collateral. Rangers Revolving Credit Facility On January 25, 2017, New York Rangers, LLC (“Rangers LLC”), a wholly owned subsidiary of the Company, entered into a credit agreement (the “2017 Rangers Credit Agreement”) with a syndicate of lenders providing for a senior secured revolving credit facility of up to $150,000 with a term of five years (the “2017 Rangers Revolving Credit Facility”) to fund working capital needs and for general corporate purposes. The 2017 Rangers Revolving Credit Facility would have matured and any unused commitments thereunder would have expired on January 25, 2022. On November 6, 2020, the Company amended and restated the 2017 Rangers Credit Agreement in its entirety (the “2020 Rangers Credit Agreement”). The 2020 Rangers Credit Agreement provides for a senior secured revolving credit facility of up to $250,000 (the “2020 Rangers Revolving Credit Facility”) to fund working capital needs and for general corporate purposes. The maturity date of the 2020 Rangers Credit Agreement is November 6, 2023. Amounts borrowed may have been distributed to the Company except during an event of default. All borrowings under the 2020 Rangers Revolving Credit Facility were subject to the satisfaction of certain customary conditions. Borrowings under the 2020 Rangers Credit Agreement bear interest at a floating rate, which at the option of Rangers LLC may be either (i) a base rate plus a margin ranging from 0.750% to 1.250% per annum or (ii) LIBOR plus a margin ranging from 1.750% to 2.250% per annum. Rangers LLC is required to pay a commitment fee ranging from 0.375% to 0.625% per annum in respect of the average daily unused commitments under the 2020 Rangers Revolving Credit Facility. The outstanding balance under the 2020 Rangers Revolving Credit Facility was $160,000 as of December 31, 2020. The interest rate on the 2020 Rangers Revolving Credit Facility as of December 31, 2020 was 2.15%. During the six months ended December 31, 2020 the Company made interest payments of $1,361. All obligations under the 2020 Rangers Revolving Credit Facility are secured by a first lien security interest in certain of Rangers LLC’s assets, including, but not limited to, (i) Rangers LLC’s membership rights in the NHL, (ii) revenues to be paid to Rangers LLC by the NHL pursuant to certain U.S. and Canadian national broadcast agreements, and (iii) revenues to be paid to Rangers LLC pursuant to local media contracts. Subject to customary notice and minimum amount conditions, Rangers LLC may voluntarily prepay outstanding loans under the 2020 Rangers Revolving Credit Facility at any time, in whole or in part, without premium or penalty (except for customary breakage costs with respect to Eurocurrency loans). Rangers LLC is required to make mandatory prepayments in certain circumstances, including without limitation if qualified revenues are less than 17% of the maximum available amount under the 2020 Rangers Revolving Credit Facility. In addition to the financial covenant described above, the 2020 Rangers Credit Agreement and related security agreements contain certain customary representations and warranties, affirmative covenants and events of default. The 2020 Rangers Revolving Credit Facility contains certain restrictions on the ability of Rangers LLC to take certain actions as provided in (and subject to various exceptions and baskets set forth in) the 2020 Rangers Revolving Credit Facility, including the following: (i) incurring additional indebtedness and contingent liabilities; (ii) creating liens on certain assets; (iii) making restricted payments during the continuance of an event of default under the 2020 Rangers Revolving Credit Facility; (iv) engaging in sale and leaseback transactions; (v) merging or consolidating; and (vi) taking certain actions that would invalidate the secured lenders’ liens on any of Rangers LLC’s assets securing the obligations under the 2020 Rangers Revolving Credit Facility. The 2020 Rangers Revolving Credit Facility requires Rangers LLC to comply with a debt service ratio of 1.5:1.0 over a trailing four quarter period. As of December 31, 2020, Rangers LLC was in compliance with this financial covenant. Delayed Draw Term Loan Credit Facilities As an additional source of liquidity for the Company in response to the COVID-19 pandemic, on April 17, 2020, MSG NYR Holdings, LLC and MSG NYK Holdings, LLC, two indirect wholly-owned subsidiaries of the Company, each entered into a separate delayed draw term loan credit agreement with MSG Entertainment Group, LLC, a wholly-owned subsidiary of MSG Entertainment, as lender (the “DDTL Facilities”). The credit agreement for MSG NYK Holdings, LLC provided for a $110,000 senior unsecured delayed draw term loan facility and the credit agreement for MSG NYR Holdings, LLC provided for a $90,000 senior unsecured delayed draw term loan facility. On November 6, 2020, the Company terminated the DDTL Facilities in their entirety. Deferred Financing Costs The following table summarizes deferred financing costs, net of amortization, related to the Company’s credit facilities as reported on the accompanying consolidated balance sheet: December 31, 2020 (a) June 30, Other current assets $ 1,756 $ 675 Other assets 3,219 264 ————— (a) In connection with the 2020 Knicks Revolving Credit Facility , 2020 Knicks Holdings Revolving Credit Facility and

Pension Plans and Other Postret

Pension Plans and Other Postretirement Benefit Plan	6 Months Ended
	Dec. 31, 2020
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]
Benefit Plans	Benefit Plans Defined Benefit Pension Plans and Postretirement Benefit Plan Prior to the MSGE Distribution, the Company sponsored a non-contributory, qualified cash balance retirement plan covering its non-union employees (the “Cash Balance Pension Plan”) and an unfunded non-contributory, non-qualified excess cash balance plan (the “Excess Cash Balance Plan”) covering certain employees who participate in the underlying qualified plan (collectively, the “Cash Balance Plans”). Also, the Company historically sponsored an unfunded non-contributory, non-qualified defined benefit pension plan for the benefit of certain employees who participate in the underlying qualified plan (the “Excess Plan”). Prior to the MSGE Distribution, the Company sponsored a non-contributory, qualified defined benefit pension plan covering certain of its union employees (the “Union Plan”). Benefits payable to retirees under the Union Plan are based upon years of Benefit Service (as defined in the Union Plan document). The Cash Balance Plans, Union Plan and Excess Plan are collectively referred to as the “MSGE Pension Plans.” In addition, the Company also sponsored a contributory welfare plan which provided certain postretirement healthcare benefits to certain employees hired prior to January 1, 2001 who are eligible to commence receipt of early or normal benefits under the Cash Balance Pension Plan and their dependents, as well as certain union employees (“Postretirement Plan”). As of the MSGE Distribution Date, the Company and MSG Entertainment entered into an employee matters agreement (the “Employee Matters Agreement”) which determined each company’s obligations after the MSGE Distribution with regard to historical liabilities under the Company’s former pension and postretirement plans. See Note 14 to the consolidated financial statements included in the Company’s Annual Report on Form 10-K for the year ended June 30, 2020 for more information with regard to the liabilities retained by the Company from the Excess Cash Balance Plan and Excess Plan, which were transferred to the MSG Sports, LLC Excess Cash Balance Plan and MSG Sports, LLC Excess Retirement Plan, which the Company established in connection with the MSGE Distribution and are collectively referred to the “MSGS Pension Plans.” The following table presents components of net periodic benefit cost for the MSGE Pension Plans, MSGS Pension Plans and Postretirement Plan included in the accompanying consolidated statements of operations for the three and six months ended December 31, 2020 and 2019. Service cost is recognized in direct operating expenses and selling, general and administrative expenses. All other components of net periodic benefit cost are reported in Miscellaneous expense, net. MSGE Pension Plans & MSGS Pension Plans Postretirement Plan Three Months Ended Three Months Ended December 31, December 31, 2020 2019 2020 2019 Service cost $ — $ 20 $ — $ 17 Interest cost 60 1,328 — 27 Expected return on plan assets — (1,328) — — Recognized actuarial loss 10 344 — 2 Net periodic benefit cost $ 70 $ 364 $ — $ 46 MSGE Pension Plans & MSGS Pension Plans Postretirement Plan Six Months Ended Six Months Ended December 31, December 31, 2020 2019 2020 2019 Service cost $ — $ 48 $ — $ 35 Interest cost 120 2,656 — 55 Expected return on plan assets — (2,659) — — Recognized actuarial loss 20 680 — 5 Net periodic benefit cost $ 140 $ 725 $ — $ 95 Amounts presented in the table above include net periodic benefit cost related to continuing operations and discontinued operations as noted in the following table: MSGE Pension Plans & MSGS Pension Plans Postretirement Plan Three Months Ended Three Months Ended December 31, December 31, 2020 2019 2020 2019 Continuing Operations $ 70 $ 86 $ — $ — Discontinued Operations — 278 — 46 Total net periodic benefit cost $ 70 $ 364 $ — $ 46 MSGE Pension Plans & MSGS Pension Plans Postretirement Plan Six Months Ended Six Months Ended December 31, December 31, 2020 2019 2020 2019 Continuing Operations $ 140 $ 172 $ — $ — Discontinued Operations — 553 — 95 Total net periodic benefit cost $ 140 $ 725 $ — $ 95 Defined Contribution Plans Prior to the MSGE Distribution, the Company sponsored The Madison Square Garden 401(k) Savings Plan (the “401(k) Plan”), which is a multiple employer plan and the MSG S&E, LLC Excess Savings Plan (collectively referred to as the “Savings Plans”) and The Madison Square Garden 401(k) Union Plan (the “Union Savings Plan”), which is also a multiple employer plan. As a result of the MSGE Distribution, the Savings Plans and Union Savings Plan were transferred to MSG Entertainment. However, MSG Sports employees continue to participate in the 401(k) Plan. In addition, pursuant to the Employee Matters Agreement the Company established the MSG Sports LLC Excess Savings Plan to provide non-qualified retirement benefits to eligible MSG Sports employees. See Note 14 to the consolidated financial statements included in the Company’s Annual Report on Form 10-K for the year ended June 30, 2020 for more information with regard to the liabilities retained by the Company. Expenses related MSG Sports LLC Excess Savings Plan and Savings Plans that are included in the accompanying consolidated statements of operations for the three and six months ended December 31, 2020 and 2019 are as follows: Three Months Ended Six Months Ended December 31, December 31, 2020 2019 2020 2019 Continuing Operations $ 506 $ 2,096 $ 1,104 $ 4,006 Discontinued Operations — 787 — 1,504 Total Savings Plan Expenses $ 506 $ 2,883 $ 1,104 $ 5,510 For the three and six months ended December 31, 2019, expenses related to the Union Savings Plan of $31 and $53, respectively, have been classified in the accompanying consolidated statement of operations as discontinued operations.

Share-based Compensation

Share-based Compensation	6 Months Ended
	Dec. 31, 2020
Share-based Payment Arrangement [Abstract]
Share-based Compensation	Share-based Compensation See Note 15 to the consolidated financial statements included in the Company’s Annual Report on Form 10-K for the year ended June 30, 2020 for more information regarding the Company’s 2015 Employee Stock Plan (the “Employee Stock Plan”) and its 2015 Stock Plan for Non-Employee Directors. Share-based compensation expense was $15,981 and $22,326 for the three and six months ended December 31, 2020, respectively. Share-based compensation expense was $14,255 and $28,051 for the three and six months ended December 31, 2019, respectively. There were no costs related to share-based compensation in continuing operations that were capitalized for the three and six months ended December 31, 2020 and 2019, respectively. Share-based compensation expense for discontinued operations was $2,439 and $5,534 for the three and six months ended December 31, 2019, respectively. As a result of an agreement to settle an action (the “Settlement”) filed by a purported stockholder of the Company derivatively on behalf of the Company against certain directors of the Company who are members of the Dolan family and against the directors of the Company who were members of the Compensation Committee, Mr. Dolan voluntarily relinquished a one-time equity award granted by the Company in October 2018 pursuant to his 2018 employment agreement, and the related award agreements were canceled. The one-time equity award included: 32 target performance stock units and three grants of stock options to purchase an aggregate of 449 shares of Class A Common Stock, which were to vest over a four-year period. The Settlement became effective October 8, 2020 and therefore, upon cancellation, the Company recorded previously unrecognized share-based compensation expense of approximately $7,400 related to this award during the three and six months ended December 31, 2020. Restricted Stock Units Award Activity The following table summarizes activity related to the Company’s restricted stock units and performance restricted stock units, collectively referred to as “RSUs,” held by the Company and MSG Entertainment employees, for the six months ended December 31, 2020: Number of Weighted-Average Fair Value Per Share at Date of Grant (a) Nonperformance Performance Unvested award balance, June 30, 2020 275 327 $ 262.13 Granted 123 48 $ 162.22 Vested (110) (100) $ 239.33 Forfeited / Cancelled (12) (48) $ 284.89 Unvested award balance, December 31, 2020 276 227 $ 235.04 _____________________ (a) Weighted-average fair value per share at date of grant does not reflect any adjustments to awards granted prior to the MSGE Distribution. The fair value of RSUs that vested during the six months ended December 31, 2020 was $34,668. Upon delivery, RSUs granted under the Employee Stock Plan were net share-settled to cover the required statutory tax withholding obligations. To fulfill the Company’s and MSG Entertainment’s employees’ required statutory tax withholding obligations for the applicable income and other employment taxes, 84 of these RSUs, with an aggregate value of $13,891, inclusive of $7,106 related to MSG Entertainment employees (who vested in the Company’s RSUs), were retained by the Company and the taxes paid are reflected as a financing activity in the accompanying consolidated statement of cash flows for the six months ended December 31, 2020. The fair value of RSUs that vested during the six months ended December 31, 2019 was $59,032. The weighted-average fair value per share at grant date of RSUs granted during the six months ended December 31, 2019 was $247.18. Stock Options Award Activity The following table summarizes activity related to the Company’s stock options for the six months ended December 31, 2020: Number of Weighted-Average Exercise Price Per Share Weighted-Average Remaining Contractual Term (In Years) Aggregate Intrinsic Value Balance as of June 30, 2020 543 $ 225.79 Granted — $ — Cancelled (449) $ 242.51 Balance as of December 31, 2020 94 $ 145.78 6.96 $ 3,595 Exercisable as of December 31, 2020 94 $ 145.78 6.96 $ 3,595

Stock Repurchase Program

Stock Repurchase Program	6 Months Ended
	Dec. 31, 2020
Equity [Abstract]
Stock Repurchase Program	Stock Repurchase Program On September 11, 2015, the Company’s board of directors authorized the repurchase of up to $525,000 of the Company’s Class A Common Stock once the shares of the Company’s Class A Common Stock began “regular way” trading on October 1, 2015. Under the authorization, shares of Class A Common Stock may be purchased from time to time in accordance with applicable insider trading and other securities laws and regulations. The timing and amount of purchases will depend on market conditions and other factors. During the three and six months ended December 31, 2020, the Company did not engage in any share repurchase activities under its share repurchase program. As of December 31, 2020, the Company had $259,639 of availability remaining under its stock repurchase authorization.

Related Party Transactions

Related Party Transactions	6 Months Ended
	Dec. 31, 2020
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions As of December 31, 2020, members of the Dolan family including trusts for members of the Dolan family (collectively, the “Dolan Family Group”), for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, collectively beneficially own 100% of the Company’s outstanding Class B Common Stock and own approximately 3.0% of the Company’s outstanding Class A Common Stock. Such shares of the Company’s Class A Common Stock and Class B Common Stock, collectively, represent approximately 70.7% of the aggregate voting power of the Company’s outstanding common stock. Members of the Dolan family are also the controlling stockholders of MSG Entertainment, MSG Networks and AMC Networks Inc. (“AMC Networks”). Current Related Party Arrangements The Company is party to the following agreements and/or arrangements with MSG Entertainment and MSG Networks, as applicable: • Arena License Agreements pursuant to which MSG Entertainment (i) provides the right to use The Garden for games of the Knicks and Rangers for a 35-year term in exchange for arena license fees, (ii) shares revenues collected for suite licenses, (iii) operates and manages the sale of the sports teams merchandise at The Garden for a commission, (iv) operates and manages the sale of food and beverage concessions and catering services during the Knicks and Rangers home games, (v) provides day of game services that were historically provided prior to the MSGE Distribution, and (vi) provides other general services within The Garden; • Media rights agreements, that the Company and MSG Networks entered into in July 2015 with stated terms of 20 years, providing MSG Networks with local telecast rights for the Knicks and Rangers games in exchange for media rights fees; • Sponsorship sales and service representation agreements pursuant to which MSG Entertainment has the exclusive right and obligation to sell the Company’s sponsorships for an initial stated term of 10 years for a commission; • Team sponsorship allocation agreement with MSG Entertainment, pursuant to which teams continue receiving an allocation of sponsorship and signage revenues associated with the sponsorship agreements that existed at the MSGE Distribution Date; • Transition Services Agreement (the “TSA”) pursuant to which the Company receives certain services from MSG Entertainment, such as information technology, accounts payable, payroll, human resources, and other corporate functions, as well as the executive support services, in exchange for service fees; • A services agreement with MSG Networks, pursuant to which the Company provides certain legal services to MSG Networks (the “Current MSGN Services Agreement”); • Sublease agreement, pursuant to which the Company leases office space from MSG Entertainment; • Group ticket sales representation agreement, pursuant to which MSG Entertainment appointed the Company as its sales and service representative to sell group ticket packages related to MSG Entertainment events in exchange for a commission; • Single night rental commission agreement, pursuant to which the Company may, from time to time, sell (or make referrals for sales of) licenses for the use of suites at The Garden for individual MSG Entertainment events in exchange for a commission; • Aircraft sharing agreements pursuant to which MSG Entertainment has agreed from time to time to make its aircraft and an aircraft it leases from another related party available to the Company for lease on a “time sharing” basis; • Other agreements with MSG Entertainment entered into in connection with the MSGE Distribution, including a distribution agreement, a tax disaffiliation agreement, an employee matters agreement, a trademark license agreement and certain other arrangements; and • Other agreements with MSG Networks entered into in connection with the MSGS Distribution, including a distribution agreement, a tax disaffiliation agreement, an employee matters agreement and certain other arrangements. In addition, the Company shares certain executive support costs, including office space, executive assistants, security and transportation costs for: (i) the Company’s Executive Chairman with MSG Entertainment and MSG Networks; (ii) the Company’s Vice Chairman with AMC Networks, MSG Entertainment and MSG Networks; and (iii) the Company’s President and Chief Executive Officer with MSG Entertainment. Additionally, the Company, MSG Entertainment, MSG Networks and AMC Networks agreed on an allocation of the costs of certain personal aircraft and helicopter use by their shared executives. From time to time the Company has entered into, and is expected to continue to enter into, arrangements with 605, LLC. Kristin A. Dolan, a director of the Company and spouse of James L. Dolan, the Company’s Executive Chairman and a director, is the founder and Chief Executive Officer of 605, LLC. James L. Dolan and Kristin A. Dolan own 50% of 605, LLC. 605, LLC provides audience measurement and data analytics services to the Company and its subsidiaries in the ordinary course of business. Related Party Arrangements Prior to the MSGE Distribution Following the MSGE Distribution, except as otherwise noted, the Company is no longer party to the arrangements described below. However, the amounts associated with such arrangements are reflected in the Company’s results of operations for the periods prior to the MSGE Distribution. The Company had various agreements with MSG Networks, including an advertising sales representation agreement and a services agreement (the “Prior MSGN Services Agreement”). Pursuant to the Prior MSGN Services Agreement, which was effective July 1, 2019, the Company provided certain services to MSG Networks, such as information technology, accounts payable, payroll, human resources, and other corporate functions, as well as the executive support services described below, in exchange for service fees. MSG Networks also provided certain services to the Company, in exchange for service fees. Effective as of the MSGE Distribution, this agreement is now between MSG Entertainment and MSG Networks. The Company separately entered into the Current MSGN Services Agreement. See “— Current Related Party Arrangements.” The Company shared certain executive support costs, including office space, executive assistants, security and transportation costs, for (i) the Company’s Executive Chairman with MSG Networks and (ii) the Company’s Vice Chairman with MSG Networks and AMC Networks. Additionally, the Company, MSG Networks and AMC Networks agreed on an allocation of the costs of certain personal aircraft and helicopter use by their shared executives. Following the MSGE Distribution, the Company also shares these expenses with MSG Entertainment. See “— Current Related Party Arrangements.” Prior to September 2018, the Company had an arrangement with the Dolan Family Office, LLC (“DFO”), an entity owned and controlled by Charles F. Dolan, AMC Networks and MSG Networks providing for the sharing of certain expenses associated with executive office space which was available to James L. Dolan (the Executive Chairman and a director of the Company, the Executive Chairman, Chief Executive Officer and a director of MSG Entertainment, the Executive Chairman and a director of MSG Networks, and a director of AMC Networks), Charles F. Dolan (the father of James L. Dolan and the Executive Chairman and a director of AMC Networks and a director of the Company, MSG Entertainment and MSG Networks), and the DFO. The Company was a party to various Aircraft Support Services Agreements (the “Support Agreements”), pursuant to which the Company provided certain aircraft support services to entities controlled by (i) James L. Dolan, (ii) Charles F. Dolan, and (iii) Patrick F. Dolan, the son of Charles F. Dolan and brother of James L. Dolan. On December 17, 2018, the Company terminated the agreement providing services to the entity controlled by Charles F. Dolan, and entered into a new agreement with Charles F. Dolan and certain of his children, who are siblings of James L. Dolan, specifically: Thomas C. Dolan (a director of the Company), Deborah Dolan-Sweeney, Patrick F. Dolan, Marianne Dolan Weber (a director of the Company), and Kathleen M. Dolan, which provided substantially the same services as the prior agreement for a new aircraft. In addition, the Company was party to reciprocal time sharing/dry lease agreements with each of (i) Quart 2C, LLC (“Q2C”), a company controlled by James L. Dolan and Kristin A. Dolan, his spouse and a director of the Company, and (ii) Charles F. Dolan and Sterling Aviation, LLC, a company controlled by Charles F. Dolan (collectively, “CFD”), pursuant to which the Company has agreed from time to time to make its aircraft available to each of Q2C and CFD, and Q2C and CFD have agreed from time to time to make their aircraft available to the Company. Pursuant to the terms of the agreements, Q2C and/or CFD may lease on a non-exclusive, “time sharing” basis, the Company’s Gulfstream Aerospace G550 aircraft (the “G550 Aircraft”). On December 17, 2018, in connection with the purchase of a new aircraft (as noted above), the Company replaced the dry lease agreement with CFD with a new dry lease agreement with Sterling2k LLC, an entity owned and controlled by Deborah Dolan-Sweeney, the daughter of CFD and the sister of James L. Dolan, which provides for the Company’s usage of the new aircraft on the same terms as the prior agreement. On May 6, 2019, the Company entered into a dry lease agreement with Brighid Air, LLC (“Brighid Air”), a company owned and controlled by Patrick F. Dolan, pursuant to which the Company was permitted to lease on a non-exclusive basis Brighid Air’s Bombardier BD100-1A10 Challenger 350 aircraft (the “Challenger”). In connection with the dry lease agreement, on May 6, 2019, the Company also entered into a Flight Crew Services Agreement (the “Flight Crew Agreement”) with DFO, an entity owned and controlled by Charles F. Dolan, pursuant to which the Company was permitted to utilize pilots employed by DFO for purposes of flying the Challenger when the Company was leasing that aircraft under the Company’s dry lease agreement with Brighid Air. The Company and each of MSG Networks and AMC Networks were party to certain aircraft time sharing agreements, pursuant to which the Company agreed from time to time to make its aircraft available to MSG Networks and/or AMC Networks for lease on a “time sharing” basis. In addition to the aircraft arrangements described above, certain executives of the Company were party to aircraft time sharing agreements, pursuant to which the Company agreed from time to time to make certain aircraft available for lease on a “time sharing” basis for personal use in exchange for payment of actual expenses of the flight (as listed in the agreement). Revenues and Operating Expenses (Credits) The following table summarizes the composition and amounts of the transactions with the Company’s affiliates, primarily with MSG Networks. These amounts are reflected in revenues and operating expenses in the accompanying consolidated statements of operations for the three and six months ended December 31, 2020 and 2019: Three Months Ended December 31, Six Months Ended December 31, 2020 2019 2020 2019 Revenues $ 14,369 $ 61,119 $ 23,430 $ 67,446 Operating expenses (credits): Corporate general and administrative credits, net — MSG Networks $ (219) $ (2,602) $ (438) $ (5,204) Corporate general and administrative expenses, net — MSG Entertainment 8,456 — 20,318 — Costs associated with the Sponsorship sales and service representation agreements 2,322 — 4,680 — Costs associated with the Arena License Agreements 2,494 — 2,854 — Other operating expenses (credits), net 52 (277) 52 (332) Revenues Revenues from related parties primarily consist of local media rights recognized from the licensing of team-related programming to MSG Networks under the media rights agreements covering the Knicks and Rangers, which provide MSG Networks with exclusive media rights to team games in their local markets. Corporate General and Administrative Expenses, net — MSG Networks The Company’s corporate overhead expenses that were charged to MSG Networks prior to MSGE Distribution are primarily related to centralized functions, including executive compensation, finance, treasury, tax, internal audit, legal, information technology, human resources and risk management functions. These charges are reflected in the Company’s results of operations for the periods prior to the MSGE Distribution as they do not meet the criteria for inclusion in discontinued operations. Except for certain legal services, following the MSGE Distribution, the Company no longer provides these services to MSG Networks. Corporate general and administrative expenses, net — MSG Networks reflects charges from the Company to MSG Networks under the Current MSGN Services Agreement of $219 and $438 for the three and six months ended December 31, 2020, net of general and administrative costs charged to the Company by MSG Networks, respectively. In addition, it reflects charges from the Company to MSG Networks under the Prior MSGN Services Agreement of $2,641 and $5,282, for the three and six months ended December 31, 2019, net of general and administrative costs charged to the Company by MSG Networks, respectively. Corporate general and administrative expenses, net — MSG Entertainment Corporate general and administrative expense, net — MSG Entertainment reflects net charges of $7,913 and $18,949 from MSG Entertainment pursuant to the TSA for certain business functions that were previously performed by internal resources for the three and six months ended December 31, 2020, respectively. These services include information technology, accounting, accounts payable, payroll, tax, legal, human resources, insurance and risk management, investor relations, corporate communications, benefit plan administration and reporting, and internal audit. In addition, Corporate general and administrative expense, net — MSG Entertainment reflects rent expense of $674 and $1,369 associated with the lease of office space from MSG Entertainment for the three and six months ended December 31, 2020, respectively. See Note 8 for more information regarding the lease of office space from MSG Entertainment. Costs associated with the Sponsorship sales and service representation agreements Pursuant to the Sponsorship sales and service representation agreements, MSG Entertainment charges the Company sales commission fees and sponsorship fulfillment costs, as well as costs of MSG Entertainment sales and service staff and overhead associated with the sales of sponsorship assets. Costs associated with the Arena License Agreements For the three and six months ended December 31, 2020, costs associated with the Arena License Agreements include $2,210 recorded as operating lease cost. See Note 8 for more information regarding Arena License Agreements. Other Operating Expenses, net The Company and its related parties enter into transactions with each other in the ordinary course of business. Other operating expenses, net include net charges relating to (i) reciprocal aircraft arrangements between the Company and each of Q2C and CFD and (ii) time sharing agreements with MSG Networks and AMC Networks. Following the MSGE Distribution, the Company no longer provides these services to MSG Networks. However, these charges are reflected in the Company’s results of operations for the periods prior to the MSGE Distribution as they do not meet the criteria for inclusion in discontinued operations. Discontinued operations Related party transactions included in Income from discontinued operations, net of taxes in the accompanying consolidated statements of operations for the three months ended December 31, 2019 include (i) revenues from related parties of $6,381, (ii) operating expenses charged by related parties of $275, and (iii) loss in equity-method investments of $1,170. Related party transactions included in Income from discontinued operations, net of taxes in the accompanying consolidated statements of operations for the six months ended December 31, 2019 include (i) revenues from related parties of $7,119, (ii) operating expenses charged by related parties of $462, and (iii) loss in equity-method investments of $2,643.

Income Taxes

Income Taxes	6 Months Ended
	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Income tax expense for the three months ended December 31, 2020 of $170 differs from income tax benefit derived from applying the statutory federal rate of 21% to the pretax loss primarily due to tax expense of $9,842 related to an increase in the valuation allowance, tax expense of $1,558 resulting from the acceleration of share-based compensation expense in connection with the cancellation of certain awards and tax expense of $533 resulting from nondeductible officers’ compensation, partially offset by state income tax benefit of $3,427. Income tax benefit for the six months ended December 31, 2020 of $328 differs from income tax benefit derived from applying the statutory federal rate of 21% to the pretax loss primarily due to tax expense of $17,463 related to an increase in the valuation allowance, tax expense of $1,558 resulting from the acceleration of share-based compensation expense in connection with the cancellation of certain awards and tax expense of $1,393 resulting from nondeductible officers’ compensation, partially offset by state income tax benefit of $6,261. Income tax expense for the three months ended December 31, 2019 of $2,773 differs from income tax benefit derived from applying the statutory federal rate of 21% to the pretax loss primarily due to tax expense of $1,547 resulting from nondeductible officers’ compensation and state income tax expense of $1,099. Income tax benefit for the six months ended December 31, 2019 of $16,730 differs from income tax benefit derived from applying the statutory federal rate of 21% to the pretax loss primarily due to state income tax benefit of $4,380 and excess tax benefit of $3,185 related to share-based compensation awards, partially offset by tax expense of $3,008 resulting from nondeductible officers’ compensation. The Company was notified in April 2020 that the City of New York was commencing an audit of the state income tax returns for the fiscal years ended June 30, 2016 and 2017. The Company does not expect the examination, when finalized, to result in material changes.

Accounting Policies (Policies)

Accounting Policies (Policies)	6 Months Ended
	Dec. 31, 2020
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited consolidated interim financial statements (referred to as the “Financial Statements” herein) have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP“) and Article 10 of Regulation S-X of the SEC for interim financial information, and should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended June 30, 2020 (“fiscal year 2020”). The Financial Statements presented in this Quarterly Report on Form 10-Q are unaudited; however, in the opinion of management, the Financial Statements reflect all adjustments, consisting solely of normal recurring adjustments, necessary for a fair presentation of the results for the interim periods presented. The results of operations for the periods presented are not necessarily indicative of the results that might be expected for future interim periods or for the full year. The dependence of MSG Sports on revenues from its NBA and NHL sports teams generally means it earns a disproportionate share of its revenues in the second and third quarters of the Company’s fiscal year. However, on March 11 and 12, 2020, the NBA and NHL, respectively, suspended their 2019-20 seasons due to COVID-19. In July and August 2020, the NBA and NHL, respectively, restarted their seasons. As a result, the Company recognized certain revenues that otherwise would have been recognized during the third and fourth quarter of fiscal year 2020 during the first quarter of fiscal year 2021. In addition, on December 16, 2020 and January 14, 2021, respectively, the Knicks and Rangers resumed playing their home games at The Garden as part of the 2020-21 seasons. Due to the delayed start of the 2020-21 NBA and NHL seasons, the Company will recognize certain revenues during the third and fourth quarters of fiscal year 2021 that otherwise would have been recognized during the second and third quarters of fiscal year 2021, respectively.
Reclassifications	Reclassifications The historical results of MSG Entertainment have been reflected in the accompanying consolidated statements of operations for the three and six months ended December 31, 2019 as discontinued operations. See Note 3 for more information. In addition, certain reclassifications have been made in order to conform to the current period’s presentation and relate to the separation of Deferred revenue, noncurrent, which was previously reported in Other liabilities in the consolidated balance sheet as of June 30, 2020.
Principles of Consolidation	Principles of Consolidation The consolidated financial statements of the Company include the accounts of Madison Square Garden Sports Corp. and its subsidiaries. All significant intercompany transactions and balances have been eliminated in consolidation. In addition, the consolidated financial statements of the Company include the accounts from CLG, in which the Company has a controlling voting interest. The Company’s consolidation criteria are based on authoritative accounting guidance for voting interest, controlling interest or variable interest entities. CLG is consolidated with the equity owned by other shareholders shown as nonredeemable noncontrolling interests in the accompanying consolidated balance sheets, and the other shareholders’ portion of net earnings (loss) and other comprehensive income (loss) shown as net income (loss) or comprehensive income (loss) attributable to nonredeemable noncontrolling interests in the accompanying consolidated statements of operations and consolidated statements of comprehensive income (loss), respectively.
Use of Estimates	Use of Estimates The preparation of the accompanying Financial Statements in conformity with GAAP requires management to make estimates and assumptions about future events. These estimates and the underlying assumptions affect the amounts of assets and liabilities reported, disclosures about contingent assets and liabilities, and reported amounts of revenues and expenses. Such estimates include the valuation of accounts receivable, goodwill, intangible assets, other long-lived assets, deferred tax valuation allowance, tax accruals and other liabilities. In addition, estimates are used in revenue recognition, revenue sharing expense (net of escrow), luxury tax expense, income tax expense, performance and share-based compensation, depreciation and amortization, litigation matters and other matters, as well as in the valuation of contingent consideration and noncontrolling interests resulting from business combination transactions. Management believes its use of estimates in the Financial Statements to be reasonable. Management evaluates its estimates on an ongoing basis using historical experience and other factors, including the general economic environment and actions it may take in the future. The Company adjusts such estimates when facts and circumstances dictate. However, these estimates may involve significant uncertainties and judgments and cannot be determined with precision. In addition, these estimates are based on management’s best judgment at a point in time and, as such, these estimates may ultimately differ from actual results. Changes in estimates resulting from weakness in the economic environment or other factors beyond the Company’s control could be material and would be reflected in the Company’s financial statements in future periods.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements Recently Adopted Accounting Pronouncements In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-13, Financial Instruments — Credit Losses . ASU No. 2016-13 replaces the incurred loss impairment methodology in current U.S. GAAP with a methodology that will require the reflection of expected credit losses and will also require consideration of a broader range of reasonable and supportable information to determine credit loss estimates. In May 2019, the FASB issued ASU No. 2019-05, Targeted Transition Relief , which amends Accounting Standards Codification (“ASC”) Topic 326 to provide an option to irrevocably elect to measure certain individual financial assets at fair value instead of amortized cost. In November 2019, FASB issued ASU No. 2019-11 to provide clarification guidance in a number of areas, including: (i) expected recoveries for purchased financial assets with credit deterioration, (ii) transition relief for troubled debt restructuring, (iii) disclosures related to accrued interest receivables, and (iv) financial assets secured by collateral maintenance provisions. For most financial instruments, the standard will require the use of a forward-looking expected loss model rather than the incurred loss model for recognizing credit losses, which will generally result in the earlier recognition of credit losses on financial instruments. In February 2020, the FASB issued ASU No. 2020-02, Financial Instruments — Credit Losses and Leases , which includes amendments pursuant to SEC Staff Accounting Bulletin No. 119. The Company adopted this standard as of the beginning of fiscal year 2021, and the adoption did not have an impact on its consolidated financial statements. The impact in future periods is not expected to be material. In August 2018, the FASB issued ASU No. 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement as part of the FASB’s broader disclosure framework project. ASU No. 2018-13 removes, modifies and adds certain disclosures providing greater focus on requirements that clearly communicate the most important information to the users of the financial statements with respect to fair value measurements. The Company adopted this standard as of the beginning of fiscal year 2021, and the adoption did not have an impact on its consolidated financial statements. In August 2018, the FASB issued ASU No. 2018-15, Intangibles - Goodwill and Other-Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That is a Service Contract. ASU No. 2018-15 aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. The guidance also specifies that the balance sheet, statement of operations, and statement of cash flows presentation of capitalized implementation costs and the related amortization should align with the presentation of the hosting (service) element of the arrangement. The Company adopted this standard as of the beginning of fiscal year 2021, and the adoption did not have an impact on its consolidated financial statements. However, to the extent future costs incurred in a cloud computing arrangement are capitalizable, the corresponding amortization will be included in “Direct operating expenses” or “Selling, general and administrative expenses” in the consolidated statements of operations, rather than “Depreciation and amortization.” In November 2018, the FASB issued ASU No. 2018-17, Targeted Improvements to Related Party Guidance for Variable Interest Entities. ASU No. 2018-17 amends the variable interest entities (“VIE”) guidance to align the evaluation of a decision maker’s or service provider’s fee in assessing a variable interest with the guidance in the primary beneficiary test. Specifically, indirect interests held by a related party that is under common control will now be considered on a proportionate basis, rather than in their entirety, when assessing whether the fee qualifies as a variable interest. The proportionate basis approach is consistent with the treatment of indirect interests held by a related party under common control when evaluating the primary beneficiary of a VIE. This effectively means that when a decision maker or service provider has an interest in a related party, regardless of whether they are under common control, it will consider that related party’s interest in a VIE on a proportionate basis throughout the VIE model for both the assessment of a variable interest and the determination of a primary beneficiary. The Company adopted this standard as of the beginning of fiscal year 2021, and the adoption did not have an impact on its consolidated financial statements. In April 2019, the FASB issued ASU No. 2019-04, Codification Improvements to Topic 326, Financial Instruments - Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825 - Financial Instruments. This ASU provides narrow-scope amendments to help apply these recent standards. The Company adopted this standard as of the beginning of fiscal year 2021, and the adoption did not have an impact on its consolidated financial statements. In November 2019, the FASB issued ASU No. 2019-08, Compensation - Stock Compensation (Topic 718) and Revenue from Contracts with Customers (Topic 606): Codification Improvements - Share-Based Consideration Payable to a Customer. This ASU requires that share-based payment awards issued to a customer in connection with a revenue arrangement be recorded as a reduction of the transaction price in revenue. The amount recorded as a reduction of the transaction price is measured using the grant-date fair value of the award and is classified in accordance with ASC Topic 718. Changes in the measurement of the share-based payments after the grant date that are due to the form of the consideration are not included in the transaction price and are recorded elsewhere in the statement of operations. The award is measured and classified under ASC Topic 718 for its entire life, unless the award is modified after it vests and the grantee is no longer a customer. The Company adopted this standard as of the beginning of fiscal year 2021, and the adoption did not have an impact on its consolidated financial statements. In January 2020, the FASB issued ASU No. 2020-01, Investments-Equity Securities (Topic 321), Investments - Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815): Clarifying the Interactions between Topic 321, Topic 323, and Topic 815. The amendments in this ASU clarify that an entity should consider observable transactions that require it to either apply or discontinue the equity method of accounting for the purposes of applying the measurement alternative in accordance with Topic 321 immediately before applying or upon discontinuing the equity method. In addition, the amendments clarify the accounting for certain forward contracts and purchased options accounted for under Topic 815. The Company adopted this standard as of the beginning of fiscal year 2021, and the adoption did not have an impact on its consolidated financial statements. Recently Issued Accounting Pronouncements Not Yet Adopted In August 2018, the FASB issued ASU No. 2018-14, Compensation-Retirement Benefits-Defined Benefit Plans - General (Subtopic 715-20): Disclosure Framework-Changes to the Disclosure Requirements for Defined Benefit Plans. ASU No. 2018-14 removes certain disclosures that are not considered cost beneficial, clarifies certain required disclosures and adds additional disclosures. The standard will be effective for the Company in the fourth quarter of fiscal year 2021, with early adoption permitted. The amendments in ASU No. 2018-14 are required to be applied retrospectively. The adoption of this standard, which relates to disclosure, is not expected to have a material impact on the Company’s consolidated financial statements. In December 2019, the FASB issued ASU No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes. This ASU eliminates certain exceptions to the general approach in ASC Topic 740 and includes methods of simplification to the existing guidance. The new guidance is effective for the Company in the first quarter of fiscal year 2022, with early adoption permitted. The adoption of this standard is not expected to have a material impact on the Company’s consolidated financial statements. In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting. This ASU provides temporary optional expedients and exceptions to the guidance on contract modifications and hedge accounting to ease the financial reporting burdens of the expected market transition from the London Interbank Offered Rate (“LIBOR”) and other interbank offered rates to alternative reference rates. In January 2021, the FASB issued ASU 2021-01, which refines the scope of Topic 848 and clarifies some of its guidance as part of FASB’s monitoring of global reference rate activities. The new guidance was effective upon issuance, and the Company may elect to apply the amendments prospectively through December 31, 2022. The Company is currently evaluating the impact this standard will have on its consolidated financial statements.
Revenue, Remaining Performance Obligation	In developing the estimated revenue, the Company applies the allowable practical expedient and does not disclose information about remaining performance obligations that have original expected durations of one year or less. Additionally, the Company has elected to exclude variable consideration from its disclosure related to the remaining performance obligations under its local media rights arrangements with MSG Networks.
Leases	Leases The Company’s leases primarily consist of the lease of the Company’s principal executive offices under the Sublease Agreement with MSG Entertainment (the “Sublease Agreement”) and the lease of CLG Performance Center. In, addition, the Company accounts for the rights of use of The Garden pursuant to the Arena License Agreements as leases under the ASC Topic 842, Leases. See Note 9 to the consolidated financial statements included in the Company’s Annual Report on Form 10-K for the year ended June 30, 2020 for more information regarding the Company’s accounting policies associated with its leases. On April 17, 2020, in connection with the MSGE Distribution, the Company entered into the Sublease Agreement. The sublease right of use (“ROU”) assets and liabilities are recorded on the balance sheet at lease commencement based on the present value of minimum base rent and other fixed payments over the reasonably certain lease term, which ends April 30, 2024.

Discontinued Operations (Tables

Discontinued Operations (Tables)	6 Months Ended
	Dec. 31, 2020
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations Information	The table below sets forth operating results of discontinued operations for the three and six months ended December 31, 2019. Amounts presented below differ from historically reported results for the MSG Entertainment business segment due to reclassifications and adjustments made for purposes of discontinued operations. Three Months Ended Six Months Ended December 31, 2019 December 31, 2019 Revenues $ 336,260 $ 501,375 Direct operating expenses 173,756 287,972 Selling, general and administrative expenses 58,138 114,885 Depreciation and amortization 23,291 47,437 Operating income 81,075 51,081 Other income (expense): Loss in equity method investments (1,170) (2,643) Interest income 6,036 13,059 Interest expense (919) (2,183) Miscellaneous income, net 9,387 14,551 Income from discontinued operations before income taxes 94,409 73,865 Income tax benefit (expense) 1,597 (18,334) Net income from discontinued operations 96,006 55,531 Less: Net loss attributable to redeemable noncontrolling interests (1,241) (1,404) Less: Net loss attributable to nonredeemable noncontrolling interests (86) (158) Net income from discontinued operations attributable to Madison Square Garden Sports Corp.’s stockholders $ 97,333 $ 57,093 Six Months Ended December 31, 2019 Non-cash items included in net income (loss): Depreciation and amortization $ 47,437 Share-based compensation expense 5,534 Cash flows from investing activities: Capital expenditures $ 208,122 Non-cash investing activities: Capital expenditures incurred but not yet paid $ 46,151

Revenue Recognition (Tables)

Revenue Recognition (Tables)	6 Months Ended
	Dec. 31, 2020
Revenue Recognition [Abstract]
Disaggregation of Revenue	The following table disaggregates the Company’s revenues by type of goods or services in accordance with the required entity-wide disclosure requirements set forth in ASC Subtopic 280-10-50-38 to 40 and the disaggregation of revenue required disclosures in accordance with ASC Subtopic 606-10-50-5 for the three and six months ended December 31, 2020 and 2019: Three Months Ended Six Months Ended December 31, December 31, 2020 2019 2020 2019 Event-related (a) $ — $ 124,046 $ — $ 131,466 Media rights (b) 22,306 101,185 72,495 107,396 Sponsorship, signage and suite licenses 3,995 60,235 6,945 80,376 League distributions and other 2,470 7,332 6,369 23,410 Total revenues from contracts with customers $ 28,771 $ 292,798 $ 85,809 $ 342,648 _________________ (a) Consists of (i) ticket sales and other ticket-related revenues, and (ii) food, beverage and merchandise sales. (b) Consists of (i) local media rights fees from MSG Networks, (ii) revenue from the distribution through league-wide national and international television contracts, and (iii) other local radio rights fees.
Contract with Customer, Contract Assets and Liabilities	The following table provides information about contract balances from the Company’s contracts with customers as of December 31, 2020 and June 30, 2020. December 31, June 30, 2020 2020 Receivables from contracts with customers, net (a) $ 25,887 $ 8,035 Contract assets, current (b) 4,276 4,112 Deferred revenue, including non-current portion (c), (d) 232,307 128,362 _________________ (a) Receivables from contracts with customers, net, which are reported in Accounts receivable, net and Net related party receivables in the Company’s accompanying consolidated balance sheets, represent the Company’s unconditional rights to consideration under its contracts with customers. As of December 31, 2020 and June 30, 2020, the Company’s receivables reported above included $990 and $632, respectively, related to various related parties associated with contracts with customers. See Note 16 for further details on related party arrangements. (b) Contract assets, current, which are reported as Other current assets in the Company’s accompanying consolidated balance sheets, primarily relate to the Company’s rights to consideration for goods or services transferred to the customer, for which the Company does not have an unconditional right to bill as of the reporting date. Contract assets are transferred to accounts receivable once the Company’s right to consideration becomes unconditional. (c) Deferred revenue, including non-current portion primarily relates to the Company’s receipt of consideration from customers or billing customers in advance of the Company’s transfer of goods or services to those customers. Deferred revenue is reduced and the related revenue is recognized once the underlying goods or services are transferred to a customer. The non-current portion of deferred revenue primarily consists of a $30,000 receipt from the NBA in December 2020 of league distributions in advance of the Company’s recognition. The Company’s deferred revenue related to local media rights with MSG Networks was $56,341 and $0 as of December 31, 2020 and June 30, 2020, respectively. See Note 16 for further details on these related party arrangements.
Revenue, Remaining Performance Obligation	The following table depicts the estimated revenue expected to be recognized in the future related to performance obligations that are unsatisfied (or partially unsatisfied) as of December 31, 2020 and is based on current projections. In developing the estimated revenue, the Company applies the allowable practical expedient and does not disclose information about remaining performance obligations that have original expected durations of one year or less. Additionally, the Company has elected to exclude variable consideration from its disclosure related to the remaining performance obligations under its local media rights arrangements with MSG Networks. Fiscal Year 2021 (remainder) $ 18,833 Fiscal Year 2022 74,791 Fiscal Year 2023 47,966 Fiscal Year 2024 34,515 Fiscal Year 2025 23,896 Thereafter 29,809 $ 229,810

Computation of Earnings (Loss_2

Computation of Earnings (Loss) per Common Share (Tables)	6 Months Ended
	Dec. 31, 2020
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following table presents a reconciliation of weighted-average shares used in the calculations of basic and diluted earnings (loss) per common share attributable to the Company’s stockholders (“EPS”) and the number of shares excluded from diluted earnings (loss) per common share, as they were anti-dilutive. Three Months Ended Six Months Ended December 31, December 31, 2020 2019 2020 2019 Weighted-average shares (denominator): Weighted-average shares for basic EPS 24,144 23,913 24,103 23,870 Dilutive effect of shares issuable under share-based compensation plans — 66 — 107 Weighted-average shares for diluted EPS 24,144 23,979 24,103 23,977 Weighted-average shares excluded from diluted earnings per share 152 510 403 507

Cash, Cash Equivalents and Re_2

Cash, Cash Equivalents and Restricted Cash (Tables)	6 Months Ended
	Dec. 31, 2020
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract]
Schedule Of Cash, Cash Equivalents, Restricted Cash And Restricted Cash Equivalents	The following table provides a summary of the amounts recorded as cash, cash equivalents and restricted cash. As of December 31, June 30, December 31, June 30, Captions on the consolidated balance sheets: Cash and cash equivalents $ 70,762 $ 77,852 $ 2,425 $ 4,317 Restricted cash (a) 9,500 12,821 25,103 21,519 Cash, cash equivalents and restricted cash on the consolidated statements of cash flows $ 80,262 $ 90,673 $ 27,528 $ 25,836 _________________ (a) Restricted cash as of December 31, 2020 relates to the Company’s revolving credit facilities (see Note 12 for more information). For all prior periods, restricted cash primarily included cash deposited in escrow account (see Note 2 to the consolidated financial statements included in the Company’s Annual Report on Form 10-K for the year ended June 30, 2020 for more information).

Leases (Tables)

Leases (Tables)	6 Months Ended
	Dec. 31, 2020
Leases [Abstract]
Lease, Lessee, Supplemental Information	The following table summarizes the ROU assets and lease liabilities recorded on the Company’s accompanying consolidated balance sheets as of December 31, 2020 and June 30, 2020: Line Item in the Company’s Consolidated Balance Sheet December 31, June 30, Right-of-use assets: Operating leases Right-of-use lease assets $ 711,882 $ 718,051 Lease liabilities: Operating leases, current (a) Operating lease liabilities, current $ 26,807 $ 39,131 Operating leases, noncurrent (a) Operating lease liabilities, noncurrent 687,535 679,053 Total lease liabilities $ 714,342 $ 718,184 _________________ (a) As of December 31, 2020, Operating lease liabilities, current and Operating lease liabilities, noncurrent included balances of $26,403 and $686,978, respectively, that are payable to MSG Entertainment. As of June 30, 2020, Operating lease liabilities, current and Operating lease liabilities, noncurrent included balances of $38,770 and $678,366, respectively, that are payable to MSG Entertainment.
Lease, Cost	The following table summarizes the activity recorded within the Company’s accompanying consolidated statements of operations for the three and six months ended December 31, 2020 and 2019: Line Item in the Company’s Consolidated Statement of Operations Three Months Ended December 31, Six Months Ended December 31, 2020 2019 2020 2019 Operating lease cost Direct operating expenses $ 2,308 $ 96 $ 2,398 $ 185 Operating lease cost Selling, general and administrative expenses 611 — 1,222 — Short-term lease cost Direct operating expenses 27 42 51 84 Short term lease costs Selling, general and administrative expenses — — — — Total lease cost $ 2,946 $ 138 $ 3,671 $ 269
Lessee, Operating Lease, Liability, Maturity	Maturities of operating lease liabilities as of December 31, 2020 are as follows: Fiscal Year 2021 (remainder) $ 6,390 Fiscal Year 2022 43,563 Fiscal Year 2023 45,029 Fiscal Year 2024 44,937 Fiscal Year 2025 44,052 Thereafter 2,158,686 Total lease payments 2,342,657 Less imputed interest (1,628,315) Total lease liabilities $ 714,342

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	6 Months Ended
	Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Indefinite-Lived Intangible Assets	The Company’s indefinite-lived intangible assets as of December 31, 2020 and June 30, 2020 are as follows: Sports franchises $ 111,064 Photographic related rights 1,080 $ 112,144
Schedule of Intangible Assets Subject to Amortization	The Company’s intangible assets subject to amortization are as follows: December 31, 2020 Gross Accumulated Net Trade names $ 2,300 $ (1,572) $ 728 Non-compete agreements 2,400 (1,640) 760 Other intangibles 1,200 (464) 736 $ 5,900 $ (3,676) $ 2,224 June 30, 2020 Gross Accumulated Net Trade names $ 2,300 $ (1,342) $ 958 Non-compete agreements 2,400 (1,400) 1,000 Other intangibles 1,200 (404) 796 $ 5,900 $ (3,146) $ 2,754

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Dec. 31, 2020
Fair Value Disclosures [Abstract]
Schedule Of Financial Instruments	The carrying value and fair value of the Company’s financial instruments reported in the accompanying consolidated balance sheets are as follows: December 31, 2020 June 30, 2020 Carrying Fair Carrying Fair Liabilities Long-term debt (a) $ 380,000 $ 380,000 $ 350,000 $ 350,000 _________________
Schedule of Business Acquisitions by Acquisition, Contingent Consideration	The following table provides a reconciliation of the deferred and contingent consideration liabilities in connection with the CLG acquisition: Six Months Ended December 31, 2020 Balance as of June 30, 2020 $ 336 Contingent consideration payment (200) Change in fair value of contingent consideration (a) (136) Balance as of December 31, 2020 $ — _________________ (a) The change in fair value of contingent consideration, including accretion, was recorded within Selling, general and administrative expenses in the accompanying consolidated statement of operations for the six months ended December 31, 2020.

Credit Facilities (Tables)

Credit Facilities (Tables)	6 Months Ended
	Dec. 31, 2020
Debt Disclosure [Abstract]
Schedule of Debt	The following table summarizes deferred financing costs, net of amortization, related to the Company’s credit facilities as reported on the accompanying consolidated balance sheet: December 31, 2020 (a) June 30, Other current assets $ 1,756 $ 675 Other assets 3,219 264 ————— (a) In connection with the 2020 Knicks Revolving Credit Facility , 2020 Knicks Holdings Revolving Credit Facility and

Pension Plans and Other Postr_2

Pension Plans and Other Postretirement Benefit Plan (Tables)	6 Months Ended
	Dec. 31, 2020
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]
Schedule of Net Periodic Benefit Cost	The following table presents components of net periodic benefit cost for the MSGE Pension Plans, MSGS Pension Plans and Postretirement Plan included in the accompanying consolidated statements of operations for the three and six months ended December 31, 2020 and 2019. Service cost is recognized in direct operating expenses and selling, general and administrative expenses. All other components of net periodic benefit cost are reported in Miscellaneous expense, net. MSGE Pension Plans & MSGS Pension Plans Postretirement Plan Three Months Ended Three Months Ended December 31, December 31, 2020 2019 2020 2019 Service cost $ — $ 20 $ — $ 17 Interest cost 60 1,328 — 27 Expected return on plan assets — (1,328) — — Recognized actuarial loss 10 344 — 2 Net periodic benefit cost $ 70 $ 364 $ — $ 46 MSGE Pension Plans & MSGS Pension Plans Postretirement Plan Six Months Ended Six Months Ended December 31, December 31, 2020 2019 2020 2019 Service cost $ — $ 48 $ — $ 35 Interest cost 120 2,656 — 55 Expected return on plan assets — (2,659) — — Recognized actuarial loss 20 680 — 5 Net periodic benefit cost $ 140 $ 725 $ — $ 95 Amounts presented in the table above include net periodic benefit cost related to continuing operations and discontinued operations as noted in the following table: MSGE Pension Plans & MSGS Pension Plans Postretirement Plan Three Months Ended Three Months Ended December 31, December 31, 2020 2019 2020 2019 Continuing Operations $ 70 $ 86 $ — $ — Discontinued Operations — 278 — 46 Total net periodic benefit cost $ 70 $ 364 $ — $ 46 MSGE Pension Plans & MSGS Pension Plans Postretirement Plan Six Months Ended Six Months Ended December 31, December 31, 2020 2019 2020 2019 Continuing Operations $ 140 $ 172 $ — $ — Discontinued Operations — 553 — 95 Total net periodic benefit cost $ 140 $ 725 $ — $ 95
Schedule of Defined Contribution Plans	Expenses related MSG Sports LLC Excess Savings Plan and Savings Plans that are included in the accompanying consolidated statements of operations for the three and six months ended December 31, 2020 and 2019 are as follows: Three Months Ended Six Months Ended December 31, December 31, 2020 2019 2020 2019 Continuing Operations $ 506 $ 2,096 $ 1,104 $ 4,006 Discontinued Operations — 787 — 1,504 Total Savings Plan Expenses $ 506 $ 2,883 $ 1,104 $ 5,510

Share-based Compensation (Table

Share-based Compensation (Tables)	6 Months Ended
	Dec. 31, 2020
Share-based Payment Arrangement [Abstract]
Share-based Payment Arrangement, Restricted Stock Unit, Activity	The following table summarizes activity related to the Company’s restricted stock units and performance restricted stock units, collectively referred to as “RSUs,” held by the Company and MSG Entertainment employees, for the six months ended December 31, 2020: Number of Weighted-Average Fair Value Per Share at Date of Grant (a) Nonperformance Performance Unvested award balance, June 30, 2020 275 327 $ 262.13 Granted 123 48 $ 162.22 Vested (110) (100) $ 239.33 Forfeited / Cancelled (12) (48) $ 284.89 Unvested award balance, December 31, 2020 276 227 $ 235.04 _____________________ (a) Weighted-average fair value per share at date of grant does not reflect any adjustments to awards granted prior to the MSGE Distribution.
Share-based Payment Arrangement, Option, Activity	The following table summarizes activity related to the Company’s stock options for the six months ended December 31, 2020: Number of Weighted-Average Exercise Price Per Share Weighted-Average Remaining Contractual Term (In Years) Aggregate Intrinsic Value Balance as of June 30, 2020 543 $ 225.79 Granted — $ — Cancelled (449) $ 242.51 Balance as of December 31, 2020 94 $ 145.78 6.96 $ 3,595 Exercisable as of December 31, 2020 94 $ 145.78 6.96 $ 3,595

Related Party Transactions (Tab

Related Party Transactions (Tables)	6 Months Ended
	Dec. 31, 2020
Related Party Transactions [Abstract]
Schedule of Related Party Transactions	The following table summarizes the composition and amounts of the transactions with the Company’s affiliates, primarily with MSG Networks. These amounts are reflected in revenues and operating expenses in the accompanying consolidated statements of operations for the three and six months ended December 31, 2020 and 2019: Three Months Ended December 31, Six Months Ended December 31, 2020 2019 2020 2019 Revenues $ 14,369 $ 61,119 $ 23,430 $ 67,446 Operating expenses (credits): Corporate general and administrative credits, net — MSG Networks $ (219) $ (2,602) $ (438) $ (5,204) Corporate general and administrative expenses, net — MSG Entertainment 8,456 — 20,318 — Costs associated with the Sponsorship sales and service representation agreements 2,322 — 4,680 — Costs associated with the Arena License Agreements 2,494 — 2,854 — Other operating expenses (credits), net 52 (277) 52 (332)

Description of Business and B_2

Description of Business and Basis of Presentation - Narrative (Details)	6 Months Ended
	Dec. 31, 2020segmentsoperating_segment$ / shares	Jun. 30, 2020$ / shares	Apr. 17, 2020$ / shares
Spin [Line Items]
Number of operating segments | operating_segment	1
Number of reportable segments | segments	1
Class A Common Stock
Spin [Line Items]
Common stock, par value (dollars per share)	$ 0.01	$ 0.01
Class A Common Stock | MSG Entertainment
Spin [Line Items]
Share conversion ratio			1
Common stock, par value (dollars per share)			$ 0.01
Common Class B
Spin [Line Items]
Common stock, par value (dollars per share)	$ 0.01	$ 0.01
Common Class B | MSG Entertainment
Spin [Line Items]
Share conversion ratio			1
Common stock, par value (dollars per share)			$ 0.01

Description of Business and B_3

Description of Business and Basis of Presentation - Impact of COVID (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Potential rent reduction due to COVID-19 (percent)	80.00%
Cash and cash equivalents	$ 70,762	$ 77,852	$ 2,425	$ 4,317

Discontinued Operations - Incom

Discontinued Operations - Income Statement (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations
Loss in equity method investments, net of income distributions			$ 0	$ (2,643)
Income from discontinued operations, net of taxes	$ 0	$ 96,006	0	55,531
Less: Net loss attributable to redeemable noncontrolling interests from discontinued operations	0	(1,241)	0	(1,404)
Less: Net loss attributable to redeemable noncontrolling interests from discontinued operations	$ 0	(86)	$ 0	(158)
Discontinued Operations, Disposed of by Means Other than Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations
Loss in equity method investments, net of income distributions		(1,170)		(2,643)
Discontinued Operations, Disposed of by Means Other than Sale | MSG Entertainment
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations
Revenues		336,260		501,375
Direct operating expenses		173,756		287,972
Selling, general and administrative expenses		58,138		114,885
Depreciation and amortization		23,291		47,437
Operating income		81,075		51,081
Loss in equity method investments, net of income distributions		(1,170)		(2,643)
Interest income		6,036		13,059
Interest expense		(919)		(2,183)
Miscellaneous income, net		9,387		14,551
Income from discontinued operations before income taxes		94,409		73,865
Income tax benefit (expense)		1,597		(18,334)
Income from discontinued operations, net of taxes		96,006		55,531
Less: Net loss attributable to redeemable noncontrolling interests from discontinued operations		(1,241)		(1,404)
Less: Net loss attributable to redeemable noncontrolling interests from discontinued operations		(86)		(158)
Net income from discontinued operations attributable to Madison Square Garden Sports Corp.’s stockholders		$ 97,333		$ 57,093

Discontinued Operations - Cash

Discontinued Operations - Cash Flow Statements (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations
Depreciation and amortization	$ 1,607	$ 4,920	$ 3,267	$ 9,765
Share-based Payment Arrangement, Noncash Expense			22,326	33,585
Capital expenditures			141	221,335
Capital expenditures incurred but not yet paid			$ 30	47,478
Discontinued Operations, Disposed of by Means Other than Sale | MSG Entertainment
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations
Depreciation and amortization				47,437
Share-based Payment Arrangement, Noncash Expense				5,534
Capital expenditures				208,122
Capital expenditures incurred but not yet paid				$ 46,151

Revenue Recognition - Disaggreg

Revenue Recognition - Disaggregation of Revenue (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019
Disaggregation of Revenue [Line Items]
Revenues		$ 28,771	$ 292,798	$ 85,809	$ 342,648
Event-related
Disaggregation of Revenue [Line Items]
Revenues	[1]	0	124,046	0	131,466
Media rights
Disaggregation of Revenue [Line Items]
Revenues	[2]	22,306	101,185	72,495	107,396
Sponsorship, signage and suite licenses
Disaggregation of Revenue [Line Items]
Revenues		3,995	60,235	6,945	80,376
League distributions and other
Disaggregation of Revenue [Line Items]
Revenues		$ 2,470	$ 7,332	$ 6,369	$ 23,410
[1]	Consists of (i) ticket sales and other ticket-related revenues, and (ii) food, beverage and merchandise sales.
[2]	Consists of (i) local media rights fees from MSG Networks, (ii) revenue from the distribution through league-wide national and international television contracts, and (iii) other local radio rights fees.

Revenue Recognition - Contract

Revenue Recognition - Contract Balances (Details) - USD ($) $ in Thousands		6 Months Ended
		Dec. 31, 2020	Jun. 30, 2020
Contract Assets and Liabilities [Line Items]
Contract with customer, deferred revenue, revenue recognized		$ 44,392
Receivables from contracts with customers, net
Contract Assets and Liabilities [Line Items]
Contracts with customers, assets, net	[1]	25,887	$ 8,035
Other current assets
Contract Assets and Liabilities [Line Items]
Contracts with customers, assets, net	[2]	4,276	4,112
Deferred Revenue
Contract Assets and Liabilities [Line Items]
Deferred revenue, including non-current portion	[3],[4]	232,307	128,362
Deferred Revenue | NBA [Member]
Contract Assets and Liabilities [Line Items]
Deferred revenue, including non-current portion		30,000
Affiliated Entities | Net related party receivables
Contract Assets and Liabilities [Line Items]
Contracts with customers, assets, net		990	632
MSG Networks | Deferred Revenue
Contract Assets and Liabilities [Line Items]
Deferred revenue, including non-current portion		$ 56,341	$ 0
[1]	Receivables from contracts with customers, net, which are reported in Accounts receivable, net and Net related party receivables in the Company’s accompanying consolidated balance sheets, represent the Company’s unconditional rights to consideration under its contracts with customers. As of December 31, 2020 and June 30, 2020, the Company’s receivables reported above included $990 and $632, respectively, related to various related parties associated with contracts with customers. See Note 16 for further details on related party arrangements.
[2]	Contract assets, current, which are reported as Other current assets in the Company’s accompanying consolidated balance sheets, primarily relate to the Company’s rights to consideration for goods or services transferred to the customer, for which the Company does not have an unconditional right to bill as of the reporting date. Contract assets are transferred to accounts receivable once the Company’s right to consideration becomes unconditional.
[3]	Deferred revenue, including non-current portion primarily relates to the Company’s receipt of consideration from customers or billing customers in advance of the Company’s transfer of goods or services to those customers. Deferred revenue is reduced and the related revenue is recognized once the underlying goods or services are transferred to a customer. The non-current portion of deferred revenue primarily consists of a $30,000 receipt from the NBA in December 2020 of league distributions in advance of the Company’s recognition. The Company’s deferred revenue related to local media rights with MSG Networks was $56,341 and $0 as of December 31, 2020 and June 30, 2020, respectively. See Note 16 for further details on these related party arrangements.
[4]	Revenue recognized for the six months ended December 31, 2020 relating to the deferred revenue balance as of June 30, 2020 was $44,392.

Revenue Recognition - Remaining

Revenue Recognition - Remaining Performance Obligation (Details) $ in Thousands	Dec. 31, 2020USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 229,810
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 18,833
Remaining performance obligation period	6 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 74,791
Remaining performance obligation period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 47,966
Remaining performance obligation period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 34,515
Remaining performance obligation period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 23,896
Remaining performance obligation period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 29,809
Remaining performance obligation period

Computation of Earnings (Loss_3

Computation of Earnings (Loss) per Common Share (Details) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019
Earnings Per Share [Abstract]
Weighted-average shares for basic EPS	24,144	23,913	24,103	23,870
Dilutive effect of shares issuable under share-based compensation plans	0	66	0	107
Weighted-average shares for diluted EPS	24,144	23,979	24,103	23,977
Weighted-average shares excluded from diluted earnings per share	152	510	403	507

Team Personnel Transactions (De

Team Personnel Transactions (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019
Team Personnel Transactions [Abstract]
Team personnel transaction expense	$ 2,839	$ 17,644	$ 13,712	$ 27,887

Cash, Cash Equivalents and Re_3

Cash, Cash Equivalents and Restricted Cash (Details) - USD ($) $ in Thousands		Dec. 31, 2020	Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2019
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract]
Cash and cash equivalents		$ 70,762	$ 77,852	$ 2,425	$ 4,317
Restricted cash	[1]	9,500	12,821	25,103	21,519
Cash, cash equivalents and restricted cash on the consolidated statements of cash flows		$ 80,262	$ 90,673	$ 27,528	$ 25,836
[1]	Restricted cash as of December 31, 2020 relates to the Company’s revolving credit facilities (see Note 12 for more information). For all prior periods, restricted cash primarily included cash deposited in escrow account (see Note 2 to the consolidated financial statements included in the Company’s Annual Report on Form 10-K for the year ended June 30, 2020 for more information).

Leases - Lease Term (Details)

Leases - Lease Term (Details)	6 Months Ended
	Dec. 31, 2020
MSG Entertainment
Lessee, Lease, Description [Line Items]
ArenaLicenseAgreementsLeasesExpirationDate	Jun. 30, 2055
Minimum
Lessee, Lease, Description [Line Items]
Operating lease term	20 months
Maximum
Lessee, Lease, Description [Line Items]
Operating lease term	35 years

Leases - Assets and Liabilities

Leases - Assets and Liabilities Recognized (Details) - USD ($) $ in Thousands		Dec. 31, 2020	Jun. 30, 2020
Lessee, Lease, Description [Line Items]
Right-of-use lease assets		$ 711,882	$ 718,051
Operating lease liabilities, current	[1]	26,807	39,131
Operating lease liabilities, noncurrent	[1]	687,535	679,053
Total lease liabilities		714,342	718,184
MSG Entertainment
Lessee, Lease, Description [Line Items]
Operating lease liabilities, current		26,403	38,770
Operating lease liabilities, noncurrent		$ 686,978	$ 678,366
[1]	As of December 31, 2020, Operating lease liabilities, current and Operating lease liabilities, noncurrent included balances of $26,403 and $686,978, respectively, that are payable to MSG Entertainment. As of June 30, 2020, Operating lease liabilities, current and Operating lease liabilities, noncurrent included balances of $38,770 and $678,366, respectively, that are payable to MSG Entertainment.

Leases - Costs Incurred in the

Leases - Costs Incurred in the Period (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019
Lessee, Lease, Description [Line Items]
Total lease cost	$ 2,946	$ 138	$ 3,671	$ 269
Direct operating expenses
Lessee, Lease, Description [Line Items]
Operating lease cost	2,308	96	2,398	185
Short-term lease cost	27	42	51	84
Selling, general and administrative expenses
Lessee, Lease, Description [Line Items]
Operating lease cost	611	0	1,222	0
Short-term lease cost	$ 0	$ 0	$ 0	$ 0

Leases - Supplemental Informati

Leases - Supplemental Information (Details) - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Leases [Abstract]
Operating lease payments	$ 1,299	$ 200
Operating lease, weighted average remaining term	34 years 1 month 6 days
Operating lease, weighted average discount rate	7.13%

Leases - Remaining Liabilities

Leases - Remaining Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Jun. 30, 2020
Leases [Abstract]
Fiscal Year 2021 (remainder)	$ 6,390
Fiscal Year 2022	43,563
Fiscal Year 2023	45,029
Fiscal Year 2024	44,937
Fiscal Year 2025	44,052
Thereafter	2,158,686
Total lease payments	2,342,657
Less imputed interest	(1,628,315)
Total lease liabilities	$ 714,342	$ 718,184

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Narrative (Details) - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill impairment	$ 0
Goodwill	226,955,000		$ 226,955,000		$ 226,955,000
Impairment of indefinite-lived intangible assets	0
Amortization of intangible assets	$ 265,000	$ 1,103,000	$ 530,000	$ 2,205,000

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Schedule of Indefinite-Lived Intangible Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Jun. 30, 2020
Indefinite-lived Intangible Assets by Major Class [Line Items]
Indefinite-lived intangible assets	$ 112,144	$ 112,144
Sports franchises
Indefinite-lived Intangible Assets by Major Class [Line Items]
Indefinite-lived intangible assets	111,064	111,064
Photographic related rights
Indefinite-lived Intangible Assets by Major Class [Line Items]
Indefinite-lived intangible assets	$ 1,080	$ 1,080

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Schedule of Intangible Assets Subject To Amortization (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Jun. 30, 2020
Finite-Lived Intangible Assets [Line Items]
Gross	$ 5,900	$ 5,900
Accumulated Amortization	(3,676)	(3,146)
Net	2,224	2,754
Trade names
Finite-Lived Intangible Assets [Line Items]
Gross	2,300	2,300
Accumulated Amortization	(1,572)	(1,342)
Net	728	958
Non-compete agreements
Finite-Lived Intangible Assets [Line Items]
Gross	2,400	2,400
Accumulated Amortization	(1,640)	(1,400)
Net	760	1,000
Other intangibles
Finite-Lived Intangible Assets [Line Items]
Gross	1,200	1,200
Accumulated Amortization	(464)	(404)
Net	$ 736	$ 796

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Financial Instruments (Details) - USD ($) $ in Thousands		Nov. 06, 2020	Dec. 31, 2020	Dec. 31, 2019	Jun. 30, 2020
Schedule Of Financial Instruments [Line Items]
Proceeds from revolving credit facilities			$ 30,000	$ 0
2020 Knicks Revolving Credit Facility | Knicks
Schedule Of Financial Instruments [Line Items]
Proceeds from revolving credit facilities		$ 20,000
2020 Rangers Revolving Credit Facility | Rangers
Schedule Of Financial Instruments [Line Items]
Proceeds from revolving credit facilities		$ 10,000
Carrying Value
Schedule Of Financial Instruments [Line Items]
Long-term debt	[1]		380,000		$ 350,000
Fair Value
Schedule Of Financial Instruments [Line Items]
Long-term debt	[1]		$ 380,000		$ 350,000
[1]	The Company’s long-term debt is classified within Level II of the fair value hierarchy as it is valued using quoted indices of similar securities for which the inputs are readily observable. The fair value of the Company’s long-term debt is the same as its carrying amount as the facilities bear interest at a variable rate indexed to current market conditions. On November 6, 2020, the Company amended and extended these credit facilities and borrowed an additional $20,000 under the 2020 Knicks Revolving Credit Facility (as defined in Note 12) and $10,000 under the 2020 Rangers Revolving Credit Facility (as defined in Note 12). See Note 12 for further details.

Fair Value Measurements - Conti

Fair Value Measurements - Contingent Consideration (Details) - USD ($) $ in Thousands		6 Months Ended
		Dec. 31, 2020	Dec. 31, 2019
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Contingent consideration liability, beginning balance		$ 336
Contingent consideration payment		(200)	$ (200)
Change in fair value of contingent consideration	[1]	(136)
Contingent consideration liability, ending balance		$ 0
[1]	The change in fair value of contingent consideration, including accretion, was recorded within Selling, general and administrative expenses in the accompanying consolidated statement of operations for the six months ended December 31, 2020.

Credit Facilities - Knicks and

Credit Facilities - Knicks and Rangers Narrative (Details)	Nov. 06, 2020USD ($)	Jan. 25, 2017USD ($)	Sep. 30, 2016USD ($)	Dec. 31, 2020USD ($)fiscal_quarter	Apr. 17, 2020USD ($)
Delayed Draw Facilities | Knicks | Madison Square Garden Entertainment Corp
Line of Credit Facility [Line Items]
Maximum borrowing capacity					$ 110,000,000
Delayed Draw Facilities | Rangers | Madison Square Garden Entertainment Corp
Line of Credit Facility [Line Items]
Maximum borrowing capacity					$ 90,000,000
Uncollateralized | Minimum | 2020 Knicks Holdings Revolving Credit Facility
Line of Credit Facility [Line Items]
Long-term Debt, Contingent Payment of Principal or Interest				Subject to customary notice and minimum amount conditions, Knicks Holdings may voluntarily prepay outstanding loans under the 2020 Knicks Holdings Revolving Credit Facility at any time, in whole or in part, without premium or penalty (except for customary breakage costs with respect to Eurocurrency loans). Knicks Holdings is required to make mandatory prepayments in certain circumstances, including if the amount of commitments under the 2020 Knicks Holdings Revolving Credit Facility increase above $350,000.
Knicks | Collateral Pledged | 2020 Knicks Revolving Credit Facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 275,000,000
Debt service ratio				1.5
Debt service ratio, terms, number of trailing quarters | fiscal_quarter				4
Line of credit facility amount outstanding				$ 220,000,000
Effective interest rate				1.65%
Interest payment				$ 1,394,000
Line of Credit Facility, Expiration Date	Nov. 6, 2023
Knicks | Collateral Pledged | 2016 Knicks Revolving Credit Facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity			$ 200,000,000
Debt instrument, term			5 years
Knicks | Collateral Pledged | Minimum | 2020 Knicks Revolving Credit Facility
Line of Credit Facility [Line Items]
Commitment fee percentage				0.25%
Qualified revenues threshold, percentage of available credit facility				350.00%
Knicks | Collateral Pledged | Minimum | 2020 Knicks Revolving Credit Facility | Base Rate
Line of Credit Facility [Line Items]
Basis spread on variable rate				0.50%
Knicks | Collateral Pledged | Minimum | 2020 Knicks Revolving Credit Facility | LIBOR
Line of Credit Facility [Line Items]
Basis spread on variable rate				1.50%
Knicks | Collateral Pledged | Maximum | 2020 Knicks Revolving Credit Facility
Line of Credit Facility [Line Items]
Commitment fee percentage				0.30%
Knicks | Collateral Pledged | Maximum | 2020 Knicks Revolving Credit Facility | Base Rate
Line of Credit Facility [Line Items]
Basis spread on variable rate				0.75%
Knicks | Collateral Pledged | Maximum | 2020 Knicks Revolving Credit Facility | LIBOR
Line of Credit Facility [Line Items]
Basis spread on variable rate				1.75%
Knicks | Uncollateralized | Revolving Credit Facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity			$ 15,000,000
Debt instrument, term			364 days
Knicks | Uncollateralized | 2020 Knicks Holdings Revolving Credit Facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 75,000,000
Debt service ratio				1.1
Debt service ratio, terms, number of trailing quarters | fiscal_quarter				4
Line of credit facility amount outstanding				$ 0
Line of Credit Facility, Expiration Date	Nov. 6, 2023
Knicks | Uncollateralized | Minimum | 2020 Knicks Holdings Revolving Credit Facility
Line of Credit Facility [Line Items]
Commitment fee percentage				0.375%
Knicks | Uncollateralized | Minimum | 2020 Knicks Holdings Revolving Credit Facility | Base Rate
Line of Credit Facility [Line Items]
Basis spread on variable rate				1.00%
Knicks | Uncollateralized | Minimum | 2020 Knicks Holdings Revolving Credit Facility | LIBOR
Line of Credit Facility [Line Items]
Basis spread on variable rate				2.00%
Knicks | Uncollateralized | Maximum | 2020 Knicks Holdings Revolving Credit Facility
Line of Credit Facility [Line Items]
Commitment fee percentage				0.50%
Knicks | Uncollateralized | Maximum | 2020 Knicks Holdings Revolving Credit Facility | Base Rate
Line of Credit Facility [Line Items]
Basis spread on variable rate				1.25%
Knicks | Uncollateralized | Maximum | 2020 Knicks Holdings Revolving Credit Facility | LIBOR
Line of Credit Facility [Line Items]
Basis spread on variable rate				2.25%
Rangers | Collateral Pledged | 2017 Rangers Revolving Credit Facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity		$ 150,000,000
Debt instrument, term		5 years
Rangers | Collateral Pledged | 2020 Rangers Revolving Credit Facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity		$ 250,000,000
Debt service ratio				1.5
Debt service ratio, terms, number of trailing quarters | fiscal_quarter				4
Line of credit facility amount outstanding				$ 160,000,000
Effective interest rate				2.15%
Interest payment				$ 1,361,000
Line of Credit Facility, Expiration Date	Nov. 6, 2023
Rangers | Collateral Pledged | Minimum | 2020 Rangers Revolving Credit Facility
Line of Credit Facility [Line Items]
Commitment fee percentage				0.375%
Rangers | Collateral Pledged | Minimum | 2020 Rangers Revolving Credit Facility | Base Rate
Line of Credit Facility [Line Items]
Basis spread on variable rate				0.75%
Rangers | Collateral Pledged | Minimum | 2020 Rangers Revolving Credit Facility | LIBOR
Line of Credit Facility [Line Items]
Basis spread on variable rate				1.75%
Rangers | Collateral Pledged | Maximum | 2020 Rangers Revolving Credit Facility
Line of Credit Facility [Line Items]
Commitment fee percentage				0.625%
Qualified revenues threshold, percentage of available credit facility				17.00%
Rangers | Collateral Pledged | Maximum | 2020 Rangers Revolving Credit Facility | Base Rate
Line of Credit Facility [Line Items]
Basis spread on variable rate				1.25%
Rangers | Collateral Pledged | Maximum | 2020 Rangers Revolving Credit Facility | LIBOR
Line of Credit Facility [Line Items]
Basis spread on variable rate				2.25%

Credit Facilities - Other Defer

Credit Facilities - Other Deferred Financing Costs (Details) - USD ($) $ in Thousands	Dec. 31, 2020		Jun. 30, 2020
Debt Instrument [Line Items]
Debt Issuance Costs, Line of Credit Arrangements, Gross	$ 4,553
Other current assets
Debt Instrument [Line Items]
Debt issuance costs, net	1,756	[1]	$ 675
Other assets
Debt Instrument [Line Items]
Debt issuance costs, net	$ 3,219	[1]	$ 264
[1]	In connection with the 2020 Knicks Revolving Credit Facility , 2020 Knicks Holdings Revolving Credit Facility and

Pension Plans and Other Postr_3

Pension Plans and Other Postretirement Benefit Plan - Schedule of Net Periodic Benefit Cost (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019
MSGE Pension Plans & MSGS Pension Plans
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) [Abstract]
Service cost	$ 0	$ 20	$ 0	$ 48
Interest cost	60	1,328	120	2,656
Expected return on plan assets	0	(1,328)	0	(2,659)
Recognized actuarial loss	10	344	20	680
Net periodic benefit cost	70	364	140	725
Continuing Operations	70	86	140	172
Discontinued Operations	0	278	0	553
Postretirement Plan
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) [Abstract]
Service cost	0	17	0	35
Interest cost	0	27	0	55
Expected return on plan assets	0	0	0	0
Recognized actuarial loss	0	2	0	5
Net periodic benefit cost	0	46	0	95
Continuing Operations	0	0	0	0
Discontinued Operations	$ 0	$ 46	$ 0	$ 95

Pension Plans and Other Postr_4

Pension Plans and Other Postretirement Benefit Plan - Defined Contribution Plan Schedule of Defined Contribution Plans (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019
MSG Saving Plans
Defined Contribution Plan Disclosure [Line Items]
Continuing Operations	$ 506	$ 2,096	$ 1,104	$ 4,006
Discontinued Operations	0	787	0	1,504
Total Savings Plan Expenses	$ 506	2,883	$ 1,104	5,510
MSG Union Plan
Defined Contribution Plan Disclosure [Line Items]
Plan expense		$ 31		$ 53

Share-based Compensation - Narr

Share-based Compensation - Narrative (Details) shares in Thousands	Oct. 08, 2020grantshares	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense		$ 15,981,000		$ 22,326,000
Share-based compensation in continuing operations capitalized		0	$ 0	0	$ 0
Share-based compensation expense for discontinued operations			2,439,000		5,534,000
Share-based Payment Arrangement, Noncash Expense				22,326,000	33,585,000
Share-based Payment Arrangement, Accelerated Cost		$ 7,400,000		$ 7,400,000
Continuing Operations [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense			$ 14,255,000		$ 28,051,000
Performance Stock Units (PSUs) | Mr. Dolan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Forfeited/canceled awards (in shares) | shares	32
Class A Common Stock | Mr. Dolan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options forfeited (in shares) | shares	449
Option | Mr. Dolan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of grants | grant	3
Vesting period	4 years

Share-based Compensation - Rest

Share-based Compensation - Restricted Stock Units Activity (Details) - Restricted Stock Units (RSUs) - $ / shares shares in Thousands		6 Months Ended
		Dec. 31, 2020		Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding [Roll Forward]
Beginning balance (USD per share)	[1]	$ 262.13
Granted (USD per share)		162.22	[1]	$ 247.18
Vested (USD per share)	[1]	239.33
Forfeited/canceled (USD per share)	[1]	284.89
Ending balance (USD per share)	[1]	$ 235.04
Nonperformance Based Vesting RSUs
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding [Roll Forward]
Beginning balance (shares)		275
Granted (shares)		123
Vested (shares)		(110)
Forfeited/canceled (shares)		(12)
Ending balance (shares)		276
Performance Based Vesting RSUs
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding [Roll Forward]
Beginning balance (shares)		327
Granted (shares)		48
Vested (shares)		(100)
Forfeited/canceled (shares)		(48)
Ending balance (shares)		227
[1]	Weighted-average fair value per share at date of grant does not reflect any adjustments to awards granted prior to the MSGE Distribution.

Share-based Compensation - Re_2

Share-based Compensation - Restricted Stock Units Activity Narrative (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	6 Months Ended
	Dec. 31, 2020		Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Payment for tax witholding	$ 13,891		$ 26,264
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Instruments vested in period	$ 34,668		$ 59,032
Shares withheld for tax withholding obligation, value (shares)	84
Payment for tax witholding	$ 13,891
Granted (USD per share)	$ 162.22	[1]	$ 247.18
Restricted Stock Units (RSUs) | MSG Entertainment
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Payment for tax witholding	$ 7,106
[1]	Weighted-average fair value per share at date of grant does not reflect any adjustments to awards granted prior to the MSGE Distribution.

Share-based Compensation - Stoc

Share-based Compensation - Stock Options Activity (Details) $ / shares in Units, shares in Thousands, $ in Thousands	6 Months Ended
	Dec. 31, 2020USD ($)$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Weighted average remaining contractual term	6 years 11 months 15 days
Aggregate intrinsic value | $	$ 3,595
Exercisable, weighted-average remaining contractual term	6 years 11 months 15 days
Exercisable, aggregate intrinsic value | $	$ 3,595
Nonperformance Based Vesting RSUs
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Beginning balance (shares) | shares	543
Granted (shares) | shares	0
Canceled (shares) | shares	(449)
Ending balance (shares) | shares	94
Beginning balance (USD per share) | $ / shares	$ 225.79
Granted (USD per share) | $ / shares	0
Canceled (USD per share) | $ / shares	242.51
Ending balance (USD per share) | $ / shares	$ 145.78
Exercisable (shares) | shares	94
Exercisable (USD per share) | $ / shares	$ 145.78

Stock Repurchase Program (Detai

Stock Repurchase Program (Details) - USD ($)	3 Months Ended	6 Months Ended
	Dec. 31, 2020	Dec. 31, 2020	Sep. 11, 2015
Equity [Abstract]
Stock repurchase program, authorized amount			$ 525,000,000
Repurchases of common stock, shares	0	0
Stock repurchase program, remaining authorized amount	$ 259,639,000	$ 259,639,000

Related Party Transactions - Na

Related Party Transactions - Narrative (Details)	6 Months Ended
	Dec. 31, 2020
Related Party Transaction [Line Items]
Aggregate voting power held by related party	70.70%
Common Class A
Related Party Transaction [Line Items]
Percentage of common stock owned by related party	3.00%
Common Class B
Related Party Transaction [Line Items]
Percentage of common stock owned by related party	100.00%
MSG Entertainment | Arena License Agreements
Related Party Transaction [Line Items]
License agreement term	35 years
MSG Entertainment | Sponsorship Sales And Service Representation Agreements
Related Party Transaction [Line Items]
License agreement term	10 years
Director | A605 L L C
Related Party Transaction [Line Items]
Ownership percentage	50.00%
MSG Networks | Media Rights Agreements
Related Party Transaction [Line Items]
License agreement term	20 years

Related Party Transactions - Tr

Related Party Transactions - Transactions by Type (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019
Related Party Transaction [Line Items]
Revenues	$ 14,369	$ 61,119	$ 23,430	$ 67,446
Other operating expenses (credits), net	52	(277)	52	(332)
MSG Networks
Related Party Transaction [Line Items]
Related Party Transaction Corporate General And Administrative Expense (Credit)	(219)	(2,602)	(438)	(5,204)
MSG Entertainment
Related Party Transaction [Line Items]
Related Party Transaction Corporate General And Administrative Expense (Credit)	8,456	0	20,318	0
Costs associated with the Sponsorship sales and service representation agreements	2,322	0	4,680	0
Related party transactions Arena License Agreements	$ 2,494	$ 0	$ 2,854	$ 0

Related Party Transactions - _2

Related Party Transactions - Transactions by Type - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019
Related Party Transaction [Line Items]
Loss in equity method investments, net of income distributions			$ 0	$ 2,643
Discontinued Operations, Disposed of by Means Other than Sale
Related Party Transaction [Line Items]
Discontinued operations, related party revenue		$ 6,381		7,119
Discontinued operations, related party operating expense		275		462
Loss in equity method investments, net of income distributions		1,170		2,643
MSG Networks | Service Agreement
Related Party Transaction [Line Items]
Related party transaction, services agreement	$ 219	$ 2,641	438	$ 5,282
MSG Entertainment | Office Lease
Related Party Transaction [Line Items]
Related party transaction, services agreement	674		1,369
MSG Entertainment | Arena Lease [Member]
Related Party Transaction [Line Items]
Related party transaction, services agreement	2,210		2,210
MSG Entertainment | Transition Service Agreement [Member]
Related Party Transaction [Line Items]
Related party transaction, services agreement	$ 7,913		$ 18,949

Income Taxes - Rate Reconciliat

Income Taxes - Rate Reconciliation - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Income tax expense (benefit)	$ 170	$ 2,773	$ (328)	$ (16,730)
Tax expense, increase in valuation allowance	9,842		17,463
Tax expense, nondeductible officers' compensation	533	1,547	1,393	3,008
State income tax benefit (expense)	(3,427)	$ 1,099	(6,261)	(4,380)
Share-based compensation awards	$ (1,558)		$ (1,558)	$ 3,185
Federal statutory income tax rate, percent	21.00%	21.00%	21.00%	21.00%