Madison Square Garden CEO James Dolan's 2019 pay jumps 506% to $54M
Madison Square Garden reports 2019 executive compensation
By ExecPay News
Published: October 25, 2019
Madison Square Garden reported fiscal year 2019 executive compensation information on October 25, 2019.
In 2019, six executives at Madison Square Garden received on average a compensation package of $13M, a 92% increase compared to previous year.
Average pay of disclosed executives at Madison Square Garden
James L. Dolan, Chief Executive Officer, received $54M in total, which increased by 367% compared to 2018. 55% of Dolan's compensation, or $30M, was in option awards. Dolan also received $7.5K of change in pension value and nonqualified deferred compensation earnings, $2.6M in non-equity incentive plan, $1M in salary, $20M in stock awards, as well as $696K in other compensation.
For fiscal year 2019, the median employee pay was $18,650 at Madison Square Garden. Therefore, the ratio of James L. Dolan's pay to the median employee pay was 2,902 to one.
Andrew Lustgarten, President, received a compensation package of $8.5M, which decreased by 8% compared to previous year. 43% of the compensation package, or $3.6M, was in non-equity incentive plan.
Donna Coleman, Chief Financial Officer, earned $6.2M in 2019, a 32% increase compared to previous year.
Lawrence J. Burian, General Counsel, received $3.8M in 2019, which increases by 22% compared to 2018.
Philip D'Ambrosio, Senior Vice President, Treasurer, earned $1.9M in 2019.
Victoria M. Mink, Chief Financial Officer, received $1.9M in 2019.
Madison Square Garden's fiscal year ends on June 30.
Related executives
James Dolan
Madison Square Garden
Chief Executive Officer
Andrew Lustgarten
Madison Square Garden
President
Victoria Mink
Madison Square Garden
Chief Financial Officer
Lawrence Burian
Madison Square Garden
General Counsel
Philip D'Ambrosio
Madison Square Garden
Senior Vice President, Treasurer
Donna Coleman
Madison Square Garden
Chief Financial Officer
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Source: SEC filing on October 25, 2019.