Madison Square Garden CEO James Dolan's 2019 pay jumps 506% to $54.1M

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 $12.7M, a 92% increase compared to previous year.
Average pay of disclosed executives at Madison Square Garden
James L. Dolan, Chief Executive Officer, received $54.1M in total, which increased by 367% compared to 2018. 55.44% 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, $19.9M in stock awards, as well as $695.7K 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. 42.54% 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.