Scott O'Neil Resigns As President Of Madison Square Garden Sports

NEW YORK, NY - MARCH 14: Executive Chairman of Madison Square Garden & NBA Governor, James L. Dolan speaks to the media at a press conference to announce Mike Woodson as the interim head coach of the New York Knicks following the resignation of Mike D'Antoni at Madison Square Garden on March 14, 2012 in New York City. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and/or using this Photograph, user is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Chris Trotman/Getty Images)

Scott O'Neil, President of Madison Square Garden Sports, is stepping down from his position with the company.

Scott O'Neil has resigned as the President of Madison Square Garden Sports. Frank Isola first reported that MSG executive Hank Ratner sent an email to employees notifying them of the departure. O'Neil was initially tabbed to help run the business and marketing side of things but had taken an increased role in basketball operations in recent years. He was well-regarded as President of MSG, making the company plenty of money. It's unclear exactly why he stepped down, but he did release a statement confirming the move (via Scott Soshnick of Bloomberg)

My time at The World's Most Famous Arena has been nothing short of incredible and I am proud of our results. I am thankful and extremely proud of what we accomplished at MSG Sports. There is nothing more rewarding than the opportunity to help build a world-class staff and seeing them perform beyond our loftiest expectations - people I consider not only the most talented in the business, but also true friends. To help lead and steward iconic brands like the Knicks and Rangers and sell the transformed Garden in a city like New York has been a true privilege. I could not be more excited about the process of discovering what lies ahead.

As Seth at Poasting and Toasting points out, O'Neil had developed strong ties to CAA and was one of the Knicks' representatives during the whirlwind week of meetings with LeBron James in 2010. His name also surfaced as a potential replacement for Donnie Walsh, so the Knicks are not only losing a strong voice on the business side but also a valuable basketball opinion.

For more on the Knicks, visit Poasting and Toasting.

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