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Benefit Plans (Tables)
 12 Months Ended
Jun. 30, 2025
Retirement Benefits [Abstract]  
Schedule of Net Funded Status
The following table summarizes the projected benefit obligations and the amounts recorded on the Company’s consolidated balance sheets as of June 30, 2025 and 2024, associated with the Pension Plans based upon actuarial valuations as of those measurement dates:
June 30,
20252024
Change in benefit obligation:
Benefit obligation at beginning of period$7,631 $7,837 
Interest cost251 272 
Actuarial loss (gain)437 (18)
Benefits paid(390)(248)
Plan settlements paid(3,057)(212)
Benefit obligation at end of period$4,872 $7,631 
Schedule of Amounts Recognized in Balance Sheet
Amounts recognized in the consolidated balance sheets as of June 30, 2025 and 2024 consist of:
June 30,
20252024
Current liabilities (included in accrued employee-related costs)$(786)$(3,528)
Non-current liabilities (included in Defined benefit obligations)(4,086)(4,103)
$(4,872)$(7,631)
Schedule of Net Periodic Benefit Cost Not yet Recognized
Accumulated other comprehensive loss, before income tax, as of June 30, 2025 and 2024 consists of the following amounts that have not yet been recognized in net periodic benefit cost:
June 30,
20252024
Actuarial loss$(377)$(458)
Schedule of Net Periodic Benefit Cost
The following table presents components of net periodic benefit cost for the Pension Plans included in the accompanying consolidated statements of operations for the years ended June 30, 2025, 2024 and 2023. Components of net periodic benefit cost are reported in Miscellaneous (expense) income, net:
Years Ended June 30,
202520242023
Interest cost$251 $272 $239 
Recognized actuarial loss81 37 18 
Settlement loss recognized (a)
437 30 30 
Net periodic benefit cost$769 $339 $287 
_________________
(a)For the years ended June 30, 2025, 2024 and 2023, lump-sum payments totaling $3,057, $212 and $253, respectively, were distributed to vested participants of the Excess Cash Balance Plan, triggering the recognition of settlement losses in accordance with ASC Topic 715. Due to these pension settlements, the Company was required to remeasure its pension plan liability as of June 30, 2025, 2024 and 2023, respectively. Assumptions used in calculating the settlement loss recognized include the discount rate used in remeasuring the projected benefit obligation which was 4.99% as of June 30, 2025, 5.53% as of June 30, 2024, and 5.57% as of June 30, 2023. Settlement charges of $437, $30 and $30 were recognized in Miscellaneous (expense) income, net for the years ended June 30, 2025, 2024 and 2023, respectively.
Schedule of Amounts Recognized in Other Comprehensive Income (Loss)
Other pre-tax changes in benefit obligations recognized in other comprehensive income for the years ended June 30, 2025, 2024 and 2023 are as follows:
Years Ended June 30,
202520242023
Actuarial (loss) gain, net$(437)$18 $215 
Recognized actuarial loss81 37 18 
Settlement loss recognized
437 30 30 
Total recognized in other comprehensive income$81 $85 $263 
Schedule of Assumptions Used
Weighted-average assumptions used to determine benefit obligations (made at the end of the period) as of June 30, 2025 and 2024 are as follows:
June 30,
20252024
Discount rate5.27 %5.51 %
Interest crediting rate4.74 %4.55 %
Weighted-average assumptions used to determine net periodic benefit cost (made at the beginning of the period) for the years ended June 30, 2025, 2024 and 2023 are as follows:
Years Ended June 30,
202520242023
Discount rate - projected benefit obligation5.51 %5.44 %4.60 %
Discount rate - interest cost5.05 %5.15 %4.27 %
Schedule of Expected Benefit Payments
The following table presents estimated future fiscal year benefit payments:
Fiscal year ending June 30, 2026$804 
Fiscal year ending June 30, 2027433 
Fiscal year ending June 30, 2028433 
Fiscal year ending June 30, 2029430 
Fiscal year ending June 30, 2030427 
Fiscal years ending June 30, 2031 – 20351,921 
Schedule of Multiemployer Plans
The following table outlines the Company’s participation in multiemployer defined benefit pension plans for the years ended June 30, 2025, 2024 and 2023, and summarizes the contributions that the Company has made during each period. The “EIN” and “Pension Plan Number” columns provide the Employer Identification Number and the three-digit plan number for each applicable plan. The most recent Pension Protection Act zone status available as of June 30, 2025 and 2024 relates to the plan’s two most recent years ended which are indicated. Among other factors, plans in the red zone are generally less than 65% funded, plans in the orange zone are both less than 80% funded and have an accumulated funding deficiency or are expected to have a deficiency in any of the next six plan years, plans in the yellow zone are less than 80% funded, and plans in the green zone are at least 80% funded. The “FIP/RP Status Pending/Implemented” column indicates whether a funding improvement plan (“FIP”) for yellow/orange zone plans or a rehabilitation plan (“RP”) for red zone plans is either pending or has been implemented by the trustees of such plan. The zone status and any FIP or RP information is based on information that the Company received from the plan, and
the zone status is as certified by the plan’s actuary. The last column lists the expiration date(s) or a range of expiration dates of the CBA to which the plans are subject. There are no other significant changes that affect such comparability.
PPA Zone StatusFIP/RP Status Pending / ImplementedMSG Sports
As of June 30, Years Ended June 30,
Plan NameEINPension Plan Number20252024202520242023Surcharge ImposedExpiration Date of CBA
National Basketball Association Players’ Pension Plan832172122001YellowYellowImplemented$4,576 $4,254 $4,113 No6/1/2030 (with certain termination rights becoming effective 6/2029)
as ofas of
2/2/20242/2/2023
National Hockey League Players’ Retirement Benefit Plan462555356001GreenGreenNo1,309 1,198 1,413 No9/15/2030
as ofas of
4/30/20244/30/2023
All Other Multiemployer Defined Benefit Pension Plans
— 10 453 
$5,885 $5,462 $5,979 
Schedule of Deferred Compensation Plan
Amounts recognized in the consolidated balance sheets as of June 30, 2025 and 2024 related to the Deferred Compensation Plan consist of:
June 30,June 30,
20252024
Non-current assets (included in investments)
$23,536 $18,837 
Current liabilities (included in accrued employee-related costs)
(1,333)(1,233)
Non-current liabilities (included in other employee-related costs)
(22,203)(17,604)