MSG offers voluntary buyouts to staff this week, Sportico says

Madison Square Garden is offering voluntary buyouts to a number of staff this week, including a few high-ranking executives, Sportico’s Scott Soshnick and Eben Novy-Williams report, citing multiple people familiar with the mater. The offers differ based on years of service and role, and include potential bonus payments and accelerated vesting of company stock, the authors say. “This is a voluntary program that supports a more efficient and nimble organization-this is not a restructuring or cost-saving measure,” an MSG spokesperson said in a statement.