NEWS

Knicks Complete Sign & Trade for Stoudemire

New York, NY (July 9, 2010) - New York Knickerbockers President of Basketball Operations Donnie Walsh announced today that five-time NBA All-Star forward Amar'e Stoudemire has been officially acquired from the Phoenix Suns, via sign-and trade, in exchange for a protected future second-round draft selection.

Stoudemire, 6-10, 249-pounds, has career averages of 21.4 points, 8.9 rebounds, 1.40 blocks and 34.3 minutes in 516 career games (499 starts) in eight NBA seasons with the Phoenix Suns. The Lake Wales, FL-native has been named an NBA All-Star five times and holds playoff career averages of 24.2 points and 9.2 rebounds in 52 playoff games (all starts). Selected by Phoenix with the ninth overall selection in the 2002 NBA Draft, Stoudemire was named the NBA Rookie of the Year in 2003 and has been named All-NBA four times, including a first team All-NBA selection in 2007.

In 2009-10, Stoudemire started all 82 regular season games and averaged 23.1 points, 8.9 rebounds and 34.6 minutes while shooting 55.7-percent from the floor in earning All-NBA Second Team honors. Stoudemire finished the season ranked 10th in the NBA in scoring and seventh in the league in field goal percentage and led the Suns to the Western Conference Finals.

The NBA's New York Knickerbockers basketball team, completing its 64th year of operation is part of Madison Square Garden, a fully-integrated sports, entertainment and media business. The company is comprised of three business segments: MSG Sports, MSG Entertainment and MSG Media, which are strategically aligned to work together to drive MSG's overall business, which is built on a foundation of iconic venues and compelling content that MSG creates, produces, presents and/or distributes through its programming networks and other media assets. MSG Sports consists of owning and operating sports franchises, including the New York Knicks (NBA), the New York Rangers (NHL), the New York Liberty (WNBA), and the Hartford Wolf Pack (AHL). MSG Sports also features other sports properties, including the presentation of a wide variety of live sporting events including professional boxing, college basketball, track and field and tennis. MSG Entertainment is one of the country's leaders in live entertainment. MSG Entertainment creates, produces and/or presents a variety of live productions, including the Radio City Christmas Spectacular featuring the Radio City Rockettes, throughout the country. MSG Entertainment also presents or hosts other live entertainment events such as concerts, family shows and special events in MSG's diverse collection of venues. These venues include Madison Square Garden, Radio City Music Hall, the Theater at Madison Square Garden, the Beacon Theatre, the Chicago Theatre and the Wang Theatre. MSG Media is a leader in production and content development for multiple distribution platforms, including content originating from MSG's venues. MSG Media consists of the MSG Networks (MSG network, MSG Plus, MSG HD and MSG Plus HD) regional sports networks and the Fuse Networks (Fuse and Fuse HD) a national television network dedicated to music. MSG Media is also responsible for managing interactive initiatives across all business segments. More information is available at www.msg.com.

Contacts:
Jonathan Supranowitz
212-465-6243
jonathan.supranowitz@msg.com

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