Isola: Scott O'Neil is expected to resign.

NEW YORK NY - JANUARY 13: Scott O'Neil President of Madison Square Garden Sports speaks during a press conference to announce commitment to bring UFC to Madison Square Garden and New York State at Madison Square Garden on January 13 2011 in New York City. (Photo by Michael Cohen/Getty Images)

Update (2:44 PM): MSG has also released a statement and announced their intention to begin searching for a replacement. K.

Update (2:28 PM): Here's what appears to be O'Neil's statement, which would suggest that this is indeed happening.

This isn't breaking news yet-- it's just a rumor, and it's from Frank Isola-- but it is mildly interesting. According to Isola, President of Madison Square Garden Sports Scott O'Neil is expected to resign sometime next week. Here are the relevant Isola tweets:

MSG president Scott O'Neil is expected to resign next week, according to sources

Scott O'Neil has been a rising star in the business and made MSG a bundle of money. No word yet on why he's stepping down.

MSG exec Hank Ratner sent out an email to employees to announce that Scott O'Neil is leaving, according to sources.

Recall that O'Neil was a bro who pertained more to the business side of things-- marketing and whatnot for all of MSG's occupants-- but he'd made his way into the basketball operations over the last few years. He's supposed to have close connections with CAA, was one of the officials to meet with LeBron James's people when the Knicks were courting him, and was reportedly in the running to replace Donnie Walsh before Glen Grunwald was promoted into that position (Update: Reportedly pushed for Marky Wark's hiring for CAA reasons, too). He even emceed that Knicks roundtable during Linsanity, didn't he?

Whether O'Neil is actually leaving and, if so, why he's doing so (assuming it's something other than just the usual being fed up with the organization, though he kinda seems like part of the reason people have become fed up with the organization) remain to be seen. Just thought I'd pass this along.

X
Log In Sign Up

forgot?
Log In Sign Up

Forgot password?

We'll email you a reset link.

If you signed up using a 3rd party account like Facebook or Twitter, please login with it instead.

Forgot password?

Try another email?

Almost done,

Join Posting and Toasting

You must be a member of Posting and Toasting to participate.

We have our own Community Guidelines at Posting and Toasting. You should read them.

Join Posting and Toasting

You must be a member of Posting and Toasting to participate.

We have our own Community Guidelines at Posting and Toasting. You should read them.

Spinner.vc97ec6e

Authenticating

Great!

Choose an available username to complete sign up.

In order to provide our users with a better overall experience, we ask for more information from Facebook when using it to login so that we can learn more about our audience and provide you with the best possible experience. We do not store specific user data and the sharing of it is not required to login with Facebook.

tracking_pixel_9347_tracker