New York Knicks And New York Rangers Release 2011-12 Season Ticket Information

NEW YORK, March 11, 2011 (GLOBE NEWSWIRE) -- The New York Knickerbockers and New York Rangers today released season ticket information for the 2011-12 seasons when Madison Square Garden (Nasdaq:MSG) will debut the first phase of the building's top-to-bottom Transformation. The company also announced that it will not institute Personal Seat Licenses (PSLs) in the transformed Arena.

For the 2011-12 season Knicks season ticket prices will increase an average of 49%, and Rangers will increase an average of 23%. Knicks tickets have only been raised once in the last ten seasons, including staying flat for the past six, and Rangers ticket prices did not increase for the 2010-11 season. Knicks and Rangers season ticket holders will be contacted directly by their personal relationship manager with specific information on their account.

"Our top priority is to create a world class experience for every person that visits Madison Square Garden. The Garden Transformation will provide our fans with best in class service, new amenities, and outstanding food and beverage offerings. This will be a new state-of-the-art arena with wider concourses, new seats, better sightlines, and improved social settings," said Scott O'Neil, president, MSG Sports. "Our commitment is for Madison Square Garden to not only be recognized as The World's Most Famous Arena, but the world's most spectacular one as well – something our fans, partners and all New Yorkers deserve. While ticket prices for Knicks and Rangers will be increasing, we will continue to offer a variety of price points for our fans and will not be instituting PSLs."

As a result of the Transformation, the seating configuration in the lower bowl of the Arena will completely change beginning next season, the upper bowl is expected to follow in the 2012-13 season. Season ticket holders will be relocated to new seats accordingly.