New York Taxpayers To Foot Most Of Bill From MSG Sex Harrassment Case

LIFE’S NOW A BITCH (AND HO) FOR NEW YORK TAXPAYERS: The NEW YORK DAILY NEWS has even more happy news for Knicks fans (and all citizens of the great Empire State): You are paying most of the $11.6M settlement from the Isiah Thomas sex harassment judgement.

Isiah Thomas

Michael Daly reports that in 1982, New York lawmakers decided to give the owners of Madison Square Garden (and the Knicks and Rangers) a yearly tax break. That exemption now amounts to almost exactly $11M annually. How convenient!