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It is no accident that the soaring performance of The Madison Square Garden Company's (MSG) stock directly coincides with the New York Knicks' best season in well over a decade. In the 2012-13 NBA season, the Knicks won the Atlantic Division for the first time since 1993-94, won their first playoff series since 2000, and superstar Carmelo Anthony won the scoring title. As a result, shares of MSG climbed from $40 on October 1st, 2012 to a high of $62 during the Knicks' playoff run. The largest market in sports has Knicks fever, which is clearly a boom for MSG stock.

The Knicks' recent success has translated to sold out games and increased TV ratings for the...

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