MSG prez O'Neil resigns

Scott O'Neil is stepping down as president of Madison Square Garden after four years in the position. O'Neil replaced Steve Mills, who served in that role from Dec. 2003 to July 2008.

O'Neil is considered to have a close relationship with Creative Artists Agency, which may have helped foster some major transactions between the Knicks and CAA. The agency represents Carmelo Anthony, J.R. Smith, coach Mike Woodson and Assistant GM Allan Houston.

Here is a statement O'Neil released on Wednesday:

"My time at The World's Most Famous Arena has been nothing short of incredible and I am proud of our results. I am thankful and extremely proud of what we accomplished at MSG Sports. There is nothing more rewarding than the opportunity to help build a world-class staff and seeing them perform beyond our loftiest expectations -- people I consider not only the most talented in the business, but also true friends.

"To help lead and steward iconic brands, like the Knicks and Rangers, and sell the transformed Garden in a city like New York, has been a true privilege. I could not be more excited about the process of discovering what lies ahead."

The Madison Square Garden Company, which is currently searching for a replacement, said in a statement that it is "grateful for Scott's years of service and his many contributions to the company, and wish him the very best of luck as he moves forward."

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