Madison Square Garden Chief Executive James Dolan got a hefty raise, the company said Thursday.

Dolan will bring home roughly $9.3 million in total compensation over the next year — including sales, bonus and other payout — up 20 percent from his previous contract.

MSG, which owns the Knicks and Rangers, saw its shares spike about 46 percent over the past year.

Dolan’s raise means he will make 63 percent more than Knicks’ star Kristaps Porzingis, who will pull down $5.7 million this season.

If that isn’t enough, Dolan has a one-time provision in his new contract that would give him the opportunity to amass $40 million over the next 7 ¹/₂ years if MSG can hit certain performance goals.

“This contract, which includes a substantial number of options priced at a meaningful premium, represents significant confidence in the future of MSG,” a representative said.