SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 10-Q

[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
    EXCHANGE ACT OF 1934

For the quarterly period ended JULY 25, 1999

                                       OR

[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
    EXCHANGE ACT OF 1934

For the transition period from ___________________ to ____________________

Commission File No. 1-13426

                           THE SPORTS AUTHORITY, INC.
             (Exact name of registrant as specified in its charter)

          Delaware                                              36-3511120
(State or other jurisdiction of                              (I.R.S. Employer
 incorporation or organization)                             Identification No.)

3383 N. State Road 7, Ft. Lauderdale, Florida                      33319
   (Address of principal executive offices)                      (Zip Code)

                                 (954) 735-1701
              (Registrant's telephone number, including area code)

Indicate  by check  mark  whether  the  registrant:  (1) has filed  all  reports
required to be filed by Section 13 or 15 (d) of the  Securities  Exchange Act of
1934  during  the  preceding  12 months  (or for such  shorter  period  that the
registrant was required to file such reports),  and (2) has been subject to such
filing requirements for the past 90 days.

                 Yes      [X]                 No [ ]

Number of shares of Common Stock outstanding at September 8, 1999:  31,984,781


<PAGE>
                                   THE SPORTS AUTHORITY, INC.

                                       INDEX TO FORM 10-Q

                                                                     PAGE NUMBER

Part I.       FINANCIAL INFORMATION

              Item 1.     Financial Statements

                          Consolidated Statements of Operations           3

                          Consolidated Balance Sheets                     4

                          Consolidated Statements of Cash Flows           5

                          Notes to Consolidated Financial Statements      6

              Item 2.     Management's Discussion and Analysis of
                          Financial Condition and Results of Operations  11

Part II.                  OTHER INFORMATION

              Item 1.     Legal Proceedings                              20

              Item 4.     Submission of Matters to a Vote of
                          Security Holders                               20

              Item 6.     Exhibits and Reports on Form 8-K               22


SIGNATURES                                                               23

INDEX TO EXHIBITS                                                        24

                                       2
<PAGE>

Part I. FINANCIAL INFORMATION

Item 1. Financial Statements

<TABLE>
<CAPTION>
                           THE SPORTS AUTHORITY, INC.
                      CONSOLIDATED STATEMENTS OF OPERATIONS
                      (In thousands, except per share data)

                                                                 13 WEEKS ENDED                     26 WEEKS ENDED
                                                           -----------------------------      -----------------------------
                                                             JULY 25,          JULY 26,         JULY 25,          JULY 26,
                                                           -----------       -----------      -----------       -----------
                                                              1999              1998             1999              1998
                                                           -----------       -----------      -----------       -----------
                                                                    (UNAUDITED)                        (UNAUDITED)
<S>                                                        <C>               <C>              <C>               <C>
Sales                                                      $   385,550       $   427,238      $   742,067       $   773,703
License fees and rental income                                     342                29              804               774
                                                           -----------       -----------      -----------       -----------
                                                               385,892           427,267          742,871           774,477
                                                           -----------       -----------      -----------       -----------
Cost of merchandise sold, includes
     buying and occupancy costs                                284,394           313,601          549,352           570,790
Selling, general and administrative expenses                    92,988           102,015          188,205           193,993
Pre-opening expense                                                232             2,464            1,206             4,280
Goodwill amortization                                              491               491              981               981
                                                           -----------       -----------      -----------       -----------
                                                               378,105           418,571          739,744           770,044
                                                           -----------       -----------      -----------       -----------

Corporate restructuring                                              -                 -             (700)                -
                                                           -----------       -----------      -----------       -----------

     Operating income                                            7,787             8,696            3,827             4,433

Other (income) expense:
     Interest, net                                               4,029             2,623            7,562             5,298
     Gain on deconsolidation                                         -                 -           (5,001)                -
                                                           -----------       -----------      -----------       -----------
                                                                 4,029             2,623            2,561             5,298
                                                           -----------       -----------      -----------       -----------

Income (loss) before income taxes                                3,758             6,073            1,266              (865)
Income tax expense                                               1,493             2,651              471                29
Minority interest                                                    -              (405)               -              (975)
                                                           -----------       -----------      -----------       -----------
     Net income                                            $     2,265       $     3,827      $       795       $        81
                                                           ===========       ===========      ===========       ===========

Earnings per common share-basic and diluted                $      0.07       $      0.12      $      0.02       $         -
                                                           ===========       ===========      ===========       ===========

Weighted average common shares outstanding:
     Basic                                                      31,949            31,781           31,925            31,711
                                                           ===========       ===========      ===========       ===========

     Diluted                                                    32,047            32,036           32,071            31,957
                                                           ===========       ===========      ===========       ===========
</TABLE>



           See accompanying Notes to Consolidated Financial Statements

                                       3
<PAGE>
<TABLE>
<CAPTION>
                           THE SPORTS AUTHORITY, INC.
                           CONSOLIDATED BALANCE SHEETS
                                 (In thousands)

                                                                 JULY 25,         JANUARY 24,
                                                                   1999              1999
                                                               -----------       ------------
                                                               (UNAUDITED)
<S>                                                            <C>               <C>
ASSETS
Current assets:
    Cash and cash equivalents                                  $    18,590       $     22,946
    Merchandise inventories                                        392,760            367,951
    Accounts receivable and other current assets                    48,522             48,438
                                                               -----------       ------------
        Total current assets                                       459,872            439,335

Net property and equipment                                         309,576            341,371
Other assets and deferred charges                                   55,260             72,073
Goodwill - net of accumulated amortization of
    $18,566 and $17,585, respectively                               47,839             48,820
                                                               -----------       ------------

        Total Assets                                           $   872,547       $    901,599
                                                               ===========       ============

LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
    Accounts payable - trade                                   $   162,865       $    180,117
    Accrued payroll and other liabilities                           96,331            139,468
    Short-term debt                                                121,265             75,623
    Taxes other than income taxes                                   15,908             13,582
                                                               -----------       ------------
        Total current liabilities                                  396,369            408,790
Long-term debt                                                     149,906            173,248
Other long-term liabilities                                         50,774             50,804
                                                               -----------       ------------
        Total liabilities                                          597,049            632,842

Minority interest                                                        -             (4,155)

Stockholders' equity:
    Common stock, $.01 par value, 100,000 shares
       authorized, 32,040 and 31,951 issued, respectively              320                320
    Additional paid-in-capital                                     251,501            251,024
    Deferred compensation and receivables from officers               (553)              (531)
    Retained earnings                                               26,230             25,435
    Treasury stock, 55 and 56 shares at cost, respectively            (513)              (527)
    Accumulated other comprehensive loss                            (1,487)            (2,809)
                                                               -----------       ------------
        Total stockholders' equity                                 275,498            272,912
                                                               -----------       ------------

        Total Liabilities and Stockholders' Equity             $   872,547       $    901,599
                                                               ===========       ============
</TABLE>
           See accompanying Notes to Consolidated Financial Statements

                                       4
<PAGE>
<TABLE>
<CAPTION>
                           THE SPORTS AUTHORITY, INC.
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                                 (In thousands)

                                                                                                     26 WEEKS ENDED
                                                                                              ------------------------------
                                                                                               JULY 25,           JULY 26,
                                                                                                 1999               1998
                                                                                              -----------       ------------
                                                                                                      (UNAUDITED)
<S>                                                                                           <C>               <C>
CASH PROVIDED BY (USED FOR):

OPERATIONS
    Net income                                                                                $       795       $         81
    Adjustments to reconcile net income to operating cash flows:
        Depreciation and amortization                                                              23,198             22,600
        Cumulative translation adjustment                                                             (48)               295
        Minority interest in net loss of joint venture                                                  -               (975)
        Loss on sale or disposal of property and equipment                                             62                  6
        Gain on deconsolidation of joint venture                                                   (5,001)                 -
        (Increase) decrease in accounts receivable and other current assets                        (2,813)             2,074
        Increase in inventories                                                                   (51,031)           (89,331)
        Decrease (increase) in other assets and deferred charges                                       24             (1,772)
        Purchase of property held for resale                                                            -             (2,854)
        Increase in accounts payable - trade                                                        4,480             50,624
        Decrease in accrued payroll and other liabilities                                         (28,012)            (8,221)
        Increase in accrued taxes other than income taxes                                           2,606              7,796
        Decrease in accrued income taxes                                                                -             (2,953)
        (Decrease) increase in other long-term liabilities                                            (31)             2,243
                                                                                              -----------       ------------

        Net cash used for operations                                                              (55,771)           (20,387)
                                                                                              -----------       ------------

INVESTING
    Capital expenditures                                                                          (15,085)           (35,019)
    Deconsolidation of joint venture                                                               (3,127)                 -
    Other - net                                                                                         4              6,396
                                                                                              -----------       ------------

        Net cash used for investing                                                               (18,208)           (28,623)
                                                                                              -----------       ------------

FINANCING
    Short-term borrowings                                                                          70,998             60,575
    Long-term borrowings                                                                                -              4,189
    Proceeds from sale of stock                                                                       196              1,836
    Proceeds from sale of treasury stock                                                               14                  -
    Debt issuance costs                                                                            (1,170)                 -
    Payment of capital lease obligations                                                             (415)              (309)
                                                                                              -----------       ------------

        Net cash provided by financing                                                             69,623             66,291
                                                                                              -----------       ------------

NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS                                               (4,356)            17,281
    Cash and cash equivalents at beginning of year                                                 22,946             20,359
                                                                                              -----------       ------------

CASH AND CASH EQUIVALENTS AT END OF PERIOD                                                    $    18,590       $     37,640
                                                                                              ===========       ============
</TABLE>
           See accompanying Notes to Consolidated Financial Statements

                                       5
<PAGE>
                           THE SPORTS AUTHORITY, INC.

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE 1:  BASIS OF PRESENTATION

    The accompanying unaudited consolidated financial statements do not include
all information and footnotes necessary for the annual presentation of financial
position, results of operations and cash flows in conformity with generally
accepted accounting principles.

    Certain amounts in the prior year's financial statements have been
reclassified to conform to the current year's presentation.

    In the opinion of The Sports Authority, Inc. (the "Company") management, all
adjustments (consisting of normal, recurring accruals) necessary for a fair
presentation of the results for the interim periods have been included.

NOTE 2:  INVESTMENTS IN JOINT VENTURES

JAPANESE JOINT VENTURE:

    In March 1999, the Company sold 32% of its ownership interest in the
Japanese joint venture Mega Sports Co., Ltd. ("Mega Sports") to its joint
venture partner, JUSCO Co., Ltd. ("JUSCO"). The sale reduced the Company's
ownership of the joint venture from 51% to 19%. In May 1999, JUSCO made an
additional capital contribution to Mega Sports, not matched by the Company,
which further reduced the Company's ownership to 8.4%. As a minority owner, the
Company discontinued consolidation of the joint venture in 1999.

    The Company has a license agreement with Mega Sports which permits Mega
Sports to use certain trademarks, technology and know-how of the Company in
exchange for royalty fees of 1.0% of Mega Sports' gross sales in 1999, 1.1% in
2000 and 1.2% in 2001 through 2005. Mega Sports has the option of extending the
agreement for three ten-year periods expiring in 2035. The results of operations
in the second quarter of 1999 include royalty fees of approximately $0.3 million
pursuant to this agreement. In 1998, intercompany royalty fees were eliminated
due to consolidation of the joint venture in the Company's results of
operations.

E-COMMERCE JOINT VENTURE:

    In May 1999, the Company and Global Sports Interactive, Inc. ("Global
Sports") formed TheSportsAuthority.com ("TSA.com"), a joint venture which will
operate the e-commerce business of the Company. The Company has an initial
ownership in TSA.com of 19.9%, which will automatically increase, in increments,
up to 49.9% if certain performance criteria are met by either TSA.com or the

                                       6
<PAGE>

                           THE SPORTS AUTHORITY, INC.

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Company. In addition, the Company has an option to purchase additional shares of
TSA.com, up to 49.9%, in certain events.

NOTE 3:  RESTRUCTURING RESERVES

STORE CLOSINGS:

    In the third quarter of 1998, the Company recorded a pre-tax restructuring
charge of $39.4 million related to the closing of 17 underperforming stores. The
charge included reserves for remaining lease obligations and related costs,
fixed asset write-downs and disposal costs, employee severance payments and
other exit costs. The Company completed 15 store closings in the first quarter
of 1999, and paid approximately $0.4 million in severance to approximately 500
employees. The Company expects to complete the relocation of the remaining two
stores in 2000.

    In 1997, the Company recorded a $4.3 million restructuring charge related to
the closing of three stores and two off-site receiving facilities. The store
closings were due primarily to the expiration of leases in 1998 and openings of
new stores in close proximity to the closing locations. Operations of the two
receiving facilities were consolidated into the Company's regional distribution
center ("RDC") in the fourth quarter of 1997. The three stores were closed in
February 1998. Remaining reserves under the 1997 restructuring relate primarily
to the remaining lease obligation for one store.

    The following table sets forth the activity in the restructuring reserves
related to the 1998 and 1997 store closing plans.
<TABLE>
<CAPTION>
                                                                      26 WEEKS ENDED JULY 25, 1999
                                                     ------------------------------------------------------------
                                                       RESERVE AT                         ASSET        RESERVE AT
                                                       JANUARY 24,                      DISPOSALS       JULY 25,
(IN THOUSANDS)                                            1999           PAYMENTS         (NET)           1999
                                                     ------------     ------------    -----------    ------------
<S>                                                  <C>              <C>             <C>            <C>
Lease obligations and related costs                  $     32,419     $     (3,427)   $         -    $     28,992
Fixed assets                                                9,264                -         (7,280)          1,984
Employee severance                                            671             (487)             -             184
Other                                                         661             (647)             -              14
                                                     ------------     ------------    -----------    ------------

Total                                                $     43,015     $     (4,561)   $    (7,280)   $     31,174
                                                     ============     =============   =============  ============
</TABLE>

                                       7
<PAGE>
                           THE SPORTS AUTHORITY, INC.

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

CORPORATE RESTRUCTURING:

    Pursuant to a corporate restructuring in the third quarter of 1998, the
Company recorded $3.9 million in employment contract obligations to several
departing executives. The Company paid $0.4 million against the reserve in the
second quarter of 1999, leaving a remaining reserve of $0.4 million at July 25,
1999.

NOTE 4:  EARNINGS PER SHARE

     The Company calculates earnings per share in accordance with Statement of
Financial Accounting Standards No. 128 ("SFAS 128"), "Earnings Per Share"
("EPS"), which requires a dual presentation of basic and diluted EPS. A
reconciliation of the numerators and denominators of the basic and diluted EPS
computations is illustrated below:
<TABLE>
<CAPTION>
                                                                    13 WEEKS ENDED                   26 WEEKS ENDED
                                                           --------------------------------   -----------------------------
                                                              JULY 25,          JULY 26,         JULY 25,         JULY 26,
                                                                1999              1998             1999             1998
                                                           --------------    --------------   --------------    -----------
<S>                                                        <C>               <C>              <C>               <C>
BASIC EPS COMPUTATION

Net income                                                 $        2,265    $        3,827   $          795    $        81
                                                           --------------    --------------   --------------    -----------

Weighted average common shares                                     31,949            31,781           31,925         31,711
                                                           --------------    --------------   --------------    -----------

Earnings per common share                                  $          .07    $          .12   $          .02    $         -
                                                           ==============    ==============   ==============    ===========

DILUTED EPS COMPUTATION

Net income                                                 $         2,265   $        3,827   $          795    $        81
Plus Income impact of assumed conversion:
     Interest on convertible subordinated notes (a)                      -                -                -              -
                                                           ---------------   --------------   --------------    -----------
Income available to common shareholders
     + assumed conversions                                 $         2,265   $        3,827   $          795    $        81
                                                           ---------------   --------------   --------------    -----------

Weighted average common shares                                      31,949           31,781           31,925         31,711
Effect of stock options                                                 98              255              146            246
Shares from subordinated notes
     assuming conversion (a)                                             -                -                -              -
                                                           ---------------   --------------   --------------    -----------
     Total Shares                                                   32,047           32,036           32,071         31,957
                                                           ---------------   --------------   --------------    -----------

Earnings per common share-assuming dilution                $          .07    $          .12   $          .02    $         -
                                                           ==============    ==============   ==============    ===========
</TABLE>
------------
(a) The  calculation  of diluted EPS  excludes  interest  expense and  4,580,964
    potential shares related to the conversion  rights granted to holders of the
    Company's  5.25%  Convertible   Subordinated  Notes,  which  would  have  an
    antidilutive affect in all periods presented.

                                       8
<PAGE>
                           THE SPORTS AUTHORITY, INC.

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE 5:  COMPREHENSIVE INCOME

    In 1998 the Company adopted Statement of Financial Accounting Standards No.
130 ("SFAS 130"), "Reporting Comprehensive Income". Comprehensive income
represents the change in equity arising from non-owner sources, including net
income and other comprehensive income items such as foreign currency translation
adjustments and minimum pension liability adjustments. In the first quarter of
1999 the Company recognized $1.4 million in cumulative translation adjustments
in conjunction with the deconsolidation of Mega Sports. The Company's
comprehensive income was $2.1 million and $0.7 million for the 13 and 26 weeks
ended July 25, 1999, respectively, compared to $3.7 million and $0.4 million for
the same periods in the prior year.

NOTE 6:  REPLACEMENT OF REVOLVING CREDIT FACILITY

    On April 13, 1999, the Company signed a three year, $200 million revolving
credit agreement with BankBoston Retail Finance Inc. (the "BankBoston Credit
Facility") to replace the Company's existing $160 million Revolving Credit
Facility, which was to mature on April 26, 1999. The BankBoston Credit Facility
is secured by inventory and contains no financial covenants related to operating
results. Borrowings under the new facility bear interest at the election of the
Company at either the Base Rate or the Eurodollar Rate plus 1.75%, both as
defined in the credit agreement. The agreement limits borrowings to a borrowing
base determined largely with reference to eligible inventory balances.

NOTE 7:  SUBSEQUENT EVENTS

PURCHASE OF CONVERTIBLE NOTES

    In August 1999, the Company purchased on the open market $23.5 million in
principal amount of its 5.25% Convertible Subordinated Notes (the "Notes"), due
in September 2001, for a total purchase price of $14.0 million excluding accrued
interest. The Company issued a total of $149.5 million of Notes in September
1996. The Company's Board of Directors has authorized the purchase of additional
Notes from time to time. The BankBoston Credit Facility permits the Company to
spend up to $20 million in any calendar year to purchase its own securities.

                                       9
<PAGE>

                                   THE SPORTS AUTHORITY, INC.

                           NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

SALE-LEASEBACK TRANSACTION

    Early in the third quarter, the Company sold three of its owned store sites
to SPI Holdings, LLC ("SPI Holdings") for an aggregate sales price of $19.0
million. Further, the Company has agreed to sell six additional properties for
an aggregate sales price of $32.0 million, subject to the satisfaction of
certain conditions. The Company will continue to operate The Sports Authority
stores in these locations under long-term leases. The proceeds from the sale
will be used to pay down existing debt.

                                       10
<PAGE>

Item 2.

                           THE SPORTS AUTHORITY, INC.
         MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
                              RESULTS OF OPERATIONS

OVERVIEW

JAPANESE JOINT VENTURE OWNERSHIP REDUCTION
    In March 1999, the Company reduced its ownership interest in Mega Sports,
its Japanese joint venture. As a minority owner, the Company discontinued
consolidation of the accounts of Mega Sports beginning in fiscal 1999, and
recorded a $5.0 million gain on deconsolidation in the first quarter of 1999.
The decision to reduce its ownership in Mega Sports was based on the Company's
commitment to focus its resources on the profitability and growth of its core
North American operations. (See Note 2 of the Notes to Consolidated Financial
Statements).

E-COMMERCE JOINT VENTURE
    In May 1999, the Company and Global Sports Interactive, Inc. formed
TheSportsAuthority.com. This joint venture will operate the Company's e-commerce
business, and is anticipated to launch a Web site by the fourth quarter of 1999.
The site will offer online a wide selection of sporting goods, athletic footwear
and apparel currently available in The Sports Authority stores. Global Sports
will contribute the technological, organizational and working capital
requirements of the joint venture, as well as dedicated marketing funds to
promote online traffic. The Company will contribute its brand name and marketing
reach. (See Note 2 of the Notes to Consolidated Financial Statements).

STORE CLOSINGS
    In the third quarter of 1998, the Company recorded a pre-tax restructuring
charge of $39.4 million related to the closing of 17 underperforming stores. The
charge included reserves for remaining lease obligations and related costs,
fixed asset write-downs and disposal costs, employee severance payments and
other store exit costs. The Company completed 15 store closings in the first
quarter of 1999, and expects to complete the relocation of the remaining two
sites in 2000.

    In 1997, the Company recorded a $4.3 million restructuring charge related to
the closing of three stores and two off-site receiving facilities. The store
closings were due primarily to the expiration of leases in 1998 and openings of
new stores in close proximity to the closing locations. Operations of the two
receiving facilities were consolidated into the Company's RDC in the fourth
quarter of 1997.

     The Company paid $2.7 million in store exit costs in the second quarter of
1999, primarily related to lease obligations. The Company is actively pursuing
the sublease or assignment of these leases, and consummated the assignment of
one lease during the second quarter.

                                       11
<PAGE>
                           THE SPORTS AUTHORITY, INC.
         MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
                        RESULTS OF OPERATIONS - CONTINUED

RESULTS OF OPERATIONS

The following table sets forth the Company's income statement data as a percent
of sales for the periods indicated.
<TABLE>
<CAPTION>
                                                                 13 WEEKS ENDED                     26 WEEKS ENDED
                                                           -----------------------------      ----------------------------
                                                            JULY 25,          JULY 26,         JULY 25,          JULY 26,
                                                              1999              1998             1999              1998
                                                           -----------       -----------      ----------        ----------
<S>                                                              <C>               <C>             <C>               <C>
Sales                                                            100.0%            100.0%          100.0%            100.0%

Cost of merchandise sold, includes

     buying and occupancy costs                                   73.8              73.4            74.0              73.8
                                                           -----------       -----------      ----------        ----------
Gross margin                                                      26.2              26.6            26.0              26.2
License fees and rental income                                    (0.1)                -            (0.1)             (0.1)
Selling, general and administrative expenses                      24.1              23.9            25.4              25.1
Pre-opening expense                                                0.1               0.6             0.2               0.5
Goodwill amortization                                              0.1               0.1             0.1               0.1
Corporate restructuring                                              -                 -            (0.1)                -
                                                           -----------       -----------      ----------        ----------
     Operating income                                              2.0               2.0             0.5               0.6
Interest, net                                                      1.0               0.6             1.0               0.7
Gain on deconsolidation                                              -                 -            (0.7)                -
                                                           -----------       -----------      ----------        ----------
     Income (loss) before income taxes                             1.0               1.4             0.2              (0.1)
Income tax expense                                                 0.4               0.6             0.1                 -
Minority interest                                                    -              (0.1)              -              (0.1)
                                                           -----------       -----------      -----------       ----------
     Net income                                                    0.6%              0.9%            0.1 %               - %
                                                           ===========       ===========      ===========       ==========
</TABLE>

The following table sets forth the Company's store openings and closings for the
periods indicated.
<TABLE>
<CAPTION>
                                                                 13 WEEKS ENDED                     26 WEEKS ENDED
                                                           -----------------------------      ----------------------------
                                                            JULY 25,          JULY 26,         JULY 25,          JULY 26,
                                                              1999              1998             1999              1998
                                                           -----------       -----------      ------------      ----------
<S>                                                                <C>               <C>              <C>              <C>
Beginning number of stores                                         200               201              226              199
Openings                                                             -                 5                2               10
Closings                                                             -                 -              (15)              (3)
Deconsolidation of joint venture                                     -                 -              (13)               -
                                                           -----------       -----------      ------------      ----------
Ending number of stores                                            200               206              200              206
                                                           ===========       ===========      ===========       ==========

</TABLE>

                                       12


<PAGE>
                           THE SPORTS AUTHORITY, INC.
         MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
                        RESULTS OF OPERATIONS - CONTINUED

13 WEEKS ENDED JULY 25, 1999 AND JULY 26, 1998

    Sales for the 13 weeks ended July 25, 1999 were $385.5 million, a $41.7
million, or 9.8%, decrease from sales of $427.2 million for the same period in
the prior year. Sales in the prior period include $18.8 million from Mega
Sports, the Company's Japanese joint venture. The Company discontinued
consolidation of Mega Sports in 1999 due to a reduction of its ownership
interest in the joint venture. Additionally, the Company closed 15 stores in the
first quarter of 1999 pursuant to its announced restructuring plans. The prior
period includes sales of $21.2 million from the closed stores.

    Excluding the impact of the deconsolidation of Mega Sports and the store
closings, sales decreased $1.7 million, or 0.4%. The decrease resulted from a
decrease in comparable store sales from continuing operations of $31.2 million,
or 8.1%, offset by an increase in sales of $29.5 million, or 7.7%, from stores
opening in 1998 and 1999 which had no comparable sales in the prior period. The
decrease in comparable store sales reflected continued weakness in the key
categories of footwear and golf, which have trended negatively since 1997 and
1998, respectively. Additionally, sales of men's apparel were extremely soft
during the current period. The Company is aggressively pursuing initiatives to
address these trends, including revamping its pricing and buying strategies to
deliver a merchandise assortment that is both price competitive and responsive
to the latest buying trends. The Company is also focused on improved
merchandising and marketing of its kids' categories, which performed well in the
second quarter.

    License fees and rental income was $0.3 million, or 0.1% of sales, for the
13 weeks ended July 25, 1999, as compared to $29,000, or less than 0.1% of
sales, for the same period in the prior year. In 1999, license fees included
$0.3 million in royalty fee income under a license agreement between the Company
and Mega Sports. (See Note 2 of the Notes to Consolidated Financial Statements).
Prior to 1999, intercompany royalty fees were eliminated due to consolidation of
Mega Sports in the Company's results of operations. Additionally, the Company
has a license arrangement for the sale of diving merchandise in three stores.
Sales of licensee merchandise are excluded from the Company's total sales.

    Cost of merchandise sold, including buying and occupancy, was $284.4
million, or 73.8% of sales, for the thirteen weeks ended July 25, 1999, as
compared to $313.6 million, or 73.4% of sales, for the same period in the prior
year. As a percent of sales, gross margin was 26.2% for the current quarter
compared to 26.6% for the comparable period in the prior year. The 0.4% decrease
in gross margin resulted primarily from the negative leveraging of occupancy
costs. Occupancy costs, which are fixed in nature, increased as a percent of
sales due to lower dales volumes in the second quarter of 1999, versus the same
period in the prior year.

                                       13
<PAGE>
                           THE SPORTS AUTHORITY, INC.
         MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
                        RESULTS OF OPERATIONS - CONTINUED

    Selling, general and administrative ("SG&A") expenses for the 13 weeks ended
July 25, 1999 were $93.0 million, or 24.1% of sales, as compared to $102.0
million, or 23.9% of sales, for the same period in the prior year. The 0.2% of
sales increase resulted primarily from an increase in advertising expenditures
to generate store traffic.

    Pre-opening expense for the 13 weeks ended July 25, 1999 was $0.2 million,
or 0.1% of sales, as compared to $2.5 million, or 0.6% of sales, for the same
period in the prior year. The decrease in expense reflected the reduction in
store openings, from five in the prior period to none in the current period.
Expense in the current period related to one store, which opened in August 1999.
Pre-opening expense consists principally of store payroll expense for associate
training and store preparation prior to opening, as well as grand-opening
advertising expenditures.

    Interest, net for the 13 weeks ended July 25, 1999 was $4.0 million, or 1.0%
of sales, as compared to $2.6 million, or 0.6% of sales, for the same period in
the prior year. The increase of $1.4 million was primarily attributable to an
increase in short-term borrowings under the Company's revolving credit
facilities.

    Income tax expense was $1.5 million, with an effective tax rate of 39.7%,
for the 13 weeks ended July 25, 1999, as compared to $2.7 million, with an
effective tax rate of 40.9% (excluding the minority interest), for the same
period in the prior year. The decrease in the effective tax rate in the current
period resulted from the increased impact of the Canadian subsidiary's pretax
loss relative to consolidated pretax income, as well as the effect of
deconsolidating the Japanese joint venture in 1999.

    As a result of the foregoing factors, net income for the 13 weeks ended July
25, 1999 was $2.3 million, or 0.6% of sales, as compared to $3.8 million, or
0.9% of sales, for the same period in the prior year.

26 WEEKS ENDED JULY 25, 1999 AND JULY 26, 1998

    Sales for the 26 weeks ended July 25, 1999 were $742.1 million, a $31.6
million, or 4.1%, decrease from sales of $773.7 million for the same period in
the prior year. Excluding the impact of the deconsolidation of Mega Sports and
the 15 store closing in the first quarter of 1999, sales increased $32.7
million, or 4.7%. Of the 4.7% increase, 8.5%, or $59.5 million, was due to the
inclusion of sales for the stores opened in 1998 and 1999 which had no
comparable store sales in the prior year, offset by a decline in comparable
store sales from continuing operations of 3.8%, or $26.8 million. The comparable
store sales decrease in the first half of 1999 was primarily the result of
disappointing sales in footwear, men's apparel and golf.

                                       14
<PAGE>
                           THE SPORTS AUTHORITY, INC.
         MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
                        RESULTS OF OPERATIONS - CONTINUED

    License fees and rental income was $0.8 million for the 26 weeks ended July
25, 1999 and July 26, 1998. In 1999, license fees consisted primarily of royalty
fee income earned under the Company's license agreement with Mega Sports. In
1998, license fees were earned primarily under a license agreement covering the
sale of winter sports merchandise in the Company's North American stores, which
was terminated in August 1998.

    Cost of merchandise sold, including buying and occupancy costs, was $549.4
million, or 74.0% of sales, for the 26 weeks ended July 25, 1999, as compared to
$570.8 million, or 73.8% of sales, for the same period in the prior year. The
0.2% of sales increase resulted primarily from the negative leveraging of
occupancy costs as a result of the shortfall in sales in the current period.

    SG&A expenses for the 26 weeks ended July 25, 1999 were $188.2 million, or
25.4% of sales, as compared to $194.0 million, or 25.1% of sales, for the same
period in the prior year. The 0.3% of sales increase resulted from an increase
in advertising expenditures in the current period to promote traffic into the
stores.

    Pre-opening expense for the 26 weeks ended July 25, 1999 was $1.2 million,
or 0.2% of sales, as compared to $4.3 million, or 0.5% of sales, for the same
period in the prior year. The decrease in pre-opening expense reflected the
decrease in new store openings, from ten stores in the 1998 period to two stores
in the current period. Pre-opening expense in the 1999 period also included
costs related to one store, which opened in August 1999.

    Corporate restructuring was ($0.7) million, or (0.1%) of sales, for the 26
weeks ended July 25, 1999. During the third quarter of 1998, the Company
recorded $3.9 million in employment contract obligations to several departing
executives. In the first quarter of 1999, the Company negotiated the settlement
of one contract and reduced the corporate restructuring reserve by $0.7 million.

    Interest, net for the 26 weeks ended July 25, 1999 was $7.6 million, or 1.0%
of sales, as compared to $5.3 million, or 0.7% of sales, for the same period in
the prior year. The increase of $2.3 million was primarily attributable to an
increase in short-term borrowings under the Company's revolving credit
facilities.

    In the first quarter of 1999, the Company recorded a gain on deconsolidation
of its Japanese joint venture of $5.0 million, or 0.7% of sales. See Note 2 of
the Notes to Consolidated Financial Statements.


                                       15
<PAGE>
                           THE SPORTS AUTHORITY, INC.
         MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
                        RESULTS OF OPERATIONS - CONTINUED

    Income tax expense for the 26 weeks ended July 25, 1999 was $0.4 million, as
compared to $29,000 in the same period of the prior year. The increase in income
tax expense resulted from the increase in pretax income of $1.2 million,
excluding minority interest, in the 1999 period as compared to the 1998 period.

    As a result of the foregoing factors, net income for the 26 weeks ended July
25, 1999 was $0.8 million, or 0.1% of sales, as compared to $81,000, or less
than 0.1% of sales, for the same period in the prior year.

LIQUIDITY AND CAPITAL RESOURCES

    The Company's principal capital requirements are to fund working capital, to
refurbish older, existing stores, and to open new stores in connection with its
expansion strategy. For the 26 weeks ended July 25, 1999 these capital
requirements were generally satisfied by short-term borrowings under the
Company's revolving credit facilities.

    Cash flows generated by operating, investing and financing activities as
reported in the Consolidated Statements of Cash Flows for the 26 weeks ended
July 25, 1999 and July 26, 1998 are summarized below. Net cash and cash
equivalents decreased $4.4 million for the 26 weeks ended July 25, 1999, as
compared to an increase of $17.3 million for the same period in the prior year.

    Net cash used for operations was $55.8 million for the 26 weeks ended July
25, 1999, as compared to $20.4 million for the same period in the prior year.
Inventory net of accounts payable increased $46.6 million due to a seasonal
increase in inventory levels and a decrease in the percentage of inventory
financed by accounts payable. Accrued payroll and other liabilities decreased
$28.0 million primarily due to payment of seasonally high year-end accruals and
payment of $4.6 million in store exit costs. These uses of cash were partially
offset by income of $19.4 million before gain on deconsolidation, depreciation
and amortization and income taxes.

    Net cash used for investing was $18.2 million for the 26 weeks ended July
25, 1999, as compared to $28.6 million for the same period in the prior year.
Capital expenditures in the first 26 weeks of 1999 totaled $15.1 million, and
included $6.3 million for hardware and software upgrades, $3.3 million for
refurbishment of existing stores, and $3.1 million for three store openings (one
of which opened in August 1999). The remaining capital expenditures of $2.4
million were used for improvements at the RDC and corporate office. The
deconsolidation of Mega Sports resulted in a decrease in cash and cash
equivalents of $4.2 million, partially offset by proceeds of $1.1 million from
the ownership restructuring.

                                       16
<PAGE>
                           THE SPORTS AUTHORITY, INC.
         MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
                        RESULTS OF OPERATIONS - CONTINUED

    Net cash provided by financing for the 26 weeks ended July 25, 1999 was
$69.6 million, as compared to $66.3 million for the same period in the prior
year. The increase for the 1999 period was due mainly to short-term borrowings
under the Company's revolving credit facilities, offset by $1.2 million in debt
issuance costs related to the BankBoston Credit Facility.

    The Company's working capital at July 25, 1999 was $63.5 million, as
compared to $101.6 million at July 26, 1998, a decrease of $38.1 million. The
decrease resulted primarily from an increase in short-term borrowings under the
Company's revolving credit facilities of $62.2 million year over year, offset by
the favorable impact of deconsolidating Mega Sports, which had negative working
capital at July 26, 1998 of $17.6 million.

    The Company has substantially cut back its expansion program and plans to
open only three stores in 1999. Two of the planned openings were completed in
the first quarter of 1999, and the third opened in August 1999. All three stores
were financed with operating leases. Due to the reduction in store openings,
1999 capital expenditures are projected to be significantly lower than in prior
years. The Company estimates full year capital expenditures will approximate
$32.6 million, as compared to $84.6 million in 1998.

    Early in the third quarter, the Company sold three of its owned store sites
to SPI Holdings, LLC ("SPI Holdings") for an aggregate sales price of $19.0
million. Further, the Company has agreed to sell six additional properties for
an aggregate sales price of $32.0 million, subject to the satisfaction of
certain conditions. The Company will continue to operate The Sports Authority
stores in these locations under long-term leases. The proceeds from the sale
will be used to pay down existing debt.

    In August 1999, the Company purchased on the open market $23.5 million in
principal amount of its 5.25% Convertible Subordinated Notes (the "Notes"), due
in September 2001, for a total purchase price of $14.0 million excluding accrued
interest. The Company issued a total of $149.5 million of Notes in September
1996. The Company's Board of Directors has authorized the purchase of additional
Notes from time to time. The BankBoston Credit Facility permits the Company to
spend up to $20 million in any calendar year to purchase its own securities.

    The Company believes that anticipated cash flows from operations, borrowings
under the BankBoston Credit Facility and proceeds from the sale-leaseback of
owned store sites will be sufficient to fund working capital and finance capital
expenditures through the next 12 months.

                                       17
<PAGE>
                           THE SPORTS AUTHORITY, INC.
         MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
                        RESULTS OF OPERATIONS - CONTINUED

SEASONALITY AND INFLATION

    The Company's business is highly seasonal, with its highest sales and
operating profitability occurring in the fourth quarter, which includes the
holiday selling season. In fiscal 1998, 28.7% of the Company's sales occurred in
the fourth quarter. In the future, changes in the number and timing of store
openings and consumer buying habits, particularly in the holiday selling season,
may change seasonality trends.

    Management does not believe inflation had a material effect on the financial
statements for the periods presented.

YEAR 2000

    Many information and business systems utilize programming code in which
calendar years are abbreviated as two digits. The Year 2000 issue relates to the
potential for systems to interpret the year 2000 as the year 1900, causing
system failure or unreliability.

    The Company began its Year 2000 compliance project in 1997. Analysis of
internal compliance consists of the following phases: assessment of information
and non-information systems; remediation; testing; implementation; and,
contingency planning. The Company is also determining compliance of key vendors
and suppliers, and will incorporate alternate sources of goods and services, as
necessary, in its contingency plan.

             The assessment of internal information systems is 100% complete.
The assessment indicated areas of non-compliance primarily in the Company's
inventory management system and certain retail applications. Remediation is 100%
complete. Remediation efforts consist principally of software programming
modifications and, to a lesser extent, hardware replacement. The Company
utilized a team of outside consultants and programmers for programming
modifications and testing. Testing is 100% complete. Implementation of
programming modifications is 90% complete, and is expected to be completed by
the end of the third quarter of 1999. Contingency planning is 85% complete, and
will be completed by the fourth quarter of 1999.

    The Company expensed as incurred approximately $0.2 million in Year 2000
compliance costs in the second quarter of 1999, and $2.7 million to date. These
costs relate primarily to outside consulting and programming fees, and exclude
the cost of internal staff hours dedicated to the project. The Company expects
to incur an additional $0.2 million in project costs through project completion.
Total project costs are not anticipated to have a material adverse affect on the
Company's results of operations.

                                       18
<PAGE>
                           THE SPORTS AUTHORITY, INC.
         MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
                        RESULTS OF OPERATIONS - CONTINUED

    The Company has completed its assessment of non-information technology such
as signage, time clocks, office equipment and alarm systems and has determined
these systems to be materially compliant. Such determinations were made from
written and verbal communication with vendors as well as internal review and
testing.

    The Company has sent surveys to all key vendors and suppliers to determine
Year 2000 compliance. The Company has received responses from 90% of vendors
surveyed, of which 100% have indicated that they are or will be compliant by the
end of 1999. The Company is continuing to evaluate the scope of contingency and
disaster recovery plans to establish alternate sources of merchandise, supplies
and services.

    Management believes that conversion of internal business and operating
systems will be completed in a timely manner; however, failure to do so could
have a material impact on the Company's operations. Additionally, there can be
no assurances that the Company's key suppliers or vendors will complete their
conversions in a timely manner. In the event this issue prevents third parties
from timely delivery of inventory or services required by the Company, the
Company's results of operations could be materially adversely affected.

FORWARD LOOKING STATEMENTS

    Certain statements under the heading "Management's Discussion and Analysis"
and elsewhere in this Form 10-Q constitute "forward looking statements" made in
reliance on the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. As such, they involve risks and uncertainties that could
cause actual results to differ materially from those set forth in such forward
looking statements. The Company's forward looking statements are based on
assumptions about, or include statements concerning, many important factors,
including without limitation changes in discretionary consumer spending and
consumer preferences, particularly as they relate to sporting goods, athletic
footwear and apparel; seasonal patterns in consumer spending and, in particular,
the level of consumer spending during the fourth quarter; the Company's ability
to effectively implement its strategies, including its merchandising,
distribution, marketing and store expansion and refurbishment strategies;
competitive trends and consolidation within the sporting goods retailing
industry; the growing impact of electronic commerce; and the effect of economic
changes in other countries in which the Company does business. While the Company
believes that its assumptions are reasonable, it cautions that it is impossible
to predict the impact of certain factors which could cause actual results to
differ materially from expected results.

                                       19
<PAGE>
                           THE SPORTS AUTHORITY, INC.

Part II.      OTHER INFORMATION

              Item 1.  Legal Proceedings

         The Company is a co-defendant in two suits related to the sale of
firearms, as disclosed in the Company's Form 10-Q for the quarterly period ended
April 25, 1999.

              Item 4.     Submission of Matters to a Vote of Security Holders

         At the Annual Meeting of Stockholders held on May 27, 1999, the
stockholders of the Company (i) elected one Class I Director and three Class II
Directors, (ii) approved the Amended and Restated 1994 Stock Option Plan, (iii)
approved the Performance Unit Plan, and (iv) ratified the appointment of Ernst &
Young LLP as independent accountants for the Company for the fiscal year ending
January 23, 1999. The results of these votes were as follows:

              (i)
<TABLE>
<CAPTION>
                                                                                                BROKER
                                  DIRECTOR NOMINEES               FOR          WITHHELD        NON-VOTES
                                  -----------------               ---          --------        ---------
                                       CLASS I

                           <S>                                  <C>               <C>                <C>
                           Charles H. Moore                     28,068,731        583,205            0

                                       CLASS II
                           Nicholas A. Buoniconti               28,030,540        621,396            0
                           Cynthia R. Cohen                     28,038,800        613,136            0
                           Steve Dougherty                      28,034,837        617,099            0
</TABLE>


              Other Directors whose term of office continued after the meeting
are as follows:

<TABLE>
              <S>            <C>
              Class I        Julius W. Erving
                             Martin E. Hanaka

              Class III      A. David Brown
                             Carol Farmer
                             Jack F. Kemp
</TABLE>

                                       20
<PAGE>
                           THE SPORTS AUTHORITY, INC.
<TABLE>
<CAPTION>
                                                                                                                BROKER
                                                                  FOR           AGAINST        ABSTAIN         NON-VOTES
                                                                  ---           -------        -------         ---------
               <S>                                              <C>               <C>             <C>           <C>
               (ii)     Amended and Restated 1994 Stock
                        Option Plan                             27,721,608        557,525         72,293          300,510
<CAPTION>
                                                                                                                BROKER
                                                                  FOR           AGAINST        ABSTAIN         NON-VOTES
                                                                  ---           -------        --------        ---------
               (iii)    Performance Unit Plan                   15,285,726        546,119         78,269        12,741,822
<CAPTION>

                                                                                                               BROKER
                                                                  FOR           AGAINST        ABSTAIN         NON-VOTES
                                                                  ---           -------        --------        ---------
               (iv)     Ratification of Accountants             27,490,327        128,485         50,244           982,880
</TABLE>

                                       21
<PAGE>
                           THE SPORTS AUTHORITY, INC.

Part II.      OTHER INFORMATION

              Item 6.     Exhibits and Reports on Form 8-K

                          (a)  Exhibits:

                               See Index to Exhibits on Page 24

                          (b) Reports on Form 8-K:

                           A Form 8-K, which contained information under Item 5,
               was filed on July 14, 1999

                                       22
<PAGE>

                           THE SPORTS AUTHORITY, INC.

                                   SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.

                                        THE SPORTS AUTHORITY, INC.

Date:  September 8, 1999                By: /S/ ANTHONY F. CRUDELE
                                            --------------------------------
                                                Anthony F. Crudele
                                                Senior Vice President and
                                                Chief Financial Officer
                                                (Principal Financial Officer)

                                       23
<PAGE>

                                INDEX TO EXHIBITS

                                                                     SEQUENTIAL
EXHIBITS                                                             PAGE NUMBER
--------                                                             -----------
  10.1    Termination Agreement, dated July 14, 1999, between the
          Company and William Cappiello.

  10.2    Agreement for Purchase and Sale and Leaseback, dated
          May 14, 1999, between the Company and SPI Holdings, LLC

  10.3    Letter Agreement, dated June 14, 1999, between the Company
          and SPI Holdings, LLC, including form of Lease Agreement
          attached thereto.

  10.4    Second Amendment to Agreement for Purchase and Sale and
          Leaseback, dated May 14, 1999, dated as of July 29, 1999.

  10.5    Third Amendment to Agreement for Purchase and Sale and
          Leaseback, dated May 14, 1999, dated as of August 31, 1999.

  27.1    Financial Data Schedule

                                       24