EXHIBIT 10.23

INDEMNIFICATION AGREEMENT

INDEMNIFICATION AGREEMENT (this "Agreement"), dated as of February , 2003, between Gart Sports Company,
a Delaware corporation (the "Company") and  ("Indemnitee").

WHEREAS,
Indemnitee is [a director][an executive officer] of the Company;

WHEREAS,
the Bylaws of the Company provide certain indemnification rights to the [directors][executive officers] of the Company, and its
[directors][executive officers] have been otherwise assured indemnification, as provided by Delaware law;

WHEREAS,
in recognition of Indemnitee's need for substantial protection against personal liability in order to enhance Indemnitee's continued service to the Company in an effective
manner and Indemnitee's reliance on past assurances of indemnification, the Company wishes to provide in this Agreement for the indemnification of and the advancing of expenses (whether partial or
complete) to Indemnitee to the fullest extent permitted by law and as set forth in this Agreement, and, to the extent insurance is maintained, for the continued coverage of Indemnitee under the
Company's directors' and officers' liability insurance policies;

NOW,
THEREFORE, in consideration of the premises, the mutual covenants and agreements contained herein and Indemnitee's continuing to serve as [a
director][an executive officer] of the Company, the parties hereto agree as follows:

1.Agreement to Serve.Indemnitee hereby agrees to serve as [a member of the Board of Directors of
the Company (the "Board")][an executive officer of the Company] for so long as Indemnitee is duly elected or appointed. Indemnitee may, however, resign from such
position at any time and for any reason by delivering [his] [her] resignation pursuant to the Amended and Restated Bylaws of the Company. The Company's
obligation to indemnify Indemnitee as set forth in this Agreement shall continue in full force and effect notwithstanding any such termination of appointment, resignation or dissolution.

2.Indemnity.The Company hereby agrees to hold harmless and indemnify Indemnitee with respect to
[his] [her] Corporate Status (as hereinafter defined) to the full extent authorized or permitted by the Delaware General Corporation Law
("DGCL"), as such may be amended from time to time, and Article VIII of the Amended and Restated Certification of Incorporation of the Company, as such may be further amended
from time to time. In furtherance of the foregoing, and without limiting the generality thereof:



1

---



3.Additional Indemnity.In addition to, and without regard to any limitations on, the indemnification provided
for in Section 2, the Company shall and hereby does indemnify and hold harmless Indemnitee against all Expenses, judgments, penalties, fines and amounts paid in settlement actually and
reasonably incurred by [him] [her] or on [his] [her] behalf if, by reason of
[his] [her] Corporate Status [he] [she] is, or is threatened to be made, a party to or participant in
any Proceeding (including a Proceeding by or in the right of the Company). The only limitation that shall exist upon the Company's obligations pursuant to this Agreement shall be that the Company
shall not be obligated to make any payment to Indemnitee that is finally determined (under the procedures, and subject to the presumptions, set forth in Sections 7 and 8 hereof) to be unlawful under
Delaware law.

4.Contribution in the Event of Joint Liability.(a) Whether or not the indemnification provided in
Sections 2 and 3 hereof is available, in respect of any threatened, pending or completed action, suit or proceeding in which the Company is jointly liable with Indemnitee (or would be jointly liable
if joined in such action, suit or proceeding), the Company shall pay, in the first instance, the entire amount of any judgment or settlement of such action, suit or proceeding without requiring
Indemnitee to contribute to such payment, and the Company hereby waives and relinquishes any right of contribution it may have against Indemnitee. The Company shall not enter into any settlement of
any action, suit or proceeding in which the Company is jointly liable with Indemnitee (or would be jointly liable if joined in such action, suit or proceeding) unless such settlement provides for a
full and final release of all claims asserted against Indemnitee.



2

---



5.Indemnification for Expenses of a Witness.Notwithstanding any other provision of this Agreement, to the
extent that Indemnitee is, by reason of [his] [her] Corporate Status, a witness in any Proceeding to which Indemnitee is not a party,
[he] [she] shall be indemnified against all Expenses actually and reasonable incurred by [him] [her] or
on [his] [her] behalf in connection therewith.

6.Advancement of Expenses.Notwithstanding any other provision of this Agreement, the Company shall advance all
reasonable Expenses incurred by or on behalf of Indemnitee in connection with any Proceeding by reason of Indemnitee's Corporate Status within ten days after the receipt by the Company of a statement
or statements from Indemnitee requesting such advance or advances from time to time, whether prior to or after final disposition of such Proceeding. Such statement or statements shall reasonably
evidence the Expenses incurred by Indemnitee and shall include or be preceded or accompanied by an undertaking by or on behalf of Indemnitee to repay any Expenses advanced if it shall ultimately be
determined that Indemnitee is not entitled to be indemnified against such Expenses. Any advances and undertakings to repay pursuant to this Section 6 shall be unsecured and interest free.
Notwithstanding the foregoing, the obligation of the Company to advance Expenses pursuant to this Section 6 shall be subject to the condition that, if, when and to the extent that the Company
determines that Indemnitee would not be permitted to be indemnified under applicable law, the Company shall be entitled to be reimbursed, within 30 days of such determination, by
[him] [her] for all such amounts theretofore paid;provided, however, that if Indemnitee has commenced
or thereafter commences legal proceedings in a court of competent jurisdiction to secure a determination that [he] [she] should be indemnified under
applicable law, any determination made by the Company that Indemnitee would not be permitted to be indemnified under applicable law shall not be binding and Indemnitee shall not be required to
reimburse the Company for any advance of Expenses until a final judicial determination is made with respect thereto (as to which all rights of appeal therefrom have been exhausted or lapsed).

7.Procedures and Presumptions for Determination of Entitlement to Indemnification.It is the intent of this
Agreement to secure for Indemnitee rights of indemnity that are as favorable as may be permitted under the law and public policy of the State of Delaware. Accordingly, the parties agree that

3

---

the following procedures and presumptions shall apply in the event of any question as to whether Indemnitee is entitled to indemnification under this Agreement:



4

---



5

---



8.Remedies.



9.Non-Exclusivity; Survival of Rights; Insurance; Subrogation.



6

---



10.Exception to Right of Indemnification.Notwithstanding any other provision of this Agreement, Indemnitee
shall not be entitled to indemnification under this Agreement with respect to any Proceeding brought by [him] [her], or any claim therein, unless
(a) the bringing of such Proceeding or making of such claim shall have been approved by the Board or (b) such Proceeding is being brought by Indemnitee to assert
[his] [her] rights under this Agreement.

11.Duration of Agreement.All agreements and obligations of the Company contained herein shall continue during
the period Indemnitee is serving as [an executive officer] [a director] of the Company (or is or was serving at the request of the Company as an
officer, director, employee or agent of another corporation, partnership, joint venture, trust or other enterprise) and shall continue thereafter so long as Indemnitee shall be subject to any
Proceeding (or any proceeding commenced under Section 7 hereof) by reason of [his] [her] Corporate Status, whether or not
[he] [she] is acting or serving in any such capacity at the time any liability or expense is incurred for which indemnification can be provided under
this Agreement. This Agreement shall be binding upon and inure to the benefit of and be enforceable by the parties hereto and their respective successors (including any direct or indirect successor by
purchase, merger, consolidation or otherwise to all or substantially all of the business or assets of the Company), assigns, spouses, heirs, executors and personal and legal representatives. This
Agreement shall continue in effect regardless of whether Indemnitee continues to serve as [an executive officer][a director] of the Company or any other
Enterprise at the Company's request.

12.Security.To the extent requested by Indemnitee and approved by the Board, the Company may at any time and
from time to time provide security to Indemnitee for the Company's obligations hereunder through an irrevocable bank line of credit, funded trust or other collateral. Any such security, once provided
to Indemnitee, may not be revoked or released without the prior written consent of Indemnitee.

13.Enforcement.



7

---



14.Definitions.For purposes of this Agreement:



8

---



15.Severability.If any provision or provisions of this Agreement shall be held by a court of competent
jurisdiction to be invalid, void, illegal or otherwise unenforceable for any reason whatsoever: (a) the validity, legality and enforceability of the remaining provisions of this Agreement
(including without limitation, each portion of any section of this Agreement containing any such provision held to be invalid, illegal or unenforceable, that is not itself invalid, illegal or
unenforceable) shall not in any way be affected or impaired thereby and shall remain enforceable to the fullest extent permitted by law; and (b) to the fullest extent possible, the provisions
of this Agreement (including, without limitation, each portion of any section of this Agreement containing any such provision held to be invalid, illegal or unenforceable, that is not itself invalid,
illegal or unenforceable) shall be construed so as to give effect to the intent manifested thereby.

16.Modification and Waiver.No supplement, modification, termination or amendment of this Agreement shall be
binding unless executed in writing by the parties hereto. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other provisions hereof (whether or
not similar), nor shall such waiver constitute a continuing waiver.

17.Notice by Indemnitees.Indemnitee agrees promptly to notify the Company in writing upon being served with
any summons, citation, subpoena, complaint, indictment, information or other document relating to any Proceeding or matter which may be subject to indemnification covered hereunder. The failure to so
notify the Company shall not relieve the Company of any obligation which it may have to Indemnitee under this Agreement or otherwise.

18.Period of Limitations.No legal action shall be brought and no cause of action shall be asserted by or on
behalf of the Company or any affiliate of the Company against Indemnitee, Indemnitee's spouse, heirs, assigns or personal or legal representatives after the expiration two years from the date or
accrual of such cause of action, and to the fullest extent permitted by applicable law, any claim or cause of action of the Company or its affiliate shall be extinguished and deemed released unless
asserted by the timely filing of a legal action within such two year period;provided, however, that if any shorter period of limitations is otherwise
applicable to any such cause of action, such shorter period shall govern unless a longer period is required by applicable law.

19.Notices.All notices, requests, demands and other communications hereunder shall be in writing and shall be
deemed to have been duly given if (i) delivered by and receipted for by the party to whom said notice or other communication shall have been directed, (ii) sent by nationally recognized
overnight courier or (iii) mailed by certified or registered mail with postage prepaid, on the third business day after the date on which it is so mailed:

| | (a) |  | If to Indemnitee, to: |  | 
| | --- |  | --------------------- |  | 
| |     |  |                       |  | 
| |     |  |                       |  | 
| |     |  |                       |  | 
| |     |  |                       |  | 
| |     |  |                       |  | 
| |     |  | with a copy to:       |  | 
| |     |  |                       |  | 
| |     |  |                       |  | 

9

---

| |     |  |                                                                        |  | 
| | --- |  | ---------------------------------------------------------------------- |  | 
| |     |  |                                                                        |  | 
| |     |  |                                                                        |  | 
| |     |  |                                                                        |  | 
| | (b) |  | If to the Company, to:                                                 |  | 
| |     |  | Gart Sports Company
1050 West Hampden Avenue
Englewood, Colorado 80110 |  | 
| |     |  | Attn:                                                                  |  | 
| |     |  | with a copy to:                                                        |  | 
| |     |  |                                                                        |  | 
| |     |  |                                                                        |  | 
| |     |  |                                                                        |  | 
| |     |  |                                                                        |  | 
| |     |  |                                                                        |  | 

or
to such other address as may have been furnished to Indemnitees by the Company or to the Company by Indemnitee, as the case may be.

20.Identical Counterparts.This Agreement may be executed in one or more counterparts, each of which shall for
all purposes be deemed to be an original but all of which together shall constitute one and the
same Agreement. Only one such counterpart signed by the party against whom enforceability is sought needs to be produced to evidence the existence of this Agreement.

21.Headings.The headings of the paragraphs of this Agreement are inserted for convenience only and shall not
be deemed to constitute part of this Agreement or to affect the construction thereof.

22.Governing Law.The parties agree that this Agreement shall be governed by, and construed and enforced in
accordance with, the laws of the State of Delaware, without application of the conflict of laws principles thereof.

10

---

IN
WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year first above written.

| |  | GART SPORTS COMPANY                                
| |  | ---------------------------------------------------
| |  | By                                                 
| |  | [                                         
       ]

11

---

QuickLinks