Document:

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                                                                    EXHIBIT 10.1

CAPITOL CITY ESCROW, INC.
3838 WATT AVENUE, SUITE F-610
SACRAMENTO, CA 95821

ATTN:  DONNA M. GRADY, CSEO/PRESIDENT

                 YOSEMITE MORTGAGE FUND II, LLC-ESCROW AGREEMENT

Dear Ms. Grady:

Introduction

MFP Management LLC, a California limited liability company, is the manager
(Manager) of Yosemite Mortgage Fund II, LLC, a California limited liability
company (the Company), the issuer and registrant for an offering of units of
limited liability company interest of the Company (Units), under a Registration
Statement on Form SB-2, filed with the Securities and Exchange Commission on or
about August 19, 2002. The Units will be offered and sold by Rice Pontes
Capital, Inc. (Selling Agent), a California corporation and member firm of the
National Association of Securities Dealers, Inc., and by the Company.

The terms of the offering require that the payments of the purchase price of the
first 500,000 Units sold in the offering ($5,000,000) be placed in an escrow
account, and this Escrow Agreement (Agreement) sets forth the terms and
conditions under which Capitol City Escrow, Inc. (Escrow Agent or you) will hold
such funds (the Required Proceeds) as the Escrow Agent hereby appointed by the
Company and the Selling Agent for the offering to hold and distribute the
Required Proceeds.

TERMS AND CONDITIONS

1. Persons subscribing to purchase the Units will be required by the
Subscription Agreement with the Company and will be instructed by the Selling
Agent or the Company, as appropriate, to remit the purchase price to Selling
Agent for transmission to the Escrow Agent in the form of checks, drafts or
money orders (herein called Instruments of Payment), payable to the order of, or
funds wired in favor of, Escrow Agent until such time as the 500,000 Units have
been sold and the $5,000,000 received. Within one business day after receipt of
Instruments of Payment from the offering, the Selling Agent or the Company will
send to Escrow Agent: (a) a copy of each subscriber's completed Subscription
Agreement, and (b) the Instruments of Payment from such subscribers for deposit
into the deposit account entitled "Capitol City Escrow, Inc. as Escrow Agent for
Yosemite Mortgage Fund II, LLC", which deposit will occur within one business
day after Escrow Agent receives such materials. The credit to the account will
be handled according to Escrow Agent's normal deposit procedures and policies.

2. The aforesaid Instruments of Payment are to be promptly processed for
collection by Escrow Agent following deposit by the Manager for the Company into
the Escrow Account. The proceeds thereof are to be held in the Escrow Account
until such funds are either returned to the subscribers in accordance with
section 3 hereof or otherwise disbursed in accordance with section 6 hereof. In
the event any of the Instruments of Payment are returned to Escrow Agent for
non-payment prior to receipt of the Required Proceeds, Escrow Agent shall
promptly notify the Manager in writing of such non-payment, and is authorized to
debit the Escrow Account in the amount of such return payment.

3. In the event that at the close of Escrow Agent's business on _____________,
2003 (the Expiration Date) Escrow Agent is not in receipt of copies of
Subscription Agreements and Instruments of Payment dated not later than that
date (or actual wired funds), for the purchase of Units providing for total
purchase proceeds that equal or exceed the Required Proceeds (exclusive of any
funds received from subscriptions for Units from entities which we have notified
Escrow Agent are affiliated with the Company or Manager and their affiliates) or
in the event that Instruments of Payment are returned to the Escrow Agent for
non-payment and the subtraction, to the account pursuant to section 2 above
reduces the amount in the account to less than the Required Proceeds, Escrow
Agent shall promptly notify the Manager that such Instruments of Payment have
not been received by Escrow Agent.

Promptly following the Expiration Date, and in any event no later than ten
business days after the Expiration Date, Escrow Agent shall promptly return by
check the funds deposited in the Escrow Account, or shall return the Instruments
of Payment delivered to you if such instruments have not been processed for
collection prior to such time, directly to each subscriber at the address given
by the Company.

                                   Ex. 10.1-1

<PAGE>

Included in the remittance shall be a proportionate share of the income earned
in the Escrow Account allocable to each subscriber's investment in accordance
with the terms and conditions specified in section 7 hereof. Notwithstanding the
foregoing, Escrow Agent shall not be required to remit any payments until funds
represented by such payments have been collected.

In the event that the Company rejects any subscription for which Escrow Agent
has already collected funds, you will be so informed in writing by the Manager
to promptly issue a refund check to the rejected subscriber. If the Manager
rejects any subscription for which you have not yet collected funds but have
submitted the subscriber's Instrument of Payment for collection, you shall
promptly issue a check in the amount of the subscriber's Instrument of Payment
to the rejected subscriber after such funds clear. If Escrow Agent has not yet
submitted a rejected subscriber's check for collection, Escrow Agent shall
promptly remit the subscriber's Instrument of Payment directly to the
subscriber.

4. Following receipt by Escrow Agent of cash and Instruments of Payment (or
wired funds) of the Required Proceeds prior to the Expiration Date, it shall
notify the Company in writing within five business day when such funds have been
collected through normal banking channels and deposited in the Escrow Account.

5. Prior to the disbursement of funds deposited in the Escrow Account in
accordance with the provisions of section 3 or 6 hereof, Escrow Agent shall
invest all of the collected funds that have been deposited in the Escrow Account
in one money market account. No investments of Instruments of Payment will be
made until the funds thereof have been collected by Escrow Agent or unless the
Instrument of Payment is wired funds. If an Instrument of Payment is a cashier's
check on a major California bank, the investment will be made the business day
following receipt by the Escrow Agent of the Instrument of Payment. If the
Instrument of Payment is a cashier's check on any other bank, it will be held by
the Escrow Agent for five business days following the day of receipt before
investment of the funds. If the Instrument of Payment is in the form of funds in
an investment account of subscriber, the payment will be held by the Escrow
Agent for ten business days following the day of receipt before investment.
Escrow Agent will have no liability for any loss of interest or penalties
assessed if the money market account is liquidated before maturity.

6. All disbursements from the Escrow Account; including Net Escrow Income,
except for disbursements under the provisions of section 3 hereof, shall be made
by Escrow Agent only pursuant to the provisions of this section 6. Except for
disbursements authorized upon court order, Escrow Agent shall hold all funds in
the Escrow Account until (i) the date checks for Required Proceeds have cleared
normal banking channels after receipt by Escrow Agent of the Required Proceeds,
and (ii) receipt of letter instructions from the Company directing disbursements
of such funds to the Company.

In disbursing such funds, Escrow Agent is authorized to rely solely upon such
letter instructions which it receives from the Company whether or not such
instructions are correct, true or authentic; provided that, if in Escrow Agent's
opinion such letter instructions from the Company are unclear, it is authorized
to rely upon the legal counsel to the Company in distributing such funds to the
effect that distribution of the funds is authorized by the letter instructions
of the Company and that distribution of the funds in that manner is authorized
by and in compliance with such letter.

However, Escrow Agent shall not be required to disburse any funds attributable
to Instruments of Payment which have not been collected by Escrow Agent provided
that you shall use your best efforts to promptly collect such funds after
receipt of disbursement instructions from the Company in accordance with this
section, and shall disburse such funds in compliance with the disbursement
instructions from the Company.

7. In the event the offering of Units terminates prior to receipt of the
Required Proceeds, income earned on subscription proceeds deposited in the
Escrow Account (Gross Escrow Income) shall be remitted to subscribers in
compliance with section 3. Each subscriber's pro rata portion of Gross Escrow
Income shall be determined as follows: The total amount of Gross Escrow Income
shall be multiplied by a fraction, the numerator of which is determined by
multiplying the number of Units purchased by said subscriber times the number of
days said subscriber's proceeds are invested prior to termination of the
offering, and the denominator of which is the total of the numerators for all
such subscribers. The Company shall have the responsibility to compute each
subscriber's pro rate portion of Gross Escrow Income and to report to the Escrow
Agent in writing those amounts. Escrow Agent shall promptly remit all such Gross
Escrow Income in accordance with section 3 of this Agreement.

8. As compensation for serving as Escrow Agent hereunder, Escrow Agent shall
receive a fee, as set forth on Schedule A attached to this Agreement.

9. Escrow Agent, in performing any of its duties hereunder, shall not incur any
liability to anyone for any damages, losses or expenses, except for willful
default, breach of trust, or gross negligence, and accordingly it shall not
incur any such liability with respect to any action taken or omitted (1) in good
faith upon advice of its counsel given with respect to any question relating to
its duties and responsibilities under this Agreement, or (2) in reliance upon
any instrument, including any written instrument or instruction provided for in
this Agreement, not only as to its due execution and validity and effectiveness
of its provisions but also as to the truth and accuracy of information contained
therein, which Escrow Agent shall in good faith believe to be genuine, and (3)
to have been signed or presented by a proper person or persons and to conform to
the provisions of this Agreement. You have no duty under this Agreement to
ascertain or assure that the Company shall be in compliance with the terms and
conditions of the offering of the Units.

                                   Ex. 10.1-2

<PAGE>

10. Company covenants to defend and indemnify Escrow Agent, its directors,
officers, employees and agents harmless from any and all losses, liabilities,
claims, damages, costs or expenses (including without limitation reasonable
attorney's fees and disbursements) suffered or incurred by it arising out of or
in connection with Escrow Agent's status as a party to and in the administration
of this Agreement (including but not limited to the costs and expenses of
defending against any claim of liability in connection therewith), or in
connection with Escrow Agent's performance (excluding breach of trust, gross
negligence or willful misconduct) of any of the obligations hereunder, or Escrow
Agent's action pursuant to any instruction received by Escrow Agent from any
party hereto reasonably believed by Escrow Agent to have been properly given
hereunder, without the necessity of making any investigation with respect
thereto. Escrow Agent shall not be required to defend legal proceedings which
may be instituted against it with respect to the subject matter of this
Agreement or any written instructions, unless requested to do so by Company and
indemnified to Escrow Agent's satisfaction against the cost and expense of such
defense. Escrow Agent shall not be requested to institute legal proceedings of
any kind.

11. In the event of a dispute between the parties hereto or between any person
or persons who have subscribed for Units and delivered an instrument of payment
therefor and the Company, the Manager, or the Selling Agent, sufficient in
Escrow Agent's discretion to justify doing so, it shall be entitled to tender
into the registry or custody of any court of competent jurisdiction of the State
of California all money or property in its custody or control under this
Agreement, together with such legal pleadings as it shall deem appropriate, and
thereupon be discharged from all further duties and liabilities under this
Agreement.

In the event of any uncertainty of Escrow Agent as to its duties hereunder, it
may refuse to act under the provisions of this Agreement pending order of such
court of competent jurisdiction and it shall have no liability to the Company or
to any other person as a result of such action. Any such legal action may be
brought in such court in California as it shall determine to have jurisdiction
thereof. The filing of any such legal proceedings shall not deprive Escrow Agent
of its compensation earned prior to such filing.

12. All written notices and letters required hereunder to you shall only be
effective if delivered personally or by certified mail, return receipt requested
to Capitol City Escrow, Inc., 3838 Watt Avenue, Suite F-610, Sacramento, CA
95821. All written notices and letters required hereunder to the Manager or the
Company shall only be effective if delivered personally or by certified mail,
return receipt requested to MFP Management LLC, Steven M. Pontes, General
Manager, 414 13th Street, Suite 400, Oakland, CA 94612. All written notices and
letters required hereunder to the Selling Agent shall be only be effective if
delivered personally or by certified mail, return receipt requested, to David
Rice, Vice-president, Rice Pontes Capital, Inc., 2570 San Ramon Valley Blvd.,
Suite A201, San Ramon, CA 94583.

13. This Agreement shall be governed by the laws of the State of California as
to both interpretation and performance.

14. The provisions of this Agreement shall be binding upon the legal
representatives, successors and assigns of the parties hereto.

15. The Company hereby acknowledges that Escrow Agent is serving as escrow agent
only for the limited purposes herein set forth, and hereby agrees that it will
not represent or imply that Escrow Agent, by serving as escrow agent hereunder
or otherwise, has investigated the desirability or advisability of investment in
the Company, or has approved, endorsed or passed upon the merits of the Units or
the Company. The Company and Selling Agent further agree to instruct each of
their representatives, and any other person who may offer Units to persons from
time to time, that they shall not represent or imply that you have investigated
the desirability or advisability of investment in the Units or the Company, or
have approved, endorsed or passed upon the merits of the Units or the Company,
nor shall they use your name in any manner whatsoever in connection with the
offer or sale of the Units other than by acknowledgment that Escrow Agent has
agreed to serve as escrow agent for the limited purposes herein set forth.

16. This Agreement and any amendment hereto may be executed by the parties
hereto in one or more counterparts, each of which shall be deemed to be an
original.

17. In the event that Escrow Agent receives Instruments of Payment (or wired
funds) after the Required Proceeds have been received and the proceeds of the
Escrow Account have been distributed to the Company, it is hereby authorized to
deposit such Instruments of payment to any deposit account as directed by the
Company. The application of said funds into a deposit account directed by the
Company shall be a full acquittance to Escrow Agent and it shall not be
responsible for the application of said funds.

18. Escrow Agent shall be bound only by the terms of this Escrow Agreement and
shall not be bound or incur any liability with respect to any other agreements
or understanding between any other parties, whether or not the Escrow Agent has
knowledge of any such agreements or understandings.

19. Indemnification provisions set forth herein shall survive the termination of
this Agreement.

20. Upon acceptance and distribution of the Required Proceeds as provided in
this Agreement, this Agreement shall terminate and the Escrow Agent shall have
no further responsibility or liability with regard to the terms of this
Agreement.

                                   Ex. 10.1-3

<PAGE>

21. The Escrow Agent has no responsibility for accepting, rejecting or approving
subscriptions, nor does it have any responsibility whatsoever to determine the
authenticity or due authorization for the submission or signing of any
Subscription Agreement.

22. This Agreement shall not be modified, revoked, released or terminated unless
reduced to writing and signed by all parties hereto, subject to the following
paragraph.

Should at any time, any attempt be made to modify this Agreement in a manner
that would increase the duties and responsibilities of the Escrow Agent or to
modify this Agreement in any manner which the Escrow Agent shall deem
undesirable, or at any other time, the Escrow Agent may resign by notifying the
Company in writing, by certified mail, and until (i) the acceptance by a
successor escrow agent as shall be appointed by the Company; or (ii) thirty (30)
days following the date upon which notice was mailed, whichever occurs sooner,
the Escrow Agent's only remaining obligation shall be to perform its duties
hereunder in accordance with the terms of the Agreement.

23. The Escrow Agent may resign at any time from its obligations under this
Escrow Agreement by providing written notice to the Company. Such resignation
shall be effective on the date specified in such notice, which shall be not less
than thirty (30) days after such written notice has been given. The Escrow Agent
shall have no responsibility for the appointment of a successor escrow agent.
The Company shall within 20 days designate a successor agent, and the Escrow
Agent shall promptly deliver all funds, Short-term Investments and Instruments
of Payment in its custody or control to the successor agent. Unless otherwise
provided in this Agreement, final termination of this Escrow Agreement shall
occur on the date all funds, Short-term Investments and Instruments of Payment
held in the Escrow Account or otherwise under the custody or control of the Bank
are distributed either (a) to the Company pursuant to paragraph 6 hereof, (b) to
subscribers pursuant to paragraphs 3 and 7 hereof, or (c) to a successor escrow
agent as described herein. The Company shall give notice of the name and address
of the successor escrow agent to each subscriber.

24. The Escrow Agent may be removed for cause by the Company by written notice
to the Escrow Agent effective on the date specified in such notice. The removal
of the Escrow Agent shall not deprive the Escrow Agent of its compensation
earned prior to such removal.

Please sign and return two copies of this letter, which have been signed by the
Company and the Selling Agent, to indicate your acceptance and agreement to the
terms and conditions hereof.

                                     Sincerely yours,

                                     YOSEMITE MORTGAGE FUND II, LLC,
                                     a California limited liability company

                                     By:  MFP MANAGEMENT LLC,
                                          a California limited liability company

                                     By:  /s/ Steven M. Pontes, General Manager
                                          --------------------

Agreed to as of the 1st day of __________, 2002

                                     RICE PONTES, CAPITAL, INC.,
                                     a California corporation

                                     By:  /s/ Anthony Pontes, President
                                          ------------------

The terms and conditions contained above are hereby accepted and agreed to as of
the ___ day of __________, 2002 by:

                                     CAPITOL CITY ESCROW, INC.,
                                     a California corporation

                                     By:  /s/ Donna M. Grady, President
                                          ------------------

Schedule A to Escrow Agreement

                                   Ex. 10.1-4<PAGE>

                                                                    Exhibit 10.1

      SECOND AMENDMENT TO AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT

     This Second Amendment to Amended and Restated Loan and Security Agreement
(the "Second Amendment") is made as of the 12th day of November, 2002 by and
between

          Fleet Retail Finance Inc. (in such capacity, the "Agent"), as Agent
          for the Lenders party to a certain Amended and Restated Loan and
          Security Agreement dated as of August 3, 2000,

          the Lenders party thereto, and

          and

          Each of the following corporations (collectively, and each
          individually, the "Borrower"), each of which has its principal
          executive offices at 3383 North State Road 7, Fort Lauderdale, Florida
          33319:

          The Sports Authority, Inc. (A Delaware corporation)
          The Sports Authority Florida, Inc. (A Florida corporation)
          The Sports Authority Michigan, Inc. (A Michigan corporation)
          Authority International, Inc. (A Delaware corporation)

          and

          The Sports Authority, Inc., a Delaware corporation with its principal
                    executive offices at 3383 North State Road 7, Fort
                    Lauderdale, Florida 33319 in the additional capacity as the
                    "Lead Borrower"

          and

          The Sports Authority, Inc., a Delaware corporation with its principal
          executive offices at 3383 North State Road 7, Fort Lauderdale, Florida
          33319 in the additional capacity as the "Parent"

in consideration of the mutual covenants herein contained and benefits to be
derived herefrom.

                              W I T N E S S E T H:

     WHEREAS, on August 3, 2000, the Agent, the Lenders and the Borrowers
entered in a certain Amended and Restated Loan and Security Agreement, as
amended by a First Amendment to Amended and Restated Loan and Security Agreement
dated as of June 8, 2001 (as amended, the "Agreement"); and

     WHEREAS, the Lead Borrower has requested that the Agent and the Lenders
agree to amend the Agreement to, among other things, extend the Maturity Date of
the Loans; and

     WHEREAS, the Agent, the Lenders, and the Borrowers desire to modify certain
of the provisions of the Agreement as set forth herein.

<PAGE>

     NOW, THEREFORE, it is hereby agreed among the Agent, the Lenders and the
Borrowers as follows:

     1.   Capitalized Terms. All capitalized terms used herein and not otherwise
          defined shall have the same meaning herein as in the Agreement.

     2.   Amendment to Article 1. The following definitions contained in Article
          1 of the Agreement are hereby amended to read as follows:

          "Commitment": Subject to Section 2:2-20, below, as follows:

                See Exhibit 2-20, annexed hereto.

          "Eurodollar Margin": Commencing on November 12, 2002 and on the
                        first day of each fiscal quarter thereafter, the
                        Eurodollar Margin shall be reset (commencing with the
                        Business Day after the Agent's receipt of the Pricing
                        Certificate (Section ) for loans initiated on or after
                        the date when so set, that is to say Eurodollar
                        contracts in effect at the time of increases/decreases
                        in margin will remain at the margin originally utilized
                        when the contract was opened. The margin in effect at a
                        given time will apply to contracts opened at that time,
                        and shall be based upon the following pricing grid.

<PAGE>

                         EURODOLLAR MARGIN PRICING GRID

<TABLE>
<CAPTION>

                  TIER         Performance                              MARGIN
                               Measure                                  (BASIS
                                                                        POINTS)
                  -----------------------------------------------------------------
                  <S>          <C>                                      <C>

                  I            average quarterly Availability           150
                               for the preceding fiscal
                               quarter of greater than or
                               equal to $120 Million and
                               EBITDA for the 4 most recent
                               fiscal quarters greater than
                               $70 Million
                  ------------------------------------------------------------------
                  II           average quarterly Availability           175
                               for the preceding fiscal
                               quarter of greater than or
                               equal to $95 Million

                  ------------------------------------------------------------------

                  III          average quarterly Availability           200
                               for the preceding fiscal
                               quarter of greater than or
                               equal to $65 Million and less
                               than $95 Million
                  ------------------------------------------------------------------
                  IV           average quarterly Availability           225
                               for the preceding fiscal
                               quarter of less than $65 Million
                  ------------------------------------------------------------------
</TABLE>

                                       3

<PAGE>

     The calculation of the average quarterly Availability, as set forth above,
     shall be set forth in the Pricing Certificate and shall be confirmed by the
     Agent based upon the following calculation:

                  Numerator:  the sum of the dollar amounts of the actual daily
                        Availability for each calendar day of the prior fiscal
                        quarter of the Borrower

                  Denominator: the actual number of calendar days in the same
                        prior fiscal quarter of the Borrower

     The Borrowers must satisfy both requirements contained in the Performance
     Measures set forth in Level I for such Level to be applicable.

     "Inventory Advance Rate":   (a)  70% from December 15 through September 30,
          inclusive, of each fiscal year of the Borrower.

                  (b)    75% from October 1 through December 14, inclusive, of
          each fiscal year of the Borrower.

     "Maturity Date":  September 30, 2006.

3.   Amendment to Article 2. Article 2 of the Agreement is hereby amended by the
     addition of the following Section 2-22:

          2-22. Reduction of Commitments. Upon at least two Business Days' prior
     written notice to the Agent the Borrowers may at any time upon their
     raising of funds in public debt or equity markets, permanently reduce the
     Commitments, provided that the Commitments shall not be reduced below a
     minimum of $250 Million unless there is a Termination Date. Each such
     reduction shall be in the principal amount of $10 Million or any integral
     multiple thereof. Each such reduction shall (i) be applied ratably to the
     Commitments of each Lender and (ii) be irrevocable

                                       4

<PAGE>

     when given. At the effective time of each such reduction, the Borrowers
     shall pay to the Agent for application as provided herein any amount by
     which the aggregate balance of the Loan Account plus the stated amount of
     all then outstanding L/C's outstanding on such date exceeds the Borrowing
     Base.

4.   Amendment to Article 4. Section 4-19(b) of the Agreement is hereby amended
     to read as follows:

          (b)  Subject to the satisfaction of each of the conditions included in
     this Section <CWXRef:7:PermittedRepurchase>, the Parent may repurchase its
     capital stock up to the limits set forth below (each of which repurchase is
     referred to herein as a "Permitted Repurchase"):

               (i)  On the date on which the subject repurchase is to be
               effected:

                    (A) No Event of Default shall have occurred and none will
               occur by reason of the subject repurchase.

                    (B) If Collateral Availability (i) is not less than $45
               Million for the period immediately prior to the subject
               repurchase, (ii) will not be less than $45 Million immediately
               after such repurchase, and (iii) on a pro forma basis for the six
               (6) month period following such repurchase, as reflected on a
               projection provided to the Agent immediately prior to the subject
               repurchase (and prepared based on the same methodology and with
               the same assumptions as those used in the preparation of the
               Business Plan) ) is not less than $45 Million, the Parent shall
               be permitted to repurchase up to $20 Million of its capital
               stock.

                    (C) If Collateral Availability (i) is not less than $50
               Million for the period immediately prior to the subject
               repurchase,

                                       5

<PAGE>

               (ii)  will not be less than $50 Million immediately after such
               repurchase, and (iii) on a pro forma basis for the six (6) month
               period following such repurchase, as reflected on a projection
               provided to the Agent immediately prior to the subject repurchase
               (and prepared based on the same methodology and with the same
               assumptions as those used in the preparation of the Business
               Plan)) is not less than $50 Million, the Parent shall be
               permitted to repurchase up to $25 Million of its capital stock.

                     (D) If Collateral Availability (i) is not less than $55
               Million for the period immediately prior to the subject
               repurchase, (ii) will not be less than $55 Million immediately
               after such repurchase, and (iii) on a pro forma basis for the six
               (6) month period following such repurchase, as reflected on a
               projection provided to the Agent immediately prior to the subject
               repurchase (and prepared based on the same methodology and with
               the same assumptions as those used in the preparation of the
               Business Plan) ) is not less than $55 Million, the Parent shall
               be permitted to repurchase up to $30 Million of its capital
               stock.

               (ii)  The cumulative amount of funds expended by Borrower for all
          such repurchases of capital stock shall not in the aggregate exceed
          $30 Million.

               (iii) For the purposes of calculating Collateral Availability
          under this Section 4-19(b), Collateral Availability shall be reduced
          by accounts payable which are beyond credit terms upon which the
          Borrowers customarily pay.

5.   Amendment to Article 5. Section 5-11 of the Agreement is hereby amended to
     read as follows:

                                       6

<PAGE>

     5-11. Financial Covenant based upon Collateral Availability; Minimum
     EBITDA. If at any time Collateral Availability is less than $40 Million,
     then thereafter the Borrower shall not suffer or permit its EBITDA for the
     previous four (4) fiscal quarters (on a rolling four quarter basis) to be
     less than $35 Million, tested quarterly as soon as the information is
     publicly available each fiscal quarter.

6.   Ratification of Loan Documents. Except as provided herein, all terms and
     conditions of the Agreement on the other Loan Documents remain in full
     force and effect.

7.   Miscellaneous.

          (a) Upon the execution of this Second Amendment the Borrowers shall
     pay to the Agent, for the ratable benefit of the Lenders, an amendment fee
     in the amount of $1,256,250.00, which fee shall be fully earned upon the
     execution of this Second Amendment and not refundable under any
     circumstances.

          (b) In addition to the Agent's appraisal rights set forth in the
     Agreement, subsequent to the execution of this Second Amendment, the
     Borrowers shall permit the Agent to obtain Real Estate appraisals on the
     Eligible Real Estate, at the Borrowers' expense, conducted by such
     appraisers as are reasonably satisfactory to the Agent.

          (c) This Second Amendment may be executed in several counterparts and
     by each party on a separate counterpart, each of which when so executed and
     delivered shall be an original, and all of which together shall constitute
     one instrument.

          (d) This Second Amendment expresses the entire understanding of the
     parties with respect to the transactions contemplated hereby. No prior
     negotiations or discussions shall limit, modify, or otherwise affect the
     provisions hereof.

                                       7

<PAGE>
          (e) Any determination that any provision of this Second Amendment or
     any application hereof is invalid, illegal or unenforceable in any respect
     and in any instance shall not affect the validity, legality, or
     enforceability of such provision in any other instance, or the validity,
     legality or enforceability of any other provisions of this Second
     Amendment.

          (f) The Borrower shall pay on demand all costs and expenses of the
     Agent and each Lender, including, without limitation, reasonable attorneys'
     fees in connection with the preparation, negotiation, execution and
     delivery of this Second Amendment.

                                       8

<PAGE>
         IN WITNESS WHEREOF, the parties have hereunto caused this Second
Amendment to be executed and their seals to be hereto affixed as of the date
first above written.

                                             The "Borrowers":
                                             The "Lead Borrower":
                                             The "Parent":

                                             THE SPORTS AUTHORITY, INC.

                                             By      /s/ Mark Iskander
                                                 -------------------------------
                                             Print Name: Mark Iskander

                                             Title:_____________________________

                                             THE SPORTS AUTHORITY FLORIDA, INC.

                                             By     /s/ Mark Iskander
                                                 -------------------------------
                                             Print Name: Mark Iskander

                                             Title:_____________________________

                                             THE SPORTS AUTHORITY MICHIGAN, INC.

                                             By      /s/ Mark Iskander
                                                 -------------------------------
                                             Print Name: Mark Iskander

                                             Title:_____________________________

                                             AUTHORITY INTERNATIONAL, INC.

                                             By      /s/ Mark Iskander
                                                 -------------------------------
                                             Print Name: Mark Iskander

                                             Title:_____________________________

                                       9

<PAGE>

                                               The "Agent":
                                               FLEET RETAIL FINANCE INC.

                                               By       /s/ James J. Ward
                                                     ---------------------------
                                               Print Name:  James J. Ward

                                               Title:___________________________

                                               The "Lenders":
                                               FLEET RETAIL FINANCE INC.

                                               By       /s/ James J. Ward
                                                     ---------------------------
                                               Print Name:  James J. Ward

                                               Title:___________________________

                                               FOOTHILL CAPITAL CORPORATION

                                               By      /s/ Eunnie Kim
                                                     ---------------------------
                                               Print Name: Eunnie Kim

                                               Title:___________________________

                                               HELLER FINANCIAL, INC.

                                               By      /s/ W. Jerome McDermott
                                                     ---------------------------
                                               Print Name: W. Jerome McDermott

                                               Title:___________________________

                                               BANK OF AMERICA, N.A.

                                               By      /s/ Valerie Peppe
                                                     ---------------------------
                                               Print Name: Valerie Peppe

                                               Title:___________________________

                                       10

<PAGE>

                                      CITIZENS BUSINESS CREDIT, A DIVISION OF
                                      CITIZENS LEASING CORPORATION

                                      By      /s/ William L. Benning
                                         ---------------------------------------
                                      Print Name: William L. Benning
                                      Title:____________________________________

                                      FLEET CAPITAL CORPORATION

                                      By      /s/ Rodney G. McSwain
                                         ---------------------------------------
                                      Print Name: Rodney G. McSwain
                                      Title:____________________________________

                                      LASALLE BUSINESS CREDIT, INC.

                                      By      /s/ Ernest J. Abati
                                         ---------------------------------------
                                      Print Name: Ernest J. Abati
                                      Title:____________________________________

                                      THE CIT GROUP/BUSINESS CREDIT, INC.

                                      By      /s/ Elliot Harris
                                         ---------------------------------------
                                      Print Name: Elliot Harris
                                      Title:____________________________________

                                      CONGRESS FINANCIAL CORPORATION (SOUTHWEST)

                                      By      /s/ Paul Truax
                                         ---------------------------------------
                                      Print Name: Paul Truax
                                      Title:____________________________________

                                       11

<PAGE>

                                          NATIONAL CITY COMMERCIAL FINANCE, INC.

                                          By /s/ Kathryn C. Ellero
                                             ---------------------------------
                                           Print Name: Kathryn C. Ellero

                                          Title: _____________________________

                                          THE PROVIDENT BANK

                                          By /s/ Michael D. Shover
                                             ---------------------------------
                                          Print Name: Michael D. Shover

                                          Title:_______________________________

                                          JPMORGAN CHASE BANK

                                          By /s/ Courtney Jeans
                                             ----------------------------------
                                          Print Name: Courtney Jeans

                                          Title:_______________________________

                                          GMAC BUSINESS CREDIT, LLC

                                          By /s/ Thomas Maiale
                                            -----------------------------------
                                          Print Name: Thomas Maiale

                                          Title:_______________________________

                                       12

<PAGE>

                                          AMSOUTH BANK

                                          By /s/ Frank D. Marsiano
                                            -----------------------------------
                                          Print Name: Frank D. Marsiano

                                          Title:_______________________________

                                          WHITEHALL BUSINESS CREDIT CORPORATION

                                          By /s/ Otto Brunke
                                             ----------------------------------
                                          Print Name: Otto Brunke

                                          Title:_______________________________

                                       13

<PAGE>

                                 EXHIBIT 2:2-20

<TABLE>
<CAPTION>
         ----------------------------------------------------------------------------------
         LENDER                                    DOLLAR COMMITMENT       COMMITMENT
                                                                           PERCENTAGE
         ----------------------------------------------------------------------------------
         <S>                                       <C>                       <C>
         Fleet Retail Finance Inc.                 $29,000,000               8.6567
         ----------------------------------------------------------------------------------
         Foothill Capital Corporation              $37,000,000              11.0448
         ----------------------------------------------------------------------------------
         Heller Financial, Inc.                    $25,000,000               7.4627
         ----------------------------------------------------------------------------------
         Bank of America, N.A.                     $35,000,000              10.4478
         ----------------------------------------------------------------------------------
         Citizens Business Credit, a Division      $15,000,000               4.4776
         of Citizens Leasing Corporation
         ----------------------------------------------------------------------------------
         Fleet Capital Corporation                 $15,000,000               4.4776
         ----------------------------------------------------------------------------------
         LaSalle Business Credit, Inc.             $15,000,000               4.4776
         ----------------------------------------------------------------------------------
         The CIT Group/Business Credit, Inc.       $30,000,000               8.9552
         ----------------------------------------------------------------------------------
         Congress Financial Corporation            $32,000,000               9.5522
         (Southwest)
         ----------------------------------------------------------------------------------
         National City Commercial Finance, Inc.    $25,000,000               7.4627
         ----------------------------------------------------------------------------------
         The Provident Bank                        $ 8,000,000               2.3881
         ----------------------------------------------------------------------------------
         JPMorgan Chase Bank                       $15,000,000               4.4776
         ----------------------------------------------------------------------------------
         GMAC Business Credit, LLC                 $23,000,000               6.8657
         ----------------------------------------------------------------------------------
         AmSouth Bank                              $18,000,000               5.3731
         ----------------------------------------------------------------------------------
         Whitehall Business Credit Corporation     $13,000,000               3.8806
         ----------------------------------------------------------------------------------
</TABLE>

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00045-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00045-of-00352.parquet"}]]