Document:

EXHIBIT 10.15

                            SEVERANCE AGREEMENT - 73+

                                                         January __, 2000

Dear _______________:

         This letter will confirm our understanding on the matters set forth
below, and supersedes the letter agreement between us on the same subject dated
______, 199_.

         1. If your employment with The Sports Authority, Inc. (the "Company")
is terminated by the Company other than for Cause and paragraph 2 does not
apply, the Company will pay to you your base salary through the date termination
occurs, plus any other amount due you at the time of termination under any bonus
plan of the Company, and thereafter the Company will pay you twenty-six (26)
bi-weekly severance payments equal to your bi-weekly base salary at the time of
termination. In addition, on the next ensuing date when bonuses are paid under
the bonus plan of the Company in which you are a participant at the time of your
termination, the Company will pay you in a lump sum an amount equal to the bonus
you would have received if you had remained employed by the Company through that
date.

         2. Notwithstanding paragraph 1, if there is a Change in Control of the
Company while you are employed by the Company and if your employment with the
Company is terminated by the Company other than for Cause or if you terminate
your employment with the Company for Good Reason, in either case within a
two-year period following such a Change in Control, the Company will pay to you
an amount equal to two times the sum of (i) your annual rate of base salary at
the time of termination or immediately prior to the Change in Control, whichever
base salary amount is greater, and (ii) the "on plan" bonus amount targeted for
you for the fiscal year in which termination occurs or the fiscal year
immediately prior to the Change in Control, whichever bonus amount is greater.
Such payment shall be made within fifteen days after your termination.

         3. (a) Termination by the Company for "Cause" means termination based
on (i) conduct which is a material violation of Company policy (as in effect on
the date your employment is terminated, if it is terminated under paragraph 1,
and as in effect immediately before the Change in Control, if your employment is
terminated under paragraph 2), or which is fraudulent or unlawful or which
materially interferes with your ability to perform your duties, (ii) misconduct
which damages or injures the Company or substantially damages the Company's
reputation, or (iii) gross negligence in the performance of, or willful failure
to perform, your duties and responsibilities.

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            (b) Termination by you for "Good Reason" means termination based on
the occurrence without your express written consent of any of the following: (i)
a significant diminution by the Company of your role with the Company or a
significant detrimental change in the nature and/or scope of your status with
the Company, other than for Cause, (ii) a reduction in your base salary, other
than for Cause and other than as part of an across-the-board reduction in
salaries of management personnel (including all Vice Presidents and above) of
less than 20%, (iii) a material diminution by the Company of benefits (taken as
a whole) provided to you immediately prior to the Change in Control, or (iv) the
relocation of the Company's principal executive offices to a location outside of
Broward County, Palm Beach County or Dade County, Florida or any requirement
that you be based anywhere other than the Company's principal executive offices.

            (c) A "Change in Control" shall be deemed to have occurred if:

                           (i) the "beneficial ownership" (as defined in Rule
l3d-3 under the Securities Exchange Act of 1934, as amended (the "Exchange
Act")) of securities representing more than 50% of the combined voting power of
the Company is acquired by any "person" as defined in sections 13(d) and 14(d)
of the Exchange Act (other than the Company or any trustee or other fiduciary
holding securities under an employee benefit plan of the Company), or

                           (ii) the shareholders of the Company approve a
definitive agreement to merge or consolidate the Company with or into another
corporation or to sell or otherwise dispose of all or substantially all of its
assets, or

                           (iii) during any period of three consecutive years,
individuals who at the beginning of such period were members of the Board of
Directors of the Company cease for any reason to constitute at least a majority
thereof (unless the election, or the nomination for election by the Company's
shareholders, of each new director was approved by a vote of at least a majority
of the directors then still in office who were directors at the beginning of
such period).

         4. (a) Anything in this Agreement to the contrary notwithstanding, in
the event that it shall be determined that any payment or distribution by the
Company to or for your benefit, whether paid or payable or distributed or
distributable pursuant to the terms of this agreement or otherwise (the
"Payment"), would constitute an "excess parachute payment" within the meaning of
Section 280G of the Code, you shall be paid an additional amount (the "Gross-Up
Payment") such that the net amount retained by you after deduction of any excise
tax imposed on you under Section 4999 of the Code , and any federal, state and
local income and employment tax and excise tax imposed upon the Gross-Up Payment
shall be equal to the Payment. For purposes of determining the amount of the
Gross-Up Payment, you shall be deemed to pay federal income tax and employment
taxes at the highest marginal rate of federal income and employment taxation in
the calendar year in which the Gross-Up Payment is to be made and state and

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local income taxes at the highest marginal rate of taxation in the state and
locality of your residence (or, if greater, the state and locality in which you
are required to file a nonresident income tax return with respect to the
Payment) on the Termination Date, net of the maximum reduction in federal income
taxes that may be obtained by you from the deduction of such state and local
taxes.

            (b) All determinations to be made under this paragraph 4 shall be
made by the Company's independent public accountant immediately prior to the
Change of Control (the "Accounting Firm"), which firm shall provide its
determinations and any supporting calculations both to the Company and you
within 10 days of your termination. Any such determination by the Accounting
Firm shall be binding upon the Company and you. Within five days after the
Accounting Firm's determination, the Company shall pay (or cause to be paid) or
distribute (or cause to be distributed) to you, or for your benefit, such
amounts as are then due to you under this agreement.

            (c) You shall notify the Company in writing of any claim by the
Internal Revenue Service that, if successful, would require the payment by the
Company of the Gross-Up Payment. Such notification shall be given as soon as
practicable but no later than ten business days after you know of such claim and
shall apprise the Company of the nature of such claim and the date on which such
claim is requested to be paid. You shall not pay such claim prior to the
expiration of the thirty day period following the date on which you give such
notice to the Company (or such shorter period ending on the date that any
payment of taxes with respect to such claim is due). If the Company notifies you
in writing prior to the expiration of such period that it desires to contest
such claim, you shall:

         (i)      give the Company any information reasonably requested by the
                  Company relating to such claim;

         (ii)     take such action in connection with contesting such claim as
                  the Company shall reasonably request in writing from time to
                  time, including, without limitation, accepting legal
                  representation with respect to such claim by an attorney
                  reasonably selected by the Company;

         (iii)    cooperate with the Company in good faith in order to
                  effectively contest such claim; and

         (iv)     permit the Company to participate in any proceedings relating
                  to such claim;

provided, however, that the Company shall bear and pay directly all costs and
expenses (including additional interest and penalties) incurred in connection
with such contest and shall indemnify and hold you harmless, on an after-tax
basis, for any excise tax, income tax or employment tax, including interest and
penalties, with respect thereto, imposed as a result of such representation and
payment of costs and expenses. Without limitation on

<PAGE>

the foregoing provisions of this paragraph 4, the Company shall control all
proceedings taken in connection with such contest and, at its sole option, may
pursue or forego any and all administrative appeals, proceedings, hearing and
conferences with the taxing authority in respect of such claim and may, at its
sole option, either direct you to pay the tax claimed and sue for a refund or
contest the claim in any permissible manner, and you agree to prosecute such
contest to a termination before any administrative tribunal, in a court of
initial jurisdiction and in one or more appellate courts, as the Company shall
determine; provided further, however, that if the Company directs you to pay
such claim and sue for a refund the Company shall advance the amount of such
payment to you, on an interest-free basis and shall indemnify and hold you
harmless, on an after-tax basis, from any excise tax, income tax or employment
tax, including interest or penalties with respect thereto, imposed with respect
to such advance or with respect to any imputed income with respect to such
advance; and provided further that any extension of the statute of limitations
relating to payment of taxes for your taxable year with respect to which such
contested amount is claimed to be due is limited solely to such contested
amount. Furthermore, the Company's control of the contest shall be limited to
issues with respect to which a Gross-Up Payment would be payable hereunder and
you shall be entitled to settle or contest, as the case may be, any other issue
raised by the Internal Revenue Service or any other taxing authority.

            (d) If, after the receipt by you of an amount advanced by the
Company pursuant to this Section, you become entitled to receive any refund with
respect to such claim, you shall (subject to the Company's complying with the
requirements of this paragraph) promptly pay to the Company the amount of such
refund (together with any interest paid or credited thereon after taxes
applicable thereto). If, after the receipt by you of an amount advanced by the
Company pursuant to this Section, a determination is made that you shall not be
entitled to any refund with respect to such claim and the Company does not
notify you in writing of its intent to contest such denial of refund prior to
the expiration of thirty days after such determination, then such advance shall
be forgiven and shall not be required to be repaid and the amount of such
advance shall offset, to the extent thereof, the amount of Gross-Up Payment
required to be paid.

            (e) All of the fees and expenses of the Accounting Firm in
performing the determinations referred to in this paragraph shall be borne
solely by the Company. The Company agrees to indemnify and hold harmless the
Accounting Firm of and from any and all claims, damages and expenses resulting
from or relating to its determinations pursuant to this paragraph, except for
claims, damages or expenses resulting from the gross negligence or willful
misconduct of the Accounting Firm.

         5. The payments provided hereunder shall constitute the exclusive
payments due you from, and the exclusive obligation of, the Company in the event
of any termination of your employment, except for any benefits which may be due
you in normal course under any employee or executive benefit plan of the Company
which provides benefits after termination of employment, other than a severance
pay plan. You shall not be required to mitigate the amount of any payment or
benefit provided for in this

<PAGE>

agreement by seeking other employment or otherwise, nor shall the amount of any
payment or benefit provided for herein be reduced by any compensation earned by
other employment or otherwise. The payments hereunder may not be transferred,
assigned or encumbered in any manner, either voluntarily or involuntarily. In
the event of your death, any payments then or thereafter due hereunder will be
made to your estate.

         6. In consideration of the obligations of the Company hereunder, you
agree that you shall not, for a period of (i) one year from the date of any
termination of your employment by the Company other than for Cause and other
than under paragraph 2, and (ii) two years from the date of any other
termination of your employment other than under paragraph 2, (a) directly or
indirectly become an employee, director, consultant or advisor of, or otherwise
affiliated with, any retailer of sporting goods, footwear or apparel with retail
outlets in the United States (unless the classes of products sold by such
retailer constitute less than 10% of the total sales by the Company and its
licensees in the United States during the fiscal year of the Company immediately
preceding the year of such termination), (b) directly or indirectly solicit or
hire, or encourage the solicitation or hiring of, any person who was an employee
of the Company at any time on or after the date of such termination (unless more
than six months shall have elapsed between the last day of such person's
employment by the Company and the first date of such solicitation or hiring),
(c) disparage the name, business reputation or business practices of the Company
or any of its officers or directors, or interfere with the Company's existing or
prospective business relationships, or (d) without the written consent of the
Chief Executive Officer of the Company, disclose to any person other than as
required by law or court order, any confidential information obtained by you
while in the employ of the Company, provided, however, that confidential
information shall not include any information known generally to the public
(other than as a result of unauthorized disclosure by you) or any specific
information or type of information generally not considered confidential by
persons engaged in the same business as the Company, or information disclosed by
the Company by any member of its Board of Directors or any other officer thereof
to a third party without restrictions on the disclosure of such information.

         You acknowledge that these restrictions are reasonable and necessary to
protect the Company's legitimate interests, that the Company would not have
entered into this agreement in the absence of such restrictions, and that any
violation of these restrictions will result in irreparable harm to the Company.
You agree that the Company shall be entitled to preliminary and permanent
injunctive relief, without the necessity of proving actual damages, as well as
an equitable accounting of all earnings, profits and other benefits arising from
any violation hereof, which rights shall be cumulative and in addition to any
other rights or remedies to which the Company may be entitled. You irrevocably
and unconditionally (i) agree that any legal proceeding arising out of this
paragraph may be brought in the United States District Court for the Southern
District of Florida, or if such court does not have jurisdiction or will not
accept jurisdiction, in any court of general jurisdiction in Broward County,
Florida, (ii) consent to the non-exclusive jurisdiction of such court in any
such proceeding, and (iii) waive any objection to the

<PAGE>

laying of venue of any such proceeding in any such court. You also irrevocably
and unconditionally consent to the service of any process, pleadings, notices or
other papers.

         7. In the event you initiate legal action against the Company to
enforce your rights under this agreement, the party which prevails in such
litigation shall be entitled to full reimbursement by the other party for all
reasonable expenses (including reasonable attorneys' fees and expenses) incurred
in connection with such action.

         8. This agreement shall terminate on November 30, 2001 and shall be
automatically renewed for successive one-year periods unless the Company
notifies you or you notify the Company in writing that this agreement will not
be renewed at least sixty days prior to the end of the current term, provided,
however, that (i) after a Change in Control during the term of this agreement,
this agreement shall remain in effect until all of the obligations of the
parties hereunder are satisfied, and (ii) this agreement shall terminate if,
prior to a Change in Control, your employment with the Company shall terminate
for any reason other than as provided herein.

         9. The obligation to make the payments hereunder is conditioned upon
your execution and delivery to the Company at the time of the termination of
your employment of a release, in form satisfactory to the Company, of any claims
you may have as a result of your employment or termination of employment under
any federal, state or local law, excluding any claim for benefits which may be
due you in normal course under any employee or executive benefit plan of the
Company which provides benefits after termination of employment, other than a
severance pay plan, and excluding any claims for reimbursement for liabilities,
costs or expenses incurred in any action against you within the scope of your
employment by the Company and for which you would have been indemnified pursuant
to the bylaws of the Company as of the date hereof (in which case you shall
notify the Company in writing within ten days after receiving service of process
as to the commencement of the action and give the Company the right to control
the defense of any such action), unless later limited in accordance with
applicable law.

         10. The Company shall require any successor or successors (whether
direct or indirect, by purchase, merger, consolidation or otherwise) to all or
substantially all of the business and/or assets of the Company, by agreement in
form and substance satisfactory to you, to acknowledge expressly that this
agreement is binding upon and enforceable against the Company in accordance with
the terms hereof, and in the same manner and to the same extent that the Company
would be required to perform if no such succession or successions had taken
place. Failure of the Company to obtain such agreement prior to the
effectiveness of any such succession shall be a breach of this agreement. As
used in this agreement, the Company shall mean the Company as hereinbefore
defined and any such successor or successors to its business and/or assets,
jointly and severally.

         11. All payments hereunder shall be subject to applicable tax
withholding and deductions.

<PAGE>

         12. Nothing in this agreement shall be construed as giving you any
right to be retained in the employ of the Company.

         13. This agreement shall be governed by and interpreted under the laws
of the State of Delaware without giving effect to any conflict of laws
provisions.

         14. This agreement sets forth the entire understanding with respect to
the subject matter hereof and supersedes all prior agreements, written or oral
or express or implied, between you and the Company as to such subject matter.
This agreement may not be amended, nor may any provision hereof be modified or
waived, except by an instrument in writing duly signed by you and the Company.

         15. If any provision of this agreement, or any application thereof to
any circumstances, is invalid, in whole or in part, such provision or
application shall to that extent be severable and shall not affect other
provisions or applications of this agreement.

         Please indicate your agreement by signing below and retain one copy for
you records.

                                   Sincerely,

                                   THE SPORTS AUTHORITY, INC.

                                   By:
                                      -----------------------------

Agreed:

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

Date:
     ------------------------EXHIBIT 10.28

         Confidential Treatment has been requested with respect to portions of
the agreement indicated with an asterisk [*]. A complete copy of this agreement,
including the redacted terms, has been separately filed with the Securities and
Exchange Commission.

                          E-COMMERCE VENTURE AGREEMENT

                                     BETWEEN

                           THE SPORTS AUTHORITY, INC.

                                       AND

                         GLOBAL SPORTS INTERACTIVE, INC.

                                   MAY 7, 1999

<PAGE>
                          E-COMMERCE VENTURE AGREEMENT

         This Agreement is made and entered into on the 7th day of May, 1999, by
and between GLOBAL SPORTS INTERACTIVE, INC., a corporation organized and
existing under the laws of the Commonwealth of Pennsylvania and having its
principal place of business at King of Prussia, Pennsylvania ("GSI"), and THE
SPORTS AUTHORITY, INC., a corporation organized and existing under the laws of
the State of Delaware and having its principal place of business at Fort
Lauderdale, Florida ("TSA").

                                    SECTION I

                 PURPOSE AND STRUCTURE OF THE E-COMMERCE VENTURE

         1.1. PURPOSE. The purpose of the e-commerce venture is to manage and
operate the E-Commerce Business.

         1.2. STRUCTURE. The e-commerce venture shall be carried out through
TheSportsAuthority.com, Inc., a corporation to be organized by the parties under
the laws of the State of Delaware ("TSA.com") and located in King of Prussia,
Pennsylvania unless the parties otherwise agree. The parties agree to cause
TSA.com to sell and issue shares only as provided in Section 3.3 hereof.

                                   SECTION II

                              TERMS AND DEFINITIONS

         For purposes of this Agreement, the following terms have the meaning
expressed after each term:

         2.1. "ADVERTISING CO-OP AND DISCRETIONARY FUNDS" - Amounts earned by or
allocated to TSA.com by vendors, the purpose of which is to advertise that
vendor"s brand or to use at TSA.com"s discretion.

         2.2. "AFFILIATE(S)" - An entity directly or indirectly controlling
(through one or more intermediaries), controlled by or under common control with
a given "Party" (as defined below), where control means the ownership or
control, directly or indirectly, of 50% or more of all of the voting power of
the shares (or other securities or rights) entitled to vote for the election of

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directors or other governing authority, provided that such entity shall be
considered an Affiliate only for the time during which such control exists.

         2.3. "BOARD OF DIRECTORS" - The Board of Directors of TSA.com or of any
Subsidiary, as the case may be.

         2.4. "BUSINESS DAY(S)" - Any day which is not a Saturday, Sunday or
official federal holiday in the United States.

         2.5. "DIRECTORS" - The members of the Board of Directors of TSA.com.

         2.6. "E-COMMERCE AGREEMENT" - The agreement between TSA.com and TSA,
substantially in the form attached hereto as EXHIBIT "A."

         2.7. "E-COMMERCE BUSINESS" - The business of creating, developing,
operating, managing, advertising and promoting the TSA Site (as defined below).

         2.8. "E-COMMERCE SERVICES AGREEMENT" - The agreement between TSA.com
and GSI, substantially in the form attached hereto as EXHIBIT "B."

         2.9. "FISCAL YEAR" - TSA.com"s fiscal year as further defined in
Section 7.1.

         2.10. "GAAP" - Generally accepted accounting principles, consistently
applied.

         2.11. "GROSS SALES" shall mean all revenues received for merchandise
and services furnished at, by or through the TSA Site by TSA.com, its Affiliate,
Subsidiary or Related companies or permitted sublicensees (if any), whether
received by TSA.com, its Affiliate, Subsidiary or Related companies or permitted
sublicensees, whether for cash, credit, or other QUID PRO QUO (as measured at
fair market value), except that the following shall be excluded in calculating
Gross Sales: (i) sales of General Merchandise or Own Brand Merchandise
subsequently returned for refund or credit; (ii) value added taxes, consumption
taxes, sales taxes, uses taxes and any other applicable taxes imposed by
governments, excluding withholding taxes collected and paid by TSA.com, if any;
and (iii) TSA.com"s related actual costs of shipping and handling. Gross Sales
shall be calculated net of any allowances given with respect to defective
General Merchandise or Own Brand Merchandise, provided that such allowances
shall not exceed [*] percent ([*]%) of the value (at TSA.com"s lowest cost) of
General Merchandise or Own Brand Merchandise (as the case may be) received in
any given Fiscal Year from the subject vendor or vendors to TSA.com.

         2.12. "INTERNET" - A global network of interconnected computer
networks, each using

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<PAGE>

the Transmission Control Protocol/Internet Protocol and/or such other standard
network interconnection protocols as may be adopted from time to time, which is
used to transmit content that is directly or indirectly delivered to a computer
or other digital electronic device for display to an end-user, whether such
content is delivered through on-line browsers, off-line browsers or through
"push" technology, electronic mail, broadband distribution, satellite, wireless
or other successor technologies or means.

         2.13. "INVESTMENT BANKER" - A major investment banking firm having
substantial experience in the valuation of e-commerce enterprises similar in
size and structure to TSA.com.

         2.14. "LICENSE AGREEMENT" - The agreement among TSA, The Sports
Authority Michigan, Inc. and TSA.com, substantially in the form attached hereto
as EXHIBIT "C."

         2.15. "OPERATIVE DOCUMENTS" - This Joint Venture Agreement, the
E-Commerce Agreement, the E-Commerce Services Agreement and the License
Agreement.

         2.16. "PARTY(IES)" - "Party" shall mean TSA and/or GSI; "Parties" shall
mean both of them.

         2.17. "RELATED" - Related company or companies shall mean any legal
entity which holds directly or indirectly more than 50% of the issued share
capital or capital stock of GSI or TSA, or of which GSI or TSA holds directly or
indirectly more than 50% of the issued share capital or capital stock, in any
event not to include TSA.com. An entity shall be deemed to hold shares
indirectly if the shares are held by another entity that is majority controlled,
either directly or through other majority controlled entities, by such first
mentioned entity.

         2.18. "SHAREHOLDER(S)" - The shareholder(s) of TSA.com.

         2.19. "SUBSIDIARY" - Any company owned or controlled by GSI or by TSA.

         2.20. "TSA COMPETITOR" shall mean: (a) any person, firm or corporation
or other entity (other than TSA and its retailing Subsidiaries) which either
directly or indirectly derives twenty percent (20%) or more of its revenues from
the sales or distribution of sporting goods, athletic apparel, athletic footwear
or related goods and services, whether operating from stores located in the
U.S., Canada or Japan or any other nation in which the predominant language is
English, whether by mail order, home shopping through audio or video
programming, over the Internet or otherwise; and (b) any retailing entity which
would clearly be regarded as a competitor of TSA by the U.S. Department of
Justice under federal antitrust and competition laws and regulations.

         2.21. "TSA SITE" shall mean that certain Internet site currently
accessible through the URL "http://www.thesportsauthority.com," and any backup
or mirror Internet site operated by

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<PAGE>

TSA.com; it being understood that the TSA Site shall be primarily targeted by
TSA.com at Customers, and NOT at persons, entities or activities otherwise
described in Article 2.6 of the License Agreement. TSA.com agrees that the TSA
Site shall not be used by TSA.com to furnish, sell, advertise or promote the
goods or services of any TSA Competitor.

         2.22. "TSA STORES" shall mean any sporting goods retail store
established and/or operated by Retailer or Retailer"s retailing subsidiaries
devoted to the sale of a broad assortment of sporting goods and equipment,
footwear and apparel and related goods and to provision of the related services.

                                   SECTION III

                FORMATION AND CAPITALIZATION OF THE JOINT VENTURE

         3.1. INDEPENDENT ENTITIES. It is the intention of GSI and TSA that
TSA.com and any Subsidiary of TSA.com shall (i) be autonomous and independent
business organizations; (ii) have their own personnel, except as otherwise
contemplated herein or by the E-Commerce Services Agreement, and (iii) not
require any loans or guarantees from TSA.

         3.2. ORGANIZATION OF TSA.COM. As soon as possible after the execution
of this Agreement, GSI shall cause TSA.com to be duly organized under the laws
of the State of Delaware. The initial registered office of TSA.com shall be
located at such location as may be determined mutually by the Parties. The text
of the Certificate of Incorporation and the Bylaws of TSA.com shall be subject
to the prior approval of both of the Parties.

         3.3. INITIAL CAPITAL CONTRIBUTIONS. The Certificate of Incorporation of
TSA.com shall authorize the issuance of up to 16,000 shares of common stock,
$.01 par value per share, and no other class of equity securities. Upon
organization of TSA.com, the Parties agree to cause TSA.com to issue and sell to
(i) GSI 8,001 shares of TSA.com common stock for the aggregate cash purchase
price of $[*] and (ii) TSA 1,999 shares of TSA.com common stock for the
aggregate cash purchase price of $[*].

         3.4. ADDITIONAL FUNDING.

              (a) GSI shall loan TSA.com all additional funding hereafter
required by TSA.com. Such loans shall bear interest at the [*], but not in
excess of [*] (the "GSI Rate"). In the alternative, GSI may support borrowing
directly by TSA.com by providing (without additional compensation other than
reimbursement of any letter of credit fees) letters of credit or guarantees to
enhance TSA.com"s creditworthiness to permit TSA.com to borrow at the GSI Rate.
All

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<PAGE>

additional funding as used herein shall include but not be limited to all
amounts for corporate overhead, purchase or lease of property, inventory and
working capital needs in connection therewith, and any shortfall that may be
required pursuant to Section 6.3 of the E-Commerce Agreement. In the event of a
breach of this Section 3.4(a), GSI shall have the right to cure such breach
within 30 days of receipt of written notice of breach from TSA.

              (b) GSI agrees to fund TSA.com in the manner provided in Section
3.4(a) in an amount not less than [*] during the period from the date hereof
through November 1, 1999. In the event of a breach of this Section 3.4(b), GSI
shall have the right to cure such breach within 30 days of receipt of written
notice of breach from TSA.

              (c) GSI agrees to cause TSA.com to spend, prior to December 31,
2007, not less than [*] in excess of the amount of Advertising Co-op and
Discretionary Funds spent by TSA.com for advertising of TSA"s Site, of which at
least [*] shall be spent by December 31, 2001 and the balance remaining will be
spent at the rate of at least [*] per Fiscal Year until all [*] is spent. In the
event of a breach of this Section 3.4(c), GSI shall have the right to cure such
breach within 30 days of receipt of written notice of breach from TSA.

              (d) A breach of Sections 3.4(c) may be cured by delivering to TSA
the required amounts not spent on condition that TSA spend such amounts for
advertising of TSA"s Site in such manner as TSA shall determine.

              (e) The Parties shall not permit TSA.com to incur any indebtedness
for borrowed money except in accordance with Section 3.4(a).

         3.5 TSA OPTION. The parties agree to cause TSA to have the right and
option, on and after May 9, 2002 (or immediately prior to an initial public
offering of shares of TSA.com common stock, if such offering occurs prior to May
9, 2002), to purchase from TSA.com shares of TSA.com common stock in the number
which after purchase would cause TSA to own up to 49.9% of the outstanding
shares of TSA.com common stock. Such "49.9%" is based on 16,000 authorized
shares of common stock, and the parties agree that so long as there are 16,000
shares authorized TSA"s ownership pursuant to Sections 3.3, 3.5 and 3.6 hereof
shall never exceed 7.999 shares unless the parties otherwise mutually agree. The
purchase price shall be payable to TSA.com in cash at closing and shall be equal
to the lesser of (i) the aggregate amount equal to the percentage of TSA.com
shares to be purchased (giving effect to such purchase) multiplied times an
amount equal to [*] times the [*] as of the month end immediately prior to the
closing of such purchase, as determined in accordance with GAAP, or (ii) [*]. In
the event that such stockholders equity shall be positive, then such aggregate
purchase price shall be [*]. The option set forth in this Section 3.5 shall
expire upon an initial public offering of TSA.com common stock.

         3.6 EARN IN.

                                       5
<PAGE>

              (a) The Parties agree that provided that TSA.com"s Gross Sales in
the first full fiscal year exceed [*], TSA.com shall issue and deliver to TSA
upon TSA"s demand therefor, [*] shares of TSA.com common stock.

              (b) The Parties further agree that TSA.com shall issue and deliver
shares of TSA.com common stock to TSA in the following amounts promptly upon the
achievement of either the Land Based Goal or the E-Commerce Goal for the year
indicated.

                                       6
<PAGE>
                Land Based      E-Commerce     Number of
         Year      Goal            Goal         Shares

         2000      $[*]            N/A           [*]

         2001      $[*]            $[*]          [*]

         2002      $[*]            $[*]          [*]

         2003      $[*]            $[*]          [*]

         "Land Based Goal" shall mean gross revenues of TSA for TSA"s fiscal
year.

         "E-Commerce Goal" shall mean TSA.com"s operating income (excluding
extraordinary items) for the Fiscal Year as determined in accordance with GAAP.

         In the event the goals set forth in Sections 3.6(a) or 3.6(b) for a
prior year or years are not achieved, but a goal for a subsequent year is
achieved, then TSA shall receive all shares specified above in Sections 3.6(a)
or 3.6(b) for the prior year or years.

         The provisions of this Section 3.6 shall terminate upon TSA"s exercise
of the option set forth in Section 3.5 hereof.

         3.7 WARRANT. In consideration of TSA entering into this Agreement, GSI
shall cause Global Sports, Inc., a Delaware corporation ("Global"), to issue and
deliver to TSA a Warrant to purchase shares of Global common stock in the amount
and with the terms and conditions set forth on EXHIBIT "D" hereto.

                                   SECTION IV

                      MANAGEMENT AND OPERATIONS OF TSA.COM;
                                VOTING PROCEDURES

         4.1. MANAGEMENT OF TSA.COM.

              (a) BOARD OF DIRECTORS. The Board of Directors shall consist of
five persons. The Parties agree to elect to the Board of Directors three persons
designated by GSI from time to time and two persons designated by TSA from time
to time. Each Party may remove the persons appointed by such Party as a Director
at any time. The Parties agree that a quorum for a Board of Directors meeting
shall exist only if at least three directors are present and if at least one of
the directors present is a designee of TSA. The initial directors designated by
each Party shall be as set forth on EXHIBIT "E."

                                       7
<PAGE>

              (b) MEETINGS. The Parties agree that the Bylaws of TSA.com shall
provide that (i) meetings of the Board of Directors can be called upon five
Business Days" written notice by the Chairman of the Board, the President or any
two Directors and (ii) meetings of shareholders can be called by any shareholder
upon 10 days" written notice.

         4.2. MANAGEMENT OF SUBSIDIARIES. The Board of Directors of any
Subsidiary of TSA.com shall consist at all times of the same persons as are the
members of the Board of Directors of TSA.com.

         4.3. TRANSACTIONS WITH GSI OR TSA. The Parties agree that TSA.com and
any Subsidiaries of TSA.com shall be operated as independent businesses and that
any transaction between or among TSA.com or any Subsidiary of TSA.com, on the
one hand, and GSI or TSA or any of their Related companies, on the other hand,
shall be on an arms-length basis (except as otherwise provided in the Operative
Documents). Any sales or purchases of materials, products or services to or from
TSA.com or any Subsidiary by GSI or TSA or any of their Related companies shall
be competitive with alternative sources of equivalent materials, products or
services in terms of price, design, performance, quality, technology and
delivery (except as otherwise provided in the Operative Documents).

         4.4. INSURANCE. The Parties shall cause TSA.com to maintain at all
times during the term of this Agreement an amount of coverage, consistent with
good business practices in the United States and sufficient at all times to the
obligations of the Parties under the Operative Documents, including, without
limitation, comprehensive general liability insurance, including products and
completed operations and contractual liability coverage, naming TSA and GSI and
their respective Subsidiary and Related companies as additional insureds. Each
policy of insurance purchased by TSA.com pursuant to the preceding sentence
shall (i) be placed with a reputable insurance company acceptable to the Board
of Directors, (ii) either have a self-insurance retention or a deductible in
amounts consistent with good business practices, as such amount may be
determined by the Board of Directors, and (iii) contain other terms acceptable
to the Board of Directors.

         4.5. ACTIONS BY SHAREHOLDERS/VOTING PROCEDURE. Any action of TSA.com or
any Subsidiary with respect to any decision or process requiring the approval of
the Shareholders shall require the unanimous vote of the shareholders.

         4.6. ACTIONS BY BOARD OF DIRECTORS. Any action of TSA.com or any
Subsidiary with respect to any decision or process requiring the approval of the
Directors shall require the affirmative vote of a majority of the Directors
present at a Board meeting except the following actions, which shall require the
affirmative vote of at least four Directors:

              (i) Any amendment to the Bylaws.

                                       8
<PAGE>

              (ii) The sale or issuance of any shares of common stock,
securities convertible in shares of common stock or options or rights to acquire
any shares of common stock, other than as provided in Section 3 of this
Agreement.

              (iii) The declaration of any dividend or distribution to
shareholders.

                                    SECTION V

                                 DIVIDEND POLICY

         The Parties agree not to permit TSA.com to declare and pay any
dividends until such time as the indebtedness payable to GSI referred to in
Section 3.4 hereof shall have been paid in full, unless the Parties shall
otherwise agree in writing.

                                   SECTION VI

             E-COMMERCE, E-COMMERCE SERVICES AND LICENSE AGREEMENTS

         The Parties agree to enter into the E-Commerce Agreement, the
E-Commerce Services Agreement and the License Agreement substantially in the
form attached hereto. The parties agree that none of such agreements, in the
form executed by the parties thereto, may be amended without the prior written
consent of both of the Parties. The Parties agree that TSA.com shall not enter
into any agreement with either of the Parties or any of their Affiliates without
the prior written consent of both of the Parties.

                                   SECTION VII

                      ACCOUNTING MATTERS, BOOKS AND RECORDS

         7.1. FISCAL YEAR. The fiscal year of each of TSA.com and any Subsidiary
of TSA.com shall end on December 31 of each year.

         7.2. RIGHT OF INSPECTION. The accounting books, records and accounts of
TSA.com and each Subsidiary shall at all times be open to inspection by duly
authorized representatives of GSI and/or TSA during regular business hours.

         7.3. BOOKS AND RECORDS. The accounting books, records and accounts of
TSA.com and Subsidiary shall be kept in accordance with GAAP at the principal
place of business of TSA.com and shall be audited by TSA.com"s external auditor
at the expense of TSA.com or the appropriate Subsidiary of TSA.com, as
applicable. The Parties agree to mutually nominate and approve

                                       9
<PAGE>

Deloitte Touche as the initial external auditor and to nominate and approve any
replacement external auditor thereafter.

                                  SECTION VIII

                             RESTRICTION ON TRANSFER

         8.1. GENERAL RESTRICTION. Except with the prior written consent of the
other Party, neither Party shall, directly or indirectly, sell, assign, give or
otherwise dispose of, any shares of common stock of TSA.com owned by it in any
manner except (i) as provided in Section 8.3 hereof or (ii) as provided in
Section 8.6 hereof. Neither Party shall pledge or otherwise grant a security
interest in the shares of TSA.com common stock owned by it without the prior
written consent of the other Party.

         8.2. INTEREST COVERED BY AGREEMENT. Section 8.1 hereof shall be
applicable to any shares of TSA.com common stock owned by a Party, whether now
owned or hereafter acquired by whatever means, including, but not limited to,
interests acquired by purchase, share dividend or received through any
recapitalization or reorganization of TSA.com.

         8.3. TRANSFERS TO WHOLLY OWNED SUBSIDIARIES. Notwithstanding anything
in this Agreement to the contrary, (a) TSA may, from time to time, transfer all
(but not less than all) of its TSA.com common stock to any Subsidiary of TSA,
and (b) GSI may, from time to time, transfer all (but not less than all) of its
TSA.com common stock to any Subsidiary of GSI (each of the foregoing transfers
in this paragraph is hereinafter referred to as a "Permitted Transfer" and each
Subsidiary referred to as a "Transferee"); PROVIDED, HOWEVER, that (i) the
Transferee shall continue to be a Subsidiary of TSA or GSI, as the case may be,
(ii) the Transferee shall enter into a joinder agreement to be bound by all of
the terms and conditions of this Agreement in the same manner as is applicable
to its transferor hereunder, (iii) GSI or TSA, as the case may be, shall
continue to be bound by all of the terms and conditions of this Agreement, (iv)
the Party effecting a Permitted Transfer shall provide notice of such Transfer
to the other Party within 10 Business Days following such Permitted Transfer,
together with the written joinder from the Transferee and (v) if any Transferee
subsequently ceases to be a Subsidiary of TSA or GSI, as the case may be, TSA or
GSI, as the case may be, shall cause such common stock to be transferred back to
TSA or GSI or to any other Subsidiary of TSA or GSI prior to the Transferee
ceasing to be a Subsidiary of TSA or GSI.

         8.4. IMPERMISSIBLE TRANSFERS VOID. Any attempted sale, transfer or
disposition of TSA.com common stock made in violation of this Agreement shall be
null and void. The transferee of such interest shall not be entitled to be
registered as a shareholder of TSA.com and shall not be entitled to vote such
interest or receive dividends thereon.

                                       10
<PAGE>

         8.5. LEGEND ON SHARES. The following legend shall be placed on all
certificates representing TSA.com common stock:

              THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT
              OF 1933 (THE "SECURITIES ACT") OR UNDER APPLICABLE STATE
              SECURITIES LAWS AND MAY NOT BE SOLD, TRANSFERRED OR OTHERWISE
              DISPOSED OF UNLESS REGISTERED UNDER THE SECURITIES ACT AND ANY
              APPLICABLE STATE SECURITIES LAWS OR PURSUANT TO AVAILABLE
              EXEMPTIONS FROM SUCH REGISTRATION, PROVIDED THAT THE SELLER
              DELIVERS TO THE COMPANY AN OPINION OF COUNSEL REASONABLY
              SATISFACTORY TO THE COMPANY CONFIRMING THE AVAILABILITY OF SUCH
              EXEMPTION.

              THESE SECURITIES ARE SUBJECT TO CERTAIN RIGHTS AND OPTIONS
              RESTRICTING TRANSFERABILITY PURSUANT TO A CERTAIN JOINT VENTURE
              AGREEMENT DATED MAY 9, 1999, A COPY OF WHICH IS AVAILABLE FROM THE
              SECRETARY OF THE COMPANY.

         8.6. PROVISIONS RELATING TO TRANSFERS TO PERSONS OR ENTITIES OTHER THAN
TO WHOLLY OWNED SUBSIDIARIES.

              (a) GENERAL. After May 9, 2004, a Party may sell all, but not less
than all, of its TSA.com common stock only in accordance with this Section 8.6.

              (b) NEGOTIATIONS; NOTICE OF PROPOSED SALE. A Party (the
"Transferring Party") who desires to sell all of its TSA.com common stock, other
than a Permitted Transfer, shall first give written notice to the other Party
the "Other Party") of its intentions, and negotiate in good faith with the Other
Party with respect to a sale of its TSA.com common stock. If a written
definitive agreement with respect to a sale is not reached within 60 days after
the date on which notice is given by the Transferring Party, the Transferring
Party may negotiate with third parties with respect to the sale of all but not
less than all of its TSA.com common stock, subject to the right of first refusal
of the Other Party set forth below. If the Transferring Party receives a bona
fide written offer from a third party to purchase its TSA.com common stock, the
Transferring Party shall serve notice (the "Transfer Notice") on the Other
Party. The Transfer Notice shall state that the Transferring Party has received
a bona fide written offer to purchase all of its TSA.com common stock from a
financially responsible third party, the consideration proposed to be paid for
the TSA.com common stock, any additional material terms or conditions of such
offer and the name and address of the prospective purchaser (the "Third Party").

              (c) OPTION TO PURCHASE.

                                       11
<PAGE>

                  (1) Upon receipt of the Transfer Notice, the Other Party shall
have the option to purchase all, but not less than all, of the TSA.com common
stock owned by the Transferring Party. The Other Party may purchase such common
stock for the same consideration described in the Transfer Notice (or, to the
extent the consideration consists of securities, for the equivalent cash market
value of such securities) and in accordance with any other material terms or
conditions described in the Transfer Notice.

                  (2) If the Other Party elects to exercise its option to
purchase the TSA.com common stock, it shall do so by notifying the Transferring
Party of such election within 30 days after receipt of the Transfer Notice from
such Party. After such 30-day period, the Other Party"s option shall expire.

                  (3) In the event of any purchase and sale of TSA.com common
stock pursuant to this paragraph (c), the closing of such purchase and sale
shall be held within 90 days after the date on which notice of exercise of an
option is given by the Other Party to the Transferring Party.

              (d) LAPSE OF OPTIONS. If the option specified in Section 8.6(c)
hereof shall expire without exercise thereof, the Transferring Party shall be
entitled to make the proposed sale of its TSA.com common stock to the Third
Party for the consideration and in accordance with any other material terms or
conditions described in the Transfer Notice, provided that the Third Party
agrees, in form and substance reasonably satisfactory to the Other Party, to be
bound by the provisions of this Agreement to the same extent as if such Third
Party were originally a party hereto. If the sale of the Transferring Party"s
TSA.com common stock is not completed within 90 days of the date of the
expiration of the option set forth in Section 8.6(c) above, then such TSA.com
common stock shall again become subject to the options of this Section 8.6.

              (e) DELIVERY OF CERTIFICATES. At the closing of any sale of
TSA.com common stock pursuant to this Agreement, the Transferring Party shall
deliver to the Transferee the certificate(s) for such TSA.com common stock. The
shares being transferred shall be transferred free and clear of any lien or
encumbrance, except for the provisions of this Section 8.6.

         8.7 PUBLIC OFFERINGS. Upon the closing of an underwritten public
offering by TSA.com of its common stock registered under the Securities Act of
1933, this Section 8 shall automatically terminate and be of no further force
and effect.

                                       12
<PAGE>

                                   SECTION IX

                              TERM AND TERMINATION

         9.1. TERM. This Agreement shall terminate upon 90 days" prior notice
given by one Party to the other Party on and after December 31, 2014. Such 90
day period shall be extended until the occurrence of a purchase by one of the
Parties pursuant to Section 9.3, if such purchase shall not have been completed
within such 90 day period, or the expiration of the right of each Party to elect
to make a purchase pursuant to Section 9.3.

         9.2. TERMINATION. This Agreement may be terminated prior to December
31, 2014 in accordance with Section 9.4, as follows:

              (a) By either Party if the other Party shall materially default in
the performance of any of the covenants, terms and conditions of this Agreement
and shall fail to cure such default within 60 days after receipt of notice in
writing from the terminating Party of such default, giving reasonable
particulars of such default and of the intention of the Party serving the notice
to terminate this Agreement unless such default is cured; PROVIDED, HOWEVER,
that if such default cannot reasonably be cured within 60 days, no termination
shall occur so long as the Party against which default has been declared
continues to use its best efforts to cure such default and in fact cures such
default within 90 days of receipt of such notice.

              (b) By either Party if the other Party shall be judicially
declared bankrupt or insolvent, make an assignment for the benefit of, or enter
into a compromise with, its creditors; initiate bankruptcy or insolvency
proceedings of any kind or proceedings for the appointment of a receiver,
manager, judicial manager or similar official with respect to it or any of its
assets or become a party to dissolution proceedings; PROVIDED, HOWEVER, that no
termination shall occur if any such action is stayed, dismissed or reversed
within 60 days of the initiation of such action and the other Party provides
satisfactory evidence of the same within such period and in fact cures such
default within 90 days of receipt of such notice.

              (c) TSA shall have the right to terminate this Agreement in the
event that total revenues from all sources from the TSA Site by TSA.com for the
Fiscal Year ended December 31, 2003 shall be less than [*]. In order to exercise
such right to terminate this Agreement, TSA shall give GSI written notice of
termination during the period commencing January 1, 2004 and ending 30 days
after final TSA.com financial statements for the year ended December 31, 2003
are delivered to TSA. The Parties agree to cause such financial statements to be
prepared and delivered to TSA prior to March 15, 2004.

              (d) TSA shall have the right to terminate this Agreement in the
event that TSA.com shall not achieve positive operating income for the Fiscal
Year ended December 31, 2005, excluding extraordinary items of income or
expense, as determined in accordance with GAAP. In order to exercise such option
to terminate this Agreement, TSA shall give GSI written notice of termination
during the period commencing January 1, 2006 and ending 30 days after final
TSA.com financial statements for the Fiscal Year ended December 31, 2005 are
delivered to TSA. The Parties agree to cause such financial statements to be
prepared and delivered to TSA prior to March 15, 2006.

                                       13
<PAGE>

              (e) TSA shall have the option to terminate this Agreement in the
event that (i) either TSA.com"s operating income, excluding extraordinary items
of income or expense, for the Fiscal Year ended December 31, 2009 shall be less
than [*]% of TSA.com"s Gross Sales for the Fiscal Year ended December 31, 2009,
or (ii) TSA.com"s Gross Sales for the Fiscal Year ended December 31, 2009, as
determined in accordance with GAAP, shall be less than [*]. In order to exercise
such option to terminate this Agreement, TSA shall give GSI written notice of
termination during the period commencing January 1, 2010 and ending 30 days
after final TSA.com financial statements for the Fiscal Year ended December 31,
2009 are delivered to TSA. The Parties agree to cause such financial statements
to be prepared and delivered to TSA prior to February 15, 2010.

              (f) TSA shall have the option to terminate this Agreement in the
event that the Launch Date (as defined in the E-Commerce Agreement) has not
occurred on before November 1, 1999, provided that TSA.com shall have until
December 1, 1999 to cure such default. In order to exercise such right, TSA
shall give GSI written notice of termination prior to January 31, 2000.

              (g) TSA shall have the right to terminate this Agreement in the
event that Michael G. Rubin is not a full-time active employee of one of Global,
GSI or TSA.com for any reason prior to January 1, 2001. In order to exercise
such option to terminate this Agreement, TSA shall give GSI written notice of
termination within 60 days of the date on which Michael G. Rubin is not such an
employee.

              (h) TSA shall have the right to terminate this Agreement in the
event that the shareholders equity of Global, as determined in accordance with
GAAP, as of December 31, 1999, is less than [*]. In order to exercise such
option to terminate this Agreement, TSA shall give GSI written notice of
termination within 60 days of the date Global first publishes financial
statements as of December 31, 1999.

              (i) TSA shall have the right to terminate this Agreement in the
event that GSI breaches any of the provisions of Sections 3.4(b), (c) or (d)
hereof, or Section 5.1 of the E-Commerce Services Agreement.

              (j) TSA shall have the right to terminate this Agreement in the
event TSA gives notice of termination of the License Agreement or the E-Commerce
Agreement or if TSA.com gives notice of termination of the E-Commerce Services
Agreement provided that termination of this Agreement shall not be effective
unless and until such other agreement is terminated pursuant to its terms.

              (k) GSI shall have the right to terminate this Agreement if the
event TSA.com gives notice of termination of the License Agreement or the
E-Commerce Agreement provided that termination of this Agreement shall not be
effective unless and until such other agreement is terminated pursuant to its
terms.

                                       14
<PAGE>

         9.3. EFFECT OF TERMINATION AFTER 2014. Upon termination of this
Agreement by written notice given after December 31, 2014 by either Party in
accordance with Section 9.1 hereof, hereof, either Party shall have the right to
cause a Valuation by giving written notice to the other within 30 days after the
date on which notice of termination is given. If neither Party elects to cause a
Valuation, then the option contained in this Section 9.3 shall terminate. If
either Party elects to cause a Valuation, TSA shall have the right (but not the
obligation) to purchase all (but not less than all) of the TSA.com common stock
then owned or held by GSI or any of its Subsidiaries by giving written notice to
GSI within 20 days after the date of determination of Fair Market Value. In the
event that TSA shall fail to exercise such right, GSI shall have the right (but
not the obligation) to purchase all (but not less than all) of the TSA.com
common stock then owned or held by TSA or any of its Subsidiaries by giving
written notice to TSA within 40 days after the date of determination of Fair
Market Value. The price that the purchaser (the "Purchaser") shall pay for the
TSA.com common stock owned by the other Party or any of its Subsidiaries (the
"Seller"), in the event that the Purchaser elects to exercise the right to
purchase the TSA.com common stock of the Seller under this Section 9.3, shall be
the Fair Market Value of the TSA.com common stock owned by the Seller as of the
date notice of termination is given, determined in accordance with the
Valuation. The purchase price of the TSA.com common stock purchased under this
Section 9.3 must be paid in immediately available funds through a transfer of
funds to a banking account to be designated at that time by the Seller to the
Purchaser. The closing of any purchase and sale of TSA.com common stock under
this Section 9.3 shall be completed within 20 days after the Purchaser gives the
Seller notice of its election to purchase hereunder. As a condition of closing,
the Seller shall deliver to the Purchaser or its nominees the certificate for
the TSA.com common stock. The TSA.com common stock so delivered shall be duly
endorsed and free and clear of any lien or encumbrance of any nature whatsoever.

         9.4. EFFECT OF TERMINATION UNDER SECTION 9.2.

              (a) Upon termination in accordance with Section 9.2 hereof, the
Party exercising the right of termination (the "Terminating Party") shall have
the right to cause a Valuation by giving written notice to the other Party
contemporaneously with the notice of termination, in which event the date of
termination shall not occur until the occurrence of a purchase by the
Terminating Party pursuant to this Section 9.4 or the expiration of the
Terminating Party"s right to make a purchase hereunder. If the Terminating Party
does not cause a Valuation, then the option contained in this Section 9.4 shall
terminate. If the Terminating Party elects to cause a Valuation and in addition
to any other remedy as may be provided for in this Agreement or by law, the
Terminating Party shall have the right but not the obligation to purchase all
(but not less than all) of the TSA.com common stock then owned by the other
party or any of its Subsidiaries by giving written notice to the other Party
within 20 days of the date of determination of Fair Market Value. The price that
the Terminating Party shall pay for the TSA.com common stock owned by the other
Party or any of its Subsidiaries shall be 50% of the Fair Market Value of the
TSA.com common stock owned by the other Party as of the date notice of
termination is given, determined in

                                       15
<PAGE>

accordance with the Valuation. The purchase price of the TSA.com common stock
purchased must be paid in immediately available funds through a transfer of
funds to a banking account to be designated at that time by the seller to the
purchaser. The closing of any purchase of TSA.com common stock by the
Terminating Party shall be completed within 20 days after the Terminating Party
gives the other Party notice of its election to purchase hereunder. As a
condition of closing, the seller shall deliver to the purchaser or its nominees
the certificate for the TSA.com common stock. The TSA.com common stock so
delivered shall be duly endorsed and free and clear of any lien or encumbrance
of any nature whatsoever.

              (b) In the event that the Terminating Party elects to cause a
Valuation pursuant to Section 9.4(a) and TSA.com common stock is not so
purchased by the Terminating Party pursuant to Section 9.4(a), the other Party
shall have the right (but not the obligation) to require the Terminating Party
to purchase all (but not less than all) of the TSA.com common stock then owned
or held by the other Party or any of its Subsidiaries by giving written notice
to the Terminating Party within 40 days after the date of Valuation. The
purchase price for the TSA.com common stock under this Section 9.4(b), shall be
50% of the Fair Market Value of the TSA.com common stock owned by the other
Party as of the date notice of termination is given, determined in accordance
with the Valuation. The purchase price must be paid in immediately available
funds through a transfer of funds to a banking account to be designated at that
time by the seller to the purchaser. The closing of any purchase of TSA.com
common stock under this Section 9.4(b) shall be completed within 20 days after
the other Party gives the Terminating Party notice of its election to require
the Terminating Party to purchase hereunder. As a condition of closing, the
seller shall deliver to the purchaser or its nominee the certificate for the
TSA.com common stock. The TSA.com common stock so delivered shall be duly
endorsed and free and clear of any lien or encumbrance of any nature whatsoever.

         9.5. DEFINITIONS. For the purposes of this Section 9, the following
terms shall have the meanings ascribed to them below.

         "Fair Market Value" of the TSA.com common stock held by the Seller
means (A) the value of the TSA.com common stock, considering TSA.com as a going
concern being sold as an entirety, taking into account net worth, past, present
and prospective earnings and cash flow, market conditions and prices paid in
previous acquisitions of similar businesses and specific valuations given to
Internet-related business, multiplied by (B) the percentage of the TSA.com
common stock held by the Seller.

         "Valuation" means the following procedure to determine Fair Market
Value: GSI and TSA shall each select an Investment Banker, each at its own
expense, within a 20-day calendar period following the date on which a Party
notified the other Party of its intent to exercise the right to cause a
Valuation under Section 9.3 or 9.4. The Fair Market Value shall be the average
obtained by dividing the sum of the Fair Market Value determined by the two
Investment Bankers by two, provided the higher of the two determinations is not
greater than 10% of the lesser of the two. In the event that such difference is
greater than 10%, the two Investment Bankers shall choose a third

                                       16
<PAGE>

Investment Banker. The third Investment Banker shall then select which of the
Fair Market Values previously determined by the first two Investment Bankers it
believes is more accurate. The selection of the third Investment Banker shall be
the Fair Market Value and shall be conclusive and binding on both parties. Each
Investment Banker shall make its determination as to the Fair Market Value
within a period of 30 days from the date of its selection.

         The Parties shall cause TSA.com to disclose and make available to the
Investment Bankers selected pursuant to this Section 9.5 all of the information
regarding the operations and financial condition of TSA.com and its Subsidiaries
as may be requested by such Investment Bankers in order to conduct and conclude
their Valuations as set forth herein.

         9.6 DISSOLUTION. In the event that the TSA.com common stock is not
purchased in accordance with either Section 9.3 or 9.4, the Parties agree to
promptly dissolve TSA.com and distribute its net assets in accordance with
Delaware law.

         9.7. SURVIVAL. The termination of this Agreement for any reason shall
not release either Party from its liability to pay any sums of money accrued,
due and payable to the other Party or to discharge its then-accrued and unfilled
obligations. Sections 9 and 10 shall survive any termination of this Agreement.

                                    SECTION X

                           CONFIDENTIALITY PROVISIONS

         10.1. GENERAL CONFIDENTIALITY PROVISIONS/PUBLIC DISCLOSURE. Except as
may be mutually agreed in writing between the Parties or as a Party may
reasonably determine to be required or appropriate to comply with stock
exchanges or securities laws, neither GSI nor TSA shall, nor shall either of
them permit any of its Related companies, during the term of this Agreement or
any time thereafter, to: (i) disclose to third parties the terms and conditions
of this Agreement or the other Operative Documents, except to those of its
Related companies, attorneys, accountants and other consultants who need to know
the information for the purposes of operating TSA.com and carrying out
transactions related thereto; or (ii) disclose to third parties (i.e. persons or
entities other than TSA or GSI), any confidential or proprietary information
obtained from the other Party or any Affiliate Company of the other Party.

                                   SECTION XI

                              ADDITIONAL COVENANTS

         11.1. PRESS RELEASES. All voluntary public announcements concerning the
transactions contemplated by this Agreement shall be mutually acceptable to both
GSI and TSA. Unless

                                       17
<PAGE>

required by law, neither GSI on the one hand, and TSA on the other hand, shall
make any public announcement or issue any press release concerning the
transactions contemplated by this Agreement without the prior written consent of
GSI or TSA, respectively.

         11.2. EXCLUSIVE.

              (a) During the term of this Agreement (i) TSA and its Subsidiaries
agree not to engage in the E-Commerce Business except as permitted under Section
2.6(a) of the License Agreement and (ii) GSI agrees not to engage in and TSA.com
shall not engage in the sale of goods over the Internet as a shareholder,
partner or investor in any corporation, partnership, limited liability company
or other entity or venture which generates in excess of 20% of its revenues from
the sale of sporting goods, athletic footwear and athletic apparel (other than
with TJX Companies, Inc., Ross Stores, Inc. and any other such party which does
not engage in the sale of sporting goods, athletic footwear and athletic apparel
in the United States, Canada, Japan, any other nation in which the predominant
language is English or any other nation in which TSA, any of its Subsidiaries or
any corporation, LLC or other entity or venture in which TSA has more than a 19%
interest engages in the sale of sporting goods, athletic footwear and athletic
apparel or has announced its intention to commence doing so within six months
and in fact does so) (the foregoing shall not prevent GSI from entering into
additional e-commerce services or e-commerce license agreement with other
retailers of sporting goods, athletic footwear or athletic apparel, but GSI may
not launch any web site for such retailers or provide any other e-commerce
services prior to January 1, 2000).

              (b) Until January 1, 2000, GSI agrees to devote all of its
e-commerce related activities to developing the TSA Site and the sites of other
retailers which have executed e-commerce services agreements with GSI prior to
the date of this Agreement (except that GSI may enter into additional e-commerce
services or e-commerce license agreement with other retailers of sporting goods,
athletic footwear or athletic apparel, but GSI may not launch any web site for
such retailers or provide any other e-commerce services prior to January 1,
2000).

         11.3. EXPENSES. Except as otherwise provided herein, each Party shall
bear its own expenses in connection with the transactions contemplated hereby.

         11.4. CHOICE OF LAW. This Agreement shall be construed, interpreted and
enforced under and in accordance with the internal laws of the State of
Delaware.

         11.5. WAIVER OF JURY TRIAL. EACH OF TSA AND GSI DO HEREBY KNOWINGLY,
VOLUNTARILY, INTENTIONALLY AND IRREVOCABLY WAIVE SUCH RIGHT ANY PARTY MAY HAVE
TO A JURY TRIAL IN EVERY JURISDICTION IN ANY ACTION, PROCEEDING OR COUNTERCLAIM
BROUGHT BY EITHER OF THE PARTIES AGAINST THE OTHER PARTY OR ITS RESPECTIVE
AFFILIATES, SUCCESSORS OR ASSIGNS, IN RESPECT OF ANY MATTER ARISING OUT OF OR IN
CONNECTION WITH THIS AGREEMENT, ANY OTHER OPERATIVE DOCUMENT OR ANY OTHER

                                       18
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DOCUMENTS EXECUTED AND DELIVERED BY ANY PARTY IN CONNECTION THEREWITH
(INCLUDING, WITHOUT LIMITATION, ANY ACTION TO RESCIND OR CANCEL THIS AGREEMENT,
AND ANY CLAIMS OR DEFENSES ASSERTING THAT THIS AGREEMENT WAS FRAUDULENTLY
INDUCED OR OTHERWISE VOID OR VOIDABLE).

         11.6. NOTICES.

              (a) Any notice or request with respect to this Agreement shall be
in writing and shall be delivered personally, by facsimile transmission, or by
overnight express courier, in each such case directed by each Party to the
other, with evidence of transmission, to its respective addresses as follows:

                  if to GSI:     Global Sports Interactive, Inc.
                                 555 South Henderson Road
                                 King of Prussia, Pennsylvania  19406
                                 Attention:     President
                                 Fax No.: 610-354-9088

                  copy to:       David S. Mandel, Esq.
                                 Astor Weiss Kaplan & Rosenblum, LLP
                                 The Bellevue
                                 Broad & Walnut Streets
                                 6th Floor
                                 Philadelphia, Pennsylvania  19102
                                 Fax No.: 215-790-0509

                  if to TSA:     The Sports Authority, Inc.
                                 3383 North State Road 7
                                 Fort Lauderdale, Florida 33319
                                 Attention:     Alex Stanton,
                                                Senior Vice President,
                                                Business Development
                                 Fax No.: 954-677-6094

                  copies to:     The Sports Authority, Inc.
                                 3383 North State Road 7
                                 Fort Lauderdale, Florida 33319
                                 Attention: General Counsel
                                 Fax No.:       954-730-4288

                                 The Sports Authority Michigan, Inc.
                                 306 S. Washington, Suite 224
                                 Royal Oak, Michigan 48067
                                 Attention:     Senior Vice President and
                                                General Counsel
                                 Fax No.: 248-414-9993

                                       19
<PAGE>

              (b) Any notice or request shall be deemed to be given when
actually received. Either Party, by written notice to the other Party, may
change the address to which notices or requests shall be directed.

         11.7. SUCCESSORS. This Agreement shall inure to the benefit of and be
binding upon each of the Parties and their respective permitted successors and
assigns, but neither the rights nor the obligations of either Party hereunder
may be voluntarily assigned, in whole or in part, without the prior written
consent of the other Party.

         11.8. SEVERABILITY; CONFLICT WITH ORGANIZATIONAL DOCUMENTS. If any term
or provision of this Agreement is held to be unenforceable or in conflict with
any law or regulation of any kind, either by arbitration as provided herein or
by court of competent jurisdiction, then this Agreement, except for such part or
parts thereof, shall continue to be in full force and effect; PROVIDED, HOWEVER,
that such remaining terms and provisions of this Agreement shall be construed to
reflect the original intent of the Parties and remain as a workable instrument
for the purposes of carrying out the original intentions of the Parties. In the
event of any conflict between the provisions of this Agreement and the
organizational documents of TSA.com, the provisions of this Agreement shall
prevail.

         11.9. ENTIRE AGREEMENT. The Operative Documents constitute the complete
and final agreement between the Parties with respect to the subject matter
hereof and supersede all previous negotiations, agreements, commitments and
understandings, whether written or oral.

         11.10. AMENDMENT; WAIVER. The provisions hereof may not be amended,
waived, modified or superseded except by an instrument in writing signed by a
duly authorized officer or representative of each of the Parties.

         11.11. HEADINGS. Descriptive headings in this Agreement are for
convenience only and shall not control or affect the meaning or construction of
any of the provisions of this Agreement.

         11.12. COUNTERPARTS. This Agreement may be executed in counterparts and
both such counterparts taken together shall be deemed to constitute the same
instrument.

         IN WITNESS WHEREOF, each of the Parties has caused this Agreement to be
executed on the date first above written by its duly authorized officer or
officers.

                              GLOBAL SPORTS INTERACTIVE, INC.

                              By: /S/ MICHAEL RUBIN
                                 ------------------------------
                                 Name:
                                 Title:

                              THE SPORTS AUTHORITY, INC.

                              By: /S/ MARTIN E. HANAKA
                                 ------------------------------
                                 Name:
                                 Title:

                                       20
<PAGE>

                                   EXHIBIT "A"

                            SEE E-COMMERCE AGREEMENT

                                       1
<PAGE>

                                   EXHIBIT "B"

                        SEE E-COMMERCE SERVICES AGREEMENT

                                       2
<PAGE>

                                   EXHIBIT "C"

                              SEE LICENSE AGREEMENT

                                       3
<PAGE>

                                   EXHIBIT "D"

                               WARRANT TERM SHEET

1.       GRANT OF WARRANTS              As part of its E-Commerce Initiative,
                                        Global Sports, Inc. ("Global") intends
                                        to provide all sporting goods and/or
                                        athletic footwear and apparel retailers
                                        who execute a contract with Global to
                                        become part of Global"s E-Commerce
                                        Initiative ("Retailers") prior to the
                                        public announcement of such initiative
                                        the opportunity to receive warrants to
                                        purchase shares of Global common stock
                                        based on the terms and conditions
                                        outlined in this Term Sheet.

2.       AMOUNT OF WARRANTS             Warrants will be granted for a total
                                        exercise amount of [*]. Each Retailer
                                        will receive a warrant to purchase its
                                        pro rata share of the total exercise
                                        amount based on the proportion that such
                                        Retailer"s net sales (including sales by
                                        such Retailer"s franchisees, if any) for
                                        its most recent fiscal year bears to the
                                        total net sales of all Retailers
                                        participating in the E-Commerce
                                        Initiative (including sales by all such
                                        Retailers" franchisees, if any).

3.       SECURITY                       Warrant to purchase Global common stock.
                                        The period during which the warrant may
                                        be exercised will be one year from the
                                        date of public announcement of Global"s
                                        E-Commerce Initiative. The warrant and
                                        the shares of common stock issuable upon
                                        exercise of the warrant will be offered
                                        and sold to Retailers pursuant to an
                                        exemption from the Securities Act of
                                        1933, as amended. As a result, such
                                        shares will be restricted securities
                                        within the meaning of that Act, and the
                                        resale of such shares will be subject to
                                        certain restrictions, including a one
                                        year holding period.

4.       WARRANT EXERCISE PRICE         The warrant exercise price will be equal
                                        to the average of the closing bid and
                                        asked prices for a share of Common Stock
                                        for the 20 trading days ending on the
                                        trading day immediately preceding the
                                        public announcement of Global"s
                                        E-Commerce Initiative.

                                       4
<PAGE>

5.       ISSUANCE OF WARRANTS           Global will issue the warrants to
                                        participating Retailers effective as of
                                        the public announcement of Global"s
                                        E-Commerce Initiative which is expected
                                        to occur by May 10, 1999.

6.       CONFIDENTIALITY                This Term Sheet is not to be disclosed
                                        to any party other than the employees or
                                        advisors of Retailers receiving this
                                        Term Sheet who need to know the terms
                                        set forth herein for the purpose of
                                        evaluating such Retailer"s participation
                                        in Global"s E-Commerce Initiative.

7.       OTHER                          This Term Sheet is only intended to
                                        serve as a general outline of the major
                                        terms of Global"s proposed grant of
                                        warrants in accordance with the terms
                                        and conditions set forth herein. This
                                        Term Sheet does not constitute an offer
                                        or sale of the shares by Global. This
                                        Term Sheet does not constitute a
                                        commitment or binding agreement to grant
                                        such securities. Such commitment or
                                        binding agreement can only be created by
                                        definitive agreements which will need to
                                        be negotiated and executed.

                                       5

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