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Exhibit 10.20    
    

 
 

CONSULTING AGREEMENT    
    

        This CONSULTING AGREEMENT, effective as of December 30, 2003, is entered into by and between Martin E. Hanaka (the "Consultant") and The Sports
Authority, Inc., a Delaware corporation (the "Company"). 

        WHEREAS,
the Company deems it advisable to retain the Consultant to provide consulting and advisory services, and the Consultant is willing to provide such services to the Company on the
terms and conditions described herein. 

        IT
IS, THEREFORE, AGREED: 

        1.     Consulting Period. The "Consulting Period" shall begin upon and immediately following the termination of the Consultant's
employment with the Company pursuant to that certain Agreement, effective as of December 30, 2003, between him and the Company, such that the period during which Consultant is "in the employ
of, or providing services to, the Company" as contemplated in The Sports Authority, Inc., 2000 Stock Option and Stock Award Plan shall be deemed to be continuous and with no interruption. The
Consulting Period shall end on the earlier of (i) August 3, 2006 or (ii) the date this Agreement is terminated pursuant to Section 5. 

        2.     Consulting Services and Relationship.

        (a)   Services. During the Consulting Period, the Consultant shall serve the Company by focusing on the cultural integration
and the long-term strategic growth of the Company, and the enhancement of the public reputation and image of the Company. The Consultant shall perform such assignments in consultation with
the chief executive officer of the Company (the "CEO"). In addition, the Consultant shall perform all other duties and accept all other responsibilities incident to such position as may be reasonably
assigned to the Consultant by the Board of Directors of the Company
(the "Board") with such duties and responsibilities to be carried out in consultation with the CEO. The services to be provided hereunder may be performed at the Consultant's office located in Florida
and it is understood that the Consultant's duties may involve reasonable travel by him, including, without limitation, travel to the Company's offices in Englewood, Colorado. On such occasions that
the Consultant is required to travel to the Company's offices in Englewood, Colorado, the representative shall be provided with office accommodations located among the senior executive officers of the
Company. 

        (b)   Relationship. The Consultant shall be an independent contractor, and neither the Consultant nor any of his employees,
subcontractors or agents shall be an employee of the Company, within the meaning of all federal, state and local laws and regulations governing employment insurance, workers' compensation, industrial
accident, labor and taxes. Neither the Consultant nor any of his employees, subcontractors or agents shall, by reason of this Agreement, acquire any benefits, privileges or rights under any benefit
plan operated by the Company or its subsidiaries or affiliates for the benefit of their employees, including, without limitation, (i) any pension or profit-sharing plans or (ii) any
plans providing medical, dental, disability or life insurance protection. The Consultant and each of his employees, subcontractors or agents also agree to be bound by the Company's Code of Conduct and
Conflict of Interest Policy during the Consulting Period. 

        (c)   Authority. Unless otherwise agreed by the Company and the Consultant in writing, during the Consulting Period, neither
the Consultant nor any representative thereof shall have the power or authority to enter into, execute agreements or other documents that are binding upon the Company or have the authority to direct
the operations of the Company, other than in his capacity as Chairman of the Board. 

        3.     Compensation. During the Consulting Period, the Company shall compensate the Consultant at a rate of $100,000 per annum
(the "Base Fee"), payable in equal installments on the 15th day of

 
each month (or the immediately preceding or following business day, if the 15th day of the month is not a business day) during the Consulting Term. 

        4.     Expenses. The Company shall reimburse the Consultant for all necessary and reasonable travel, entertainment and other
business expenses incurred by him in the performance of his duties hereunder in accordance with such reasonable procedures as the Company may adopt generally from time to time and as are generally
provided to the CEO, which the parties agree shall include first class airfare provided by paid upgrades, or upon an exception basis, as determined by the Consultant. 

        5.     Events of Termination. 

        (a)   Death. This Agreement shall terminate automatically upon the death of the Consultant. 

        (b)   Notice. This Agreement may be terminated by the Consultant upon at least 30 days' written notice to the Company to
such effect or by the Company with "Cause" (as defined below). 

        As
used in this Agreement, "Cause" shall mean a termination of the Consulting Period based upon: 

        (i)    misconduct
by the Consultant or any of his employees to the material and demonstrable detriment of the Company; 

        (ii)   the
conviction (by a court of competent jurisdiction, not subject to further appeal) of, or pleading guilty to, a felony by the Consultant; 

        (iii)  the
Consultant's continued and ongoing gross negligence in the performance of his duties and responsibilities to the Company as described in this Agreement; or 

        (iv)  the
Consultant's material failure to perform his duties and responsibilities to the Company as described in this Agreement (other than any such failure resulting from
the Consultant's incapacity due to physical or mental illness), in either case after written notice from the CEO to the Consultant of the specific nature of such material failure and the failure of
the Consultant to cure such material failure within thirty (30) days following receipt of such notice. 

        6.     Obligations upon Termination. Upon termination of this Agreement pursuant to Section 5, the Consultant and the
Company shall not have any further obligation under this Agreement, except for the obligations of the Consultant under Sections 7 and 8 below. 

        7.     Non-Competition Covenant. 

        (a)   During
the Consulting Period, the Consultant shall not, directly or indirectly, become a consultant (including, but not limited to, through any entity of which the
Consultant is an employee, officer, director or advisor), employee, director or advisor of, or otherwise affiliated with, any retailer or vendor of sporting goods, athletic footwear or athletic
apparel which sells in the United States through any retail channel, including without limitation, stores, catalogs, direct mail, the Internet, and commercial and/or institutional sales (unless
(1) the sporting goods, athletic footwear and athletic apparel sold by such retailer or vendor constitute less than 50% of the total sales by such retailer and its licensees in the United
States during the fiscal year of the Company immediately preceding the year of such termination, or (2) such retailer or vendor had sales totaling less than $300,000,000 during the fiscal year
of the Company immediately preceding the year of such termination and, in the case of a retailer, had less than twenty (20) retail outlets in the United States at the end of such fiscal year,
or (3) the classes of products sold by such retailer or vendor 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)   During
the Consulting Period and for a period of two years thereafter, the Consultant shall not, directly or indirectly, solicit or hire or encourage the
solicitation or hiring of any person (other than Sheila Otto) 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)   For
the two year period following the end of the Consulting period, the Consultant shall not, directly or indirectly, become a consultant (including, but not limited to,
through any entity of which the Consultant is an employee, officer, director or advisor), employee, director or advisor of, or otherwise affiliated with, any retailer of sporting goods, athletic
footwear or athletic apparel which sells in the United States through any retail channel, including without limitation, stores, catalogs, direct mail, the Internet, and commercial and/or institutional
sales (unless (1) the sporting goods, athletic footwear and athletic apparel sold by such retailer constitute less than 50% of the total sales by such retailer and its licensees in the United
States during the fiscal year of the Company immediately preceding the year of such termination, or (2) such retailer had sales totaling less than $300,000,000 during the fiscal year of the
Company immediately preceding the year of such termination and, in the case of a retailer, had less than twenty (20) retail outlets in the United States at the end of such fiscal year, or
(3) 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). 

        8.     Confidential Information. The Consultant shall not, without the written consent of the CEO, disclose to any person other
than as required by law or court order, any confidential information obtained by the Consultant while engaged by 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 the Consultant) 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 the Board or any other officer thereof to a third party without restrictions on the
disclosure of such information. 

        9.     Successors. 

        (a)   This
Agreement shall not be assignable by the Consultant without the prior written consent of the Company. 

        (b)   This
Agreement shall inure to the benefit of and be binding upon the Company and its successors or assigns. 

        10.   Miscellaneous. 

        (a)   This
Agreement shall be governed by and construed in accordance with the laws of the State of Delaware, without reference to principles of conflict of laws. The captions
of this Agreement are not part of the provisions hereof and shall have no force or effect. This Agreement may not be amended or modified otherwise than by a written agreement executed by the parties
hereto or their respective successors or legal representatives. 

        (b)   All
notices and other communications hereunder shall be in writing and shall be given by hand delivery to the other party or by registered or certified mail, return
receipt requested, postage prepaid, addressed as follows: 

If to the Consultant

Martin
E. Hanaka 

 

If to the Company

The
Sports Authority, Inc.

1050 West Hampden Avenue

Englewood, Colorado 80110

Attn: General Counsel

Telephone: (303) 200-5050 

        or
to such other address as either party shall have furnished to the other in accordance herewith. Notices and communications shall be effective when actually received by the addressee. 

        (c)   The
invalidity or unenforceability of any provisions of this Agreement shall not affect the validity or enforceability of any other provisions of this Agreement. 

        (d)   The
failure of the Company at any time to enforce performance by the Consultant of any provisions of this Agreement shall in no way affect the Company's rights
thereafter to enforce the same, nor shall the waiver by the Company of any breach of any provision hereof be held to be a waiver of any other breach of the same or any other provision. 

        (e)   This
Agreement contains the entire understanding of the Company and the Consultant with respect to the subject matter hereof, and supersedes and renders null and void
any previous agreements between them with respect thereto. 

        (f)    The
Company may withhold from any amounts payable under this Agreement such federal, state or local taxes as shall be required to be withheld pursuant to any applicable
law or regulation. 

[Signature
page follows] 

 

        IN
WITNESS WHEREOF, the Consultant and the Company have executed the Consulting Agreement to be effective as of the day and year first above written. 

	

 	
 	

THE SPORTS AUTHORITY, INC.
	

 	
 	

By:	
 	

	 	 	 	 	Name: John Douglas Morton

Its: Chief Executive Officer

Date:
	

 	
 	

CONSULTANT
	

 	
 	

 Martin E. Hanaka

Date:

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Exhibit 10.20

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Exhibit 10.21    
    

 
 

INDEMNIFICATION AGREEMENT    
    

        INDEMNIFICATION AGREEMENT (this "Agreement"), dated as of March 1, 2004, between The Sports Authority, Inc., a Delaware corporation (the "Company")
and the undersigned ("Indemnitee"). 

        WHEREAS,
Indemnitee is a director of the Company; 

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

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

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

        1.     Agreement to Serve. Indemnitee hereby agrees to serve as a director of the Company or its subsidiaries for so long as
Indemnitee is duly elected or appointed. Indemnitee may, however, resign from such position at any time and for any reason by delivering Indemnitee's resignation pursuant to the Amended and Restated
Bylaws of the Company. The Company's obligation to indemnify Indemnitee as set forth in this Agreement shall continue in full force and effect notwithstanding any such termination of appointment,
resignation or dissolution. 

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

        (a)   Proceedings other than Proceedings by or in the Right of the Company. Indemnitee shall be entitled to the rights of
indemnification provided in this Section 2(a) if, by reason of Indemnitee's Corporate Status, Indemnitee is, or is threatened to be made, a party to or participant in any Proceeding (as
hereinafter defined) other than a Proceeding by or in the right of the Company. Pursuant to this Section 2(a), Indemnitee shall be indemnified against all Expenses (as hereinafter defined),
judgments, penalties, fines and amounts paid in settlement actually and reasonably incurred by Indemnitee or on Indemnitee's behalf in connection with such Proceeding or any claim, issue or matter
therein, if Indemnitee acted in good faith and in a manner Indemnitee reasonably believed to be in or not opposed to the best interests of the Company and, with respect to any criminal Proceeding, had
no reasonable cause to believe Indemnitee's conduct was unlawful. 

        (b)   Proceedings by or in the Right of the Company. Indemnitee shall be entitled to the rights of indemnification provided in
this Section 2(b) if, by reason of Indemnitee's Corporate Status, Indemnitee is, or is threatened to be made, a party to or participant in any Proceeding brought by or in the right of
the Company to procure a judgment in its favor. Pursuant to this Section 2(b), Indemnitee shall be indemnified against all Expenses actually and reasonably incurred by Indemnitee or on
Indemnitee's behalf in connection with such Proceeding if Indemnitee acted in good faith and in a manner Indemnitee reasonably believed to be in or not opposed to the best

 
interests of the Company; provided, however, that, if applicable law so provides, no indemnification against such Expenses shall be made in respect of
any claim, issue or matter in such Proceeding as to which Indemnitee shall have been finally adjudged to be liable to the Company unless and to the extent that the Court of Chancery of the State of
Delaware shall determine that such indemnification may be made. 

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

        (b)   Without
diminishing or impairing the obligations of the Company set forth in the Section 3(a) hereof, if, for any reason, Indemnitee shall elect or be
required to pay all or any portion of any judgment or settlement in any threatened, pending or completed action, suit or proceeding in which the Company is jointly liable with Indemnitee (or would be
jointly liable if joined in such action, suit or proceeding), the Company shall contribute to the amount of Expenses, judgments, fines and amounts paid in settlement actually and reasonably incurred
and paid or payable by Indemnitee in proportion to the relative benefits received by the Company and all officers, directors or employees of the Company, other than Indemnitee, who are jointly liable
with Indemnitee (or would be jointly liable if joined in such action, suit or proceeding), on the one hand, and Indemnitee, on the other hand, from the transaction from which such action, suit or
proceeding arose; provided, however, that the proportion determined on the basis of relative benefit may, to the extent necessary to conform to law, be
further adjusted by reference to the relative fault of the Company and all officers, directors or employees of the Company, other than Indemnitee, who are jointly liable with Indemnitee (or would be
jointly liable if joined in such action, suit or proceeding), on the one hand, and Indemnitee, on the other hand, in connection with the events that resulted in such Expenses, judgments, fines or
settlement amounts, as well as any other equitable considerations which the law may require to be considered. The relative fault of the Company and all officers, directors or employees of the Company
other than Indemnitee who are jointly liable with Indemnitee (or would be jointly liable if joined in such action, suit or proceeding), on the one hand, and Indemnitee, on the other hand, shall be
determined by reference to, among other things, the degree to which their actions were motivated by intent to gain personal profit or advantage, the degree to which their liability is primary or
secondary, and the degree to which their conduct is active or passive. 

        (c)   The
Company hereby agrees to fully indemnify and hold Indemnitee harmless from any claims of contribution which may be brought by officers, directors or employees of the
Company against the Indemnitee who may be jointly liable with Indemnitee. 

        4.     Indemnification for Expenses of a Witness. Notwithstanding any other provision of this Agreement, to the extent that
Indemnitee is, by reason of Indemnitee's Corporate Status, a witness in any Proceeding to which Indemnitee is not a party, Indemnitee shall be indemnified against all Expenses actually and reasonably
incurred by Indemnitee or on Indemnitee's behalf in connection therewith but shall not be entitled to any fees for time spent in connection with preparation for, travel to and from the Proceeding
location and court time.

 

        5.     Advancement of Expenses. Notwithstanding any other provision of this Agreement, the Company shall advance all reasonable
Expenses to be incurred by or on behalf of Indemnitee in connection with any Proceeding by reason of Indemnitee's Corporate Status within ten days after the receipt by the Company of a
statement or statements from Indemnitee requesting such advance or advances from time to time, whether prior to or after final disposition of such Proceeding. Such statement or statements shall
reasonably evidence the Expenses to be incurred by Indemnitee and shall include or be preceded or accompanied by an undertaking by or on behalf of Indemnitee to repay any Expenses advanced if it shall
ultimately be determined by the Company that Indemnitee is not entitled to be indemnified against such Expenses. Any advances and undertakings to repay pursuant to this Section 5 shall be
unsecured and interest free. Notwithstanding the foregoing, the obligation of the Company to advance Expenses pursuant to this Section 5 shall be subject to the condition that, if, when and to
the extent that the Company determines that Indemnitee would not be permitted to be indemnified under applicable law, the Company shall be entitled to be reimbursed, within 30 days of such
determination, by Indemnitee for all such amounts theretofore paid; provided, however, that if Indemnitee has commenced or thereafter commences legal
proceedings in a court of competent jurisdiction to secure a determination that Indemnitee should be indemnified under applicable law, any determination made by the Company that Indemnitee would not
be permitted to be indemnified under applicable law shall not be binding and Indemnitee shall not be required to reimburse the Company for any advance of Expenses until a final judicial determination
is made with respect thereto (as to which all rights of appeal therefrom have been exhausted or lapsed). 

        6.     Procedures and Presumptions for Determination of Entitlement to Indemnification. It is the intent of this Agreement to
secure for Indemnitee rights of indemnity that are as favorable as may be permitted under the law and public policy of the State of Delaware. Accordingly, the parties agree that the following
procedures and presumptions shall apply in the event of any question as to whether Indemnitee is entitled to indemnification under this Agreement: 

        (a)   To
obtain indemnification (including, but not limited to, the advancement of Expenses and contribution by the Company) under this Agreement, Indemnitee shall submit to
the President, any Senior Vice President or the General Counsel of the Company a written request, including therein or therewith such documentation and information as is reasonably available to
Indemnitee and is reasonably necessary to determine whether and to what extent Indemnitee is entitled to indemnification. The President, any Senior Vice President or the General Counsel of the Company
shall, promptly upon receipt of such a request for indemnification, advise the Board in writing that Indemnitee has requested indemnification. 

        (b)   Upon
written request by Indemnitee for indemnification pursuant to the first sentence of Section 6(a) hereof, a determination, if required by applicable
law, with respect to Indemnitee's entitlement thereto shall be made in the specific case by Independent Counsel in a written opinion unless previously approved by a majority vote of the disinterested
directors, even though less than a quorum. 

        (c)   If
the determination of entitlement to indemnification is to be made by Independent Counsel pursuant to Section 6(b) hereof, the Independent Counsel shall
be selected as provided in this Section 6(c). The Independent Counsel shall be selected by Indemnitee (unless Indemnitee shall request that such selection be made by the Board). Indemnitee or
the Company, as the case may be, may, within 10 days after such written notice of selection shall have been given, deliver to the Company or to Indemnitee, as the case may be, a written
objection to such selection; provided, however, that such objection may be asserted only on the ground that the Independent Counsel so selected does not
meet the requirements of "Independent Counsel" as defined in Section 13(e) of this Agreement, and the objection shall set forth with particularity the factual basis of such assertion.
Absent a proper and timely objection, the person so selected shall act as Independent Counsel. If a written objection is made and substantiated, the Independent Counsel selected may

 
not serve as Independent Counsel unless and until such objection is withdrawn or a court has determined that such objection is without merit. If, within 30 days after submission by Indemnitee
of a written request for indemnification pursuant to Section 6(a) hereof, no Independent Counsel shall have been selected and not objected to, either the Company or Indemnitee may
petition the Court of Chancery of the State of Delaware or other court of competent jurisdiction for resolution of any objection which shall have been made by the Company or Indemnitee to the other's
selection of Independent Counsel and/or for the appointment as Independent Counsel of a person selected by the court or by such other person as the court shall designate, and the person with respect
to whom all objections are so resolved or the person so appointed shall act as Independent Counsel under Section 6(b) hereof. The Company shall pay any and all reasonable fees and
expenses of Independent Counsel incurred by such Independent Counsel in connection with acting pursuant to Section 6(b) hereof, and the Company shall pay all reasonable fees and expenses
incident to the procedures of this Section 6(c), regardless of the manner in which such Independent Counsel was selected or appointed. 

        (d)   In
making a determination with respect to entitlement to indemnification hereunder, the person or persons or entity making such determination shall presume (unless there
is clear and convincing evidence to the contrary) that Indemnitee is entitled to indemnification under this Agreement if Indemnitee has submitted a request for indemnification in accordance with
Section 6(a) of this Agreement. 

        (e)   Indemnitee
shall be deemed to have acted in good faith if Indemnitee's action is based on the records or books of account of the Company, including financial statements,
or on information supplied to Indemnitee by the officers of the Company in the course of their duties, or on the advice of legal counsel for the Company or on information or records given or reports
made to the Company by an
independent certified public accountant, by a financial advisor or by an appraiser or other expert selected with reasonable care by the Company. In addition, the knowledge and/or actions, or failure
to act, of any officer, director, agent or employee of the Company shall not be imputed to Indemnitee for purposes of determining the right to indemnification under this Agreement. Whether or not the
foregoing provisions of this Section 6(e) are satisfied, it shall in any event be presumed (unless there is clear and convincing evidence to the contrary) that Indemnitee has at all
times acted in good faith and in a manner Indemnitee reasonably believed to be in or not opposed to the best interests of the Company. For purposes of this Section 6(e), Company shall include
the Company and any of its subsidiaries. 

        (f)    If
the person, persons or entity empowered or selected under Section 6(b) to determine whether Indemnitee is entitled to indemnification shall not have made a
determination within 60 days after receipt by the Company of the request therefor, the requisite determination of entitlement to indemnification shall be deemed to have been made and Indemnitee
shall be entitled to such indemnification, absent a prohibition of such indemnification under applicable law; provided, however, that such 60 day period may be extended for a reasonable time,
not to exceed an additional 15 days, if the person, persons or entity making the determination with respect to entitlement to indemnification in good faith requires such additional time for
obtaining or evaluating documentation and/or information relating thereto. 

        (g)   Indemnitee
shall cooperate with the person, persons or entity making such determination with respect to Indemnitee's entitlement to indemnification, including providing
to such person, persons or entity, upon reasonable advance request, any documentation or information which is not privileged or otherwise protected from disclosure and which is reasonably available to
Indemnitee and reasonably necessary to such determination. Any Independent Counsel or member of the Board shall act reasonably and in good faith in making a determination under this Agreement of
Indemnitee's entitlement to indemnification. Any costs or expenses (including attorneys' fees and disbursements) incurred by Indemnitee in so cooperating with the person,

 
persons or entity making such determination shall be borne by the Company (irrespective of the determination as to Indemnitee's entitlement to indemnification) and the Company hereby indemnifies and
agrees to hold Indemnitee harmless therefrom. 

        7.     Remedies. 

        (a)   In
the event that (i) a determination is made pursuant to Section 6 of this Agreement that Indemnitee is not entitled to indemnification under this
Agreement, (ii) advancement of Expenses is not timely made pursuant to Section 5 of this Agreement, (iii) no determination of entitlement to indemnification shall have been made
pursuant to Section 6(b) of this Agreement within 90 days after receipt by the Company of the request for indemnification, (iv) payment of indemnification is not made
pursuant to this Agreement within ten days after receipt by the Company of a written request therefor, or (v) payment of indemnification is not made within ten days after a
determination has been made that
Indemnitee is entitled to indemnification or such determination is deemed to have been made pursuant to Section 6 of this Agreement, and such matter has not been cured, Indemnitee shall be
entitled to an adjudication in an appropriate court of the State of Delaware, or in any other court of competent jurisdiction, of his entitlement to such indemnification. Indemnitee shall commence
such proceeding seeking an adjudication within 180 days following the date on which Indemnitee first has the right to commence such proceeding pursuant to this Section 7(a). The Company
shall not oppose Indemnitee's right to seek any such adjudication. 

        (b)   In
the event that a determination shall have been made pursuant to Section 6(b) of this Agreement that Indemnitee is not entitled to indemnification, any judicial
proceeding commenced pursuant to this Section 7 shall be conducted in all respects as a de novo trial, on the merits, and Indemnitee shall not be prejudiced by reason of that adverse
determination. 

        (c)   If
a determination shall have been made pursuant to Section 6(b) of this Agreement that Indemnitee is entitled to indemnification, the Company shall be
bound by such determination in any judicial proceeding commenced pursuant to this Section 7, absent a prohibition of such indemnification under applicable law. 

        (d)   In
the event that Indemnitee, pursuant to this Section 7, seeks a judicial adjudication of Indemnitee's rights under, or to recover damages for breach of, this
Agreement, or to recover under any directors' and officers' liability insurance policies maintained by the Company, the Company shall pay on Indemnitee's behalf, in advance, any and all expenses (of
the types described in the definition of Expenses in Section 13 of this Agreement) actually and reasonably incurred by Indemnitee in such judicial adjudication, regardless of whether Indemnitee
ultimately is determined to be entitled to such indemnification, advancement of expenses or insurance recovery. 

        (e)   The
Company shall be precluded from asserting in any judicial proceeding commenced pursuant to this Section 7 that the procedures and presumptions of this
Agreement are not valid, binding and enforceable and shall stipulate in any such court that the Company is bound by all the provisions of this Agreement. 

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

        (a)   The
rights of indemnification as provided by this Agreement shall not be deemed exclusive of any other rights to which Indemnitee may at any time be entitled under
applicable law, the Amended and Restated Certificate of Incorporation of the Company, the Amended and Restated Bylaws of the Company, any agreement, a vote of stockholders or a resolution of
directors, or otherwise. No amendment, alteration or repeal of this Agreement or of any provision hereof shall limit or restrict any right of Indemnitee under this Agreement in respect of any action
taken or omitted by Indemnitee in Indemnitee's Corporate Status prior to such amendment,

 
alteration or repeal. To the extent that a change in the law, whether by statute or judicial decision, permits greater indemnification than would be afforded currently under the Amended and Restated
Certificate of Incorporation and this Agreement, it is the intent of the parties hereto that Indemnitee shall enjoy, by this Agreement, the greater benefits so afforded by such change. No right or
remedy herein conferred is intended to be exclusive of any other right or remedy, and every other right and remedy shall be cumulative and in addition to every other right and remedy given hereunder
or now or hereafter existing at law or in equity or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion or employment of
any other right or remedy. 

        (b)   To
the extent that the Company maintains an insurance policy or policies providing liability insurance for officers, directors, employees, or agents or fiduciaries of
the Company or of any other corporation, partnership, joint venture, trust, employee benefit plan or other enterprise which such person serves at the request of the Company, Indemnitee shall be
covered by such policy or policies in accordance with its or their terms to the maximum extent of the coverage available for Indemnitee under such policy or policies. 

        (c)   In
the event of any payment under this Agreement, the Company shall be subrogated to the extent of such payment to all of the rights of recovery of Indemnitee, who shall
execute all papers required and take all action necessary to secure such rights, including execution of such documents as are necessary to enable the Company to bring suit to enforce such rights. 

        (d)   The
Company shall not be liable under this Agreement to make any payment of amounts otherwise indemnifiable hereunder if and to the extent that Indemnitee has otherwise
actually received such payment under any insurance policy, contract, agreement or otherwise. 

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

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

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

 

        12.   Enforcement. 

        (a)   The
Company expressly confirms and agrees that it has entered into this Agreement and assumed the obligations imposed on it hereby in order to induce Indemnitee to serve
as a director of the Company, as applicable, and the Company acknowledges that Indemnitee is relying upon this Agreement in serving as a director of the Company. 

        (b)   This
Agreement constitutes the entire agreement between the parties hereto with respect to the subject matter hereof and supersedes all prior agreements and
understandings, oral, written and implied, between the parties hereto with respect to the subject matter hereof. 

        13.   Definitions. For purposes of this Agreement: 

        (a)   "Corporate
Status" describes the status of a person who is or was an officer or director of the Company or any of its subsidiaries. 

        (b)   "Disinterested
Director" means a director of the Company who is not and was not a party to the Proceeding in respect of which indemnification is sought by Indemnitee. 

        (c)   "Expenses"
shall include all reasonable attorneys' fees, retainers, court costs, transcript costs, fees of experts, witness fees, travel expenses, duplicating costs,
printing and binding costs, telephone charges, postage, delivery service fees, and all other disbursements or expenses of the types customarily incurred in connection with prosecuting, defending,
preparing to prosecute or defend, investigating, participating, or being or preparing to be a witness in a Proceeding. 

        (d)   "Independent
Counsel" means a law firm, or a member of a law firm, that is experienced in matters of corporation law and neither presently is, nor in the past
five years has been, retained to represent: (i) the Company or Indemnitee in any matter material to either such party (other than with respect to matters concerning Indemnitee under this
Agreement), or (ii) any other party to the Proceeding giving rise to a claim for indemnification hereunder. Notwithstanding the foregoing, the term "Independent Counsel" shall not include any
person who, under the applicable standards of professional conduct then prevailing, would have a conflict of interest in representing either the Company or Indemnitee in an action to determine
Indemnitee's rights under this Agreement. The Company agrees to pay the reasonable fees of the Independent Counsel referred to above and to fully indemnify such counsel against any and all Expenses,
claims, liabilities and damages arising out of or relating to this Agreement or its engagement pursuant hereto. 

        (e)   "Proceeding"
includes any threatened, pending or completed action, suit, arbitration, alternate dispute resolution mechanism, investigation, inquiry, administrative
hearing or any other actual, threatened or completed proceeding, whether brought by or in the right of the Company or otherwise and whether civil, criminal, administrative or investigative, in which
Indemnitee was, is or will be involved as a party or otherwise, by reason of the fact that Indemnitee is a director of the Company, by reason of any action taken by Indemnitee or of any inaction on
Indemnitee's part while serving as a director of the Company or by reason of the fact that Indemnitee is or was serving at the request of the Company as an officer, director, employee, consultant,
fiduciary or agent of another corporation, partnership, joint venture, trust, employee benefit plan or other enterprise, in each case whether or not Indemnitee is acting or serving in any such
capacity at the time any liability or expense is incurred for which indemnification can be provided under this Agreement, and excluding one initiated by Indemnitee pursuant to Section 7 of this
Agreement to enforce Indemnitee's rights under this Agreement. 

        14.   Severability. If any provision or provisions of this Agreement shall be held by a court of competent jurisdiction to be
invalid, void, illegal or otherwise unenforceable for any reason whatsoever: (a) the validity, legality and enforceability of the remaining provisions of this Agreement (including without
limitation, each portion of any section of this Agreement containing any such provision held to

 
be invalid, illegal or unenforceable, that is not itself invalid, illegal or unenforceable) shall not in any way be affected or impaired thereby and shall remain enforceable to the fullest extent
permitted by law; and (b) to the fullest extent possible, the provisions of this Agreement (including, without limitation, each portion of any section of this Agreement containing any
such provision held to be invalid, illegal or unenforceable, that is not itself invalid, illegal or unenforceable) shall be construed so as to give effect to the intent manifested thereby. 

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

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

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

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

	(a)
	If
to Indemnitee, to the address set forth on the signature page of this Agreement.

	(b)
	If
to the Company, to its principal executive offices at: 

The
Sports Authority, Inc.

1050 West Hampden Avenue

Englewood, CO 80110

Attn: General Counsel 

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

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

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

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

 

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

	

 	
 	

THE SPORTS AUTHORITY, INC.
	

 	
 	

By	
 	

	 	 	 	 	Name:	 	J. Douglas Morton
	 	 	 	 	Title:	 	CEO and President
	

 	
 	

INDEMNITEE
	

 	
 	

By	
 	

 Name:
	

 	
 	

 	
 	

Address:	
 	

QuickLinks

Exhibit 10.21

INDEMNIFICATION AGREEMENT

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