SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

WATERS GREGORY A

(Last)

(First)

(Middle)

C/O THE SPORTS AUTHORITY, INC.

1050 WEST HAMPDEN AVENUE

(Street)

ENGLEWOOD

80110

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
SPORTS AUTHORITY INC /DE/ [ TSA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	EVP Store Ops & COO

3. Date of Earliest Transaction (Month/Day/Year)
03/31/2005

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	03/31/2005		M		3,200	A	$6.625	46,159⁽¹⁾	D
Common Stock	03/31/2005		M		4,000	A	$9	50,159⁽¹⁾	D
Common Stock	03/31/2005		S		759	D	$27.14	49,400⁽¹⁾	D
Common Stock	03/31/2005		S		4,100	D	$27.35	45,300⁽¹⁾	D
Common Stock	03/31/2005		S		3,100	D	$27.4	42,200⁽¹⁾	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Options (Right to buy)	$6							07/30/2001	07/30/2010	Common Stock	18,000		18,000⁽²⁾	D
Stock Options (Right to buy)	$13.97							08/09/2002	08/09/2011	Common Stock	8,000		8,000⁽²⁾	D
Stock Options (Right to buy)	$15.63							04/07/2001	04/07/2008	Common Stock	8,000		8,000⁽²⁾	D
Stock Options (Right to buy)	$20							12/18/2003	12/18/2012	Common Stock	20,000		20,000⁽²⁾	D
Stock Options (Right to buy)	$29.88							08/22/2004	08/22/2013	Common Stock	25,000		25,000⁽³⁾	D
Stock Options (Right to buy)	$6.625	03/31/2005		M			3,200	03/16/2002	03/16/2009	Common Stock	3,200	$0	0	D
Stock Options (Right to buy)	$9	03/31/2005		M			4,000	12/07/2001	12/07/2008	Common Stock	4,000	$0	0	D

Explanation of Responses:

1. Amount of Securities Beneficially Owned Following Reported Transaction(s) consists of shares directly owned and awards of restricted stock at varying vesting terms as previously reported that were granted under the 1994 Management Equity Plan and the 2003 Long Term Incentive Compensation Plan.

2. 20% on each annual anniversary of the date of grant over a period of 5 years, subject to early termination under certain circumstances, and to earlier vesting upon a Change of Control.

3. Non-qualified stock options vest 25% on each anniversary date of the date of grant over a period of four years, subject to early termination under certain circumstances, and to earlier vesting upon a Change of Control.

	Nesa E. Hassanein, Attorney-In-Fact	04/04/2005
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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