8-K

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


                                   FORM 8-K

                                CURRENT REPORT


                    Pursuant to Section 13 or 15(d) of the
                       Securities Exchange Act of 1934


              Date of Report (Date of earliest event reported):
                      March 4, 2004 (February 27, 2004)
                      ---------------------------------

                           SPORT SUPPLY GROUP, INC.
            ------------------------------------------------------
            (Exact name of registrant as specified in its charter)



              Delaware            001-10704            75-2241783
          ---------------        -----------          -------------
          (State or Other        (Commission          (IRS Employer
          Jurisdiction of        File Number)      Identification No.)
          Incorporation)

              1901 Diplomat Drive, Farmers Branch, Texas  75234
             ---------------------------------------------------
             (Address of Principal Executive Offices) (Zip Code)

     Registrant's telephone number, including area code:  (972) 484-9484




 ITEM 5: OTHER EVENTS

 On February 27, 2004 Sport Supply  Group, Inc., a Delaware corporation  (the
 "Company") issued a  Press Release announcing its  intention to  voluntarily
 terminate the registration of its securities.   A copy of the  Press Release
 is attached hereto as Exhibit 99.1 and incorporated herein by reference.


 ITEM 7: EXHIBITS

 Exhibit No. Description
 ----------- -----------

 99.1        Press Release of Sport Supply Group, Inc. dated February 27,
             2004 (furnished and not filed for purposes of Section 18 of
             the Securities Exchange Act of 1934, as amended, and not deemed
             incorporated by reference in any filing under the Securities Act
             of 1934, as amended)



                                  SIGNATURES

      Pursuant to the requirements of the Securities Exchange Act of 1934, as
 amended, the registrant has duly caused this report to be signed on its
 behalf by the undersigned hereunto duly authorized.

 Date:  March 4, 2004

                                         SPORT SUPPLY GROUP, INC.

                                         By: /s/ Robert K. Mitchell
                                             -----------------------
                                             Robert K. Mitchell
                                             Chief Financial Officer



                             Index to Exhibits


 Exhibit No. Description
 ----------- -----------

 99.1        Press Release  of Sport Supply Group, Inc. dated February 27,
             2004 (furnished and not filed for purposes of Section 18 of
             the Securities Exchange Act of 1934, as amended, and not deemed
             incorporated by reference in any filing under the Securities Act
             of 1934, as amended)

EX-99.1

                                                                 EXHIBIT 99.1


                              SPORT SUPPLY GROUP


 FOR IMMEDIATE RELEASE
 Friday, February 27, 2004


 FOR FURTHER INFORMATION:

 Please contact:

 Terry Babilla, COO, or
 Bob Mitchell, CFO
 972-484-9484


                  SPORT SUPPLY GROUP, INC. WILL FILE FORM 15
      **Move to Voluntarily Deregister Anticipated to Reduce Expenses**

      DALLAS (BUSINESS WIRE) February 27, 2004 - Sport Supply Group, Inc.
 (OTCBB and Pink Sheets:  SSPY), today announced that it intends to
 voluntarily terminate the registration of its securities by filing
 a Form 15 with the Securities and Exchange Commission on March 5, 2004.
 SSG's requirement to file certain periodic reports with the SEC will be
 suspended immediately upon such filing; however, registration of SSG's
 securities may not terminate for up to 90 days after the filing of the
 Form 15.

      SSG expects to realize significant cost savings as a result of being
 relieved of the burdensome accounting, legal and administrative costs
 associated with several SEC reporting requirements and recently enacted
 corporate governance requirements, which are material components of SSG's
 operating costs.  The projected cost savings will help to bring SSG's
 expenses more in line with its revenues.

      "Current market conditions do not warrant the significant annual costs
 associated with being a reporting company," said Geoffrey P. Jurick, SSG's
 Chairman of the Board and Chief Executive Officer.  "Our Board of Directors
 believes it is prudent to use these funds to enhance SSG's financial
 performance.  As a non-registered company, Sport Supply Group will have
 more flexibility in pursuing strategic opportunities, continuing to invest
 in its core business and in recruiting and retaining our people.  This
 move will also enable management to focus more time on operating SSG's
 business."

      Upon the filing of the Form 15, SSG's securities will no longer be
 eligible to be quoted on the OTC Bulletin Board; however, SSG anticipates,
 but cannot guarantee, that its common shares will continue to be quoted on
 the Pink Sheets' quotation system under the symbol SSPY.  The Pink Sheets
 is a centralized quotation service that collects and publishes market maker
 quotes in real time, primarily through its website at www.pinksheets.com.

      Sport Supply Group is a leading manufacturer and distributor
 of sporting goods equipment and physical education products to the
 institutional and youth sports market place.  Athletes, coaches and
 instructors in schools, colleges, universities, governmental agencies,
 camps and youth organizations across the country use SSG's products.
 Emerson Radio Corp. (AMEX-MSN) owns approximately 53% of SSG's issued and
 outstanding capital stock.  For more information about Sport Supply Group,
 please visit www.sportsupplygroup.com.

      This news release, other than the historical information, consists of
 forward-looking statements that involve risks and uncertainties detailed
 from time to time in Sport Supply Group's filings with the Securities and
 Exchange Commission, including SSG's Reports on Form 10-K and Form 10-Q.
 Such forward-looking statements are made based on management's belief
 as well as assumptions made by, and information currently available to,
 management pursuant to the "safe harbor" provisions of the Private
 Securities Litigation Reform Act of 1995.  Actual results may vary
 materially.