CAPPIELLO LEAVES THE SPORTS AUTHORITY AFTER SHORT RUN

          The Sports Authority announced that the company and
     President & CMO WILLIAM CAPPIELLO have mutually agreed to
     sever their employment relationship.  TSA CEO MARTIN HANAKA
     will oversee the merchandising, marketing and logistics
     functions until a replacement is named.  TSA COO JAMES TENER
     will be responsible for the sales and service function while
     a search for a new CMO is underway (TSA).  Cappiello is
     "leaving seven months after he arrived to help lead a
     turnaround effort."  TSA CFO ANTHONY CRUDELE said that
     Hanaka "was unhappy with performance in recent months and
     decided progress would be swifter if he took direct charge
     of an effort to 'build a reputation of having that everyday
     low price.'"  Crudele said that TSA "believes it has lost
     sales to discount stores partly because it hasn't done
     enough to persuade customers that they can find bargains at"
     the company's stores (WALL STREET JOURNAL, 7/15).