Agreement Regarding the Amended and Restated Executive Officer Change In Control Agreement

Exhibit 10.1

Agreement Regarding the Amended and Restated Executive Officer Change In Control Agreement

This Agreement, dated to be effective as of June 15, 2009, is by and between Sport Supply Group, Inc. (the “Company”) and Adam Blumenfeld (the “Executive”).

Whereas: the Company has entered into an Amended and Restated Executive Officer Change In Control Agreement (the “CIC Agreement”) with Executive dated October 1, 2008;

Whereas: Pursuant to the CIC Agreement, the Executive may receive a “Severance Payment” (as defined within the CIC Agreement), whose value is derived in part from a calculation based on the Executive’s salary and the “actual bonus paid to the Executive by the Company or any of its subsidiaries for the most recent fiscal year ended prior to the occurrence of the Change in Control,” (as defined in that CIC Agreement);

Whereas: The Company’s Compensation Committee (the “Compensation Committee”) intends to alter the component parts of the fiscal year 2010 compensation plan for the Executive, including a cash salary and the grant of stock options, but excluding an