Sports Authority Is Said to Discuss Selling Stores to Dick's

Sports Authority Inc., which is preparing to file for bankruptcy, has discussed selling stores and intellectual property to rival chain Dick’s Sporting Goods Inc. and other parties, according to two people familiar with the situation.

The Dick’s transaction is one of several options being considered, said the people, who asked not to be identified because the discussions are private. Modell’s Sporting Goods also is discussing buying some of the stores, according to the people. It’s also not clear how many locations might be involved in a potential deal, which would take effect after a Chapter 11 filing.