PROSPECTUS SUPPLEMENT No. 3
(To Prospectus Dated March 1, 2006) Filed Pursuant to Rule 424(b)(7)
Registration Statement No. 333-122250

$50,000,000 Principal Amount of
5.75% Convertible Senior Subordinated Notes Due 2009
and
Shares of Common Stock Issuable Upon Conversion of the Notes
and 83,126 Shares of Common Stock

          The following information supplements the prospectus dated March 1, 2006 of Collegiate Pacific relating to the resale by the selling securityholders named therein of (i) an aggregate of $50,000,000 of 5.75% Convertible Senior Subordinated Notes due 2009 issued by Collegiate Pacific in a private placement in November 2004 and the common stock issuable upon conversion of the notes and (ii) up to 83,126 shares of common stock held by two of Collegiate Pacific’s stockholders who received these shares of common stock as partial consideration for Collegiate Pacific’s acquisition of all of the shares of capital stock of their company.

          This prospectus supplement should be read in conjunction with, and may not be delivered or utilized without, the prospectus and previous prospectus supplements. This prospectus supplement is qualified by reference to the prospectus and previous prospectus supplements, except to the extent that the information in this prospectus supplement supersedes the information contained in the prospectus or the previous prospectus supplements.

          The following information updates the information provided in the table under “Selling Securityholders” for the selling securityholders named below:

						Shares of
	Principal Amount					Common Stock
	of Notes		Percentage			Issuable Upon		Percentage of
	Beneficially Owned		of Notes			Conversion		Common Stock
Name of Selling Securityholder	and Offered		Outstanding			of Notes (1)		Outstanding (2)
Deutsche Bank AG London (a)(13)	$	7,750,000		15.50	%		529,010		4.94	%
Van Kampen Harbor Fund (14)	$	3,000,000		6.00	%		204,778		1.97	%
Morgan Stanley Convertible Securities Trust (b)(15)	$	2,000,000		4.00	%		136,518		1.32	%

* Less than 1%.

(a)	This selling securityholder is an affiliate of a registered broker-dealer and has represented that it acquired its securities in the ordinary course of business and, at the time of the acquisition of the securities, had no agreements or understandings, directly or indirectly, with any person to distribute the securities.
(b)	This selling securityholder is a registered broker-dealer and has represented that it acquired the securities in the ordinary course of business and, at the time of the acquisition of the securities, had no agreements, directly or indirectly, with any person to distribute the securities.
(1)	Assumes conversion of all of the holder’s notes at an initial conversion rate of 68.2594 shares of common stock per $1,000 principal amount of notes. This conversion rate is subject to adjustment as described under “Description of Notes—Conversion.” As a result, the number of shares of common stock issuable upon

	conversion of the notes may change in the future. Holders will receive a cash payment for any fractional share amount resulting from conversion of the notes, as described under “Description of Notes—Conversion.”
(2)	Calculated based on Rule 13d-3(d)(i) of the Exchange Act using 10,183,493 shares of common stock outstanding as of February 14, 2006. In calculating the amount, we treated as outstanding the number of shares of common stock issuable upon conversion of all of that particular securityholder’s notes. We did not, however, assume the conversion of any other securityholder’s notes in such calculation.
(13)	Mr. Patrick Corrigan with Deutsche Bank Securities Inc. exercises investment and voting power with respect to the securities listed in the table. Deutsche Bank Securities Inc. is a registered broker-dealer.
(14)	Van Kampen Asset Management is the investment adviser for Van Kampen Harbor Fund. The portfolio managers with shared investment and voting power with respect to the securities listed in the table are Ms. Ellen Gold, Executive Director and Mr. David McLaughlin, Vice President.
(15)	Morgan Stanley Investment Advisors Inc. is the investment advisor for Morgan Stanley Convertible Securities Trust. Ms. Ellen Gold is the portfolio manager and also an Executive Director of Morgan Stanley Investment Advisors Inc. and exercises investment and voting power with respect to the securities listed in the table.

          Investing in the securities involves risks. See “Risk Factors” beginning on page 6 of the prospectus.

          Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or passed upon the adequacy or accuracy of this prospectus supplement or the accompanying prospectus. Any representation to the contrary is a criminal offense.

The date of this prospectus supplement is April 3, 2006.