I do in fact have pages with all the options as well as photos that change by the user selection (seen in the link below). I was unsure of potentially being penalized by Google for breaking out each TEAM in each SPORT to have it's own page. There would be value in this as I could create Individual Team "Landing Pages". If I'm going to have to write descriptions for the same product as amany as 200+ times, it's not going to be possible.
Here's an example of a Product Page with all options:
http://www.picnicandtailgate.com/products/reclining-camp-chair-with-mlb-logos-by-picnic-time