Objective Explore the association between varsity athletes' fitness perceptions and symptoms of depression while sidelined from sport for an extended period, and test whether fitness-related self-conscious emotions (i.e., shame, guilt, authentic pride, and hubristic pride) mediate this relationship. Participants Varsity athletes (N = 124) from a large university in Canada where sports had been restricted for the past year due to the pandemic. Method Participants completed a cross-sectional self-report survey. Regression analyses testing mediation (i.e., direct and indirect effects) were used to explore the main research aim. Results Controlling for age and gender, separate models demonstrated significant indirect effects of fitness perceptions on depression symptoms through shame, guilt, and authentic pride, but not through hubristic pride. Conclusion Self-conscious emotions may be used as a tool to mitigate depression symptoms when varsity athletes are sidelined from sport for an extended period. Further research is needed to understand how self-conscious emotions develop when athletes are injured or retired.