"He [Threatt] can play both point guard and off-guard, and will help help us with his defense, shooting and play-making abilities," Lakers general manager Jerry West said.
* Four-time All-Star Maurice Cheeks was traded by the New York Knicks to the Atlanta Hawks for Tim McCormick.
Cheeks, a 13-year veteran who is the NBA career leader in steals and is fifth in assists, became expendable when the Knicks drafted Greg Anthony No. 1 and when coach Pat Riley said Mark Jackson would be the starting point guard.
The International Tennis Federation conditionally readmitted
South Africa, allowing the nation to be eligible for next year's Davis Cup and Federation Cup and to nominate players for the 1992 Olympics.
South Africa last played in international competition in 1978, four years after it won the Davis Cup.
* John McEnroe, the former world No. 1 now ranked 28th, has played his way into contention for a place on the U.S. Davis Cup team that will defend its title against France in the final next month, captain Tom Gorman said.
Boosting McEnroe's chance of securing a spot on the squad was Tuesday's announcement by the host nation that the Nov. 29 to Dec. 1 final in Lyon will be play on a fast surface -- indoor supreme court carpet.
Gorman said other leading contenders for the two singles spots were Andre Agassi, Jim Courier and Pete Sampras.
* Three-time champion Ivan Lendl rallied from the brink of defeat and beat American Scott Davis, 6-4, 6-7 (5-7), 7-5, in the second round of Australian Indoor championship in Sydney. Davis served for the match at 5-4 in the final set, but Lendl won three straight games to win the match.
Heavyweight George Foreman has settled a $100 million lawsuit he filed against champion Evander Holyfield and Holyfield's promoter. The suit claimed Holyfield and his promoter breached a contract worth more than $20 million.
Terms of the settlement were reached Tuesday and were not released, the Houston Chronicle reported.
* Michael Watson, 26, is showing signs of regaining consciousness, 11 days after suffering a brain injury in a World Boxing Organization super-middleweight title-fight loss to Chris Eubank, hospital officials in London said.
The U.S. Olympic Committee is turning to state lotteries as a new source of funding, one that could generate as much as $25 million by 1996.
A test program in at least 15 states, scheduled around the Winter Olympics in Albertville, France, and the Summer Games in Barcelona, Spain, could raise as much as $2 million, Olympic officials said.