Cleveland Indians: Declined to exercise contract options on 1B Paul Sorrento and P Mark Clark. Signed P Paul Assenmacher to a two-year contract with a club option for 1998. Signed IF Don Sparks to a minor-league contract.
Colorado Rockies: Agreed to terms with OF Dante Bichette for three years and P Darren Holmes for two.
San Diego Padres: Named Grady Little bullpen coach.
Los Angeles Dodgers: Agreed to terms with first base coach Reggie Smith, third base coach Joe Amalfitano, pitching coach Dave Wallace, bench coach Bill Russell, bullpen coach Mark Cresse and special assignment coach Manny Mota. Named former Orioles manager Phil Regan manager of Triple-A Albuquerque.
Montreal Expos: Rick Sofield will return as manager of Single-A West Palm Beach.
New York Yankees: Named Joe Torre manager and signed him %% for two years. Named Brian Cashman assistant GM.
Oakland Athletics: Offered P Todd Stottlemyre salary arbitration.
San Diego Padres: Named ex-O's minor-league coach Grady Little bullpen coach.
Texas Rangers: Will not exercise options on OF Otis Nixon. Will not offer arbitration to P Danny Darwin, P Roger McDowell, P Bob Tewksbury, P Bobby Witt, DH Mickey Tettleton and IF Mike Pagliarulo.
Harrisburg Senators (Double-A): Manager Pat Kelly and pitching coach Bo McLaughlin will return.
Boston Celtics: Waived G Fred Vinson. Placed F-C Pervis Ellison IR.
Charlotte Hornets: Waived G Corey Beck. Activated G Michael Adams. Assigned G Muggsy Bogues (Dunbar), C LeRon Ellis and F Scott Burrell to injured list.
Dallas Mavericks: Placed C Donald Hodge on IR and F Roy Tarpley on suspended list.
Houston Rockets: Placed F-C Mark Bryant on injured list.
Indiana Pacers: Waived G Damon Bailey.
Los Angeles Clippers: Waived F Ma Jian. Placed G Pooh Richardson on IR.
Los Angeles Lakers: Placed G Eddie Jones on injured list.
Milwaukee Bucks: Signed free-agent F Terry Cummings for one year.
New Jersey Nets: Placed F Derrick Coleman, F Sean Higgins and C Robert Werdann on injured list.
Orlando Magic: Waived F Todd Mitchell and G Kevin Pritchard. Placed C Shaquille O'Neal and G Darrell Armstrong on the injured list.
Philadelphia 76ers: Waived G Rick Brunson.
Sacramento Kings: Placed F Corliss Williamson and G Clint McDaniel on the injured list.
San Antonio Spurs: Placed F Carl Herrera on injured list.
Toronto Raptors: Waived C Andres Guibert, G Chris Whitney and G Dwayne Whitfield.
Washington Bullets: Placed F Chris Webber on injured list. Deactivated F Derek Smith.
Vancouver Grizzlies: Placed F Doug Edwards, C Rich Manning and G-F Gerald Wilkins on the injured list.
MA Miami Dolphins: Re-signed TE Joe Planansky to practice squad.
Calgary Flames: Fired GM Doug Risebrough.
Chicago Blackhawks: Reassigned G Jimmy Waite to IHL Indianapolis.
Dallas Stars: Recalled D Mike Lalor from IHL San Francisco.
Toronto Maple Leafs: Sent RW Zdnek Nedved on loan to AHL St. John's.