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The San Diego Yacht Club, becalmed by a New Zealand group`s lawsuit, may sail ahead with plans to defend its America`s Cup championship in 1991 because of an agreement Wednesday in New York.

The Mercury Bay Boating Club of New Zealand, suing to compete as early as 1988 in boats bigger than the customary 12 meters, agreed to withdraw a request to extend a judge`s temporary restraining order. The order had barred the San Diego club from setting the time and place of the next America`s Cup defense. Michael Fay`s suit is still pending. Justice Beauchamp Ciparick reserved decision on a move to amend the America`s Cup charter so that legal challenges like Fay`s would be prevented. The charter is under the

jurisdiction of New York`s Supreme Court.

North Korea could try to disrupt the 1988 Seoul Olympics with military action if its demands on co-hosting the Games aren`t met, according to a report. The Korea Development Institute, located in Seoul, warns in a report that the communist nation was capable of using military provocation to wreck the Games. ”Pyongyang will try to disrupt the Games by any means to justify its unprecedented demand to co-host the Games,” the report said. But it is unlikely that such a provocation could lead to a major war on the Korean peninsula, the government-funded institute said.

Walter Byers, the NCAA`s executive director, says he will turn his duties to Dick Schultz Oct. 1, much earlier than expected. Byers, 65, who has been chief operating officer of the NCAA for 36 years, announced his retirement last year and said at the time he would work with his successor for at least a year. The NCAA said Byers will become executive director emeritus. His primary responsibility will be development of a foundation for the NCAA and college athletics.

Former Maryland basketball coach Lefty Driesell soon will assume fulltime fund-raising responsibilities with the university`s Terrapin Club, athletic director Lew Perkins said.

Former world welterweight boxing champion Donald Curry was arrested and accused of not paying four traffic tickets when he went to the Arlington

(Tex.) jail to post bond for a friend. Police held Curry for about three hours until another friend paid $803 in ticket fines. Police said Curry was booked with an American Express card and about $60 cash. The jail accepts VISA and MasterCard to pay bond.

Bill Ociepka, who was 49-10 in his two seasons as basketball coach at Providence-St. Mel, has announced his resignation, citing family reasons. . . . Teams which won forfeits over Public League football teams this week because of the teachers` strike will meet in a controlled scrimmage Saturday in Hanson Stadium. The 1 p.m. scrimmage will be between Gordon Tech and St. Patrick. St. Francis de Sales will go against Weber at 3 p.m. Because of the strike, Public League teams have to forfeit games scheduled against nonleague schools unless the games can be rescheduled.

Billy Konchellah, the world 800-meter champion, failed to challenge the world record held by Sebastian Coe. The Kenyan, who won the gold medal in the World Championships in Rome last week, turned in a disappointing time of 1 minute 45.12 seconds in Munich. Coe`s record is 1:41.73. After his triumph in Rome, Konchellah had boasted, ”I`ll not only go for the world record, I`ll break it.”

Georgia Tech football players and fans couldn`t pass up the chance to poke some fun at their cross-state rivals over a mathematical error. The erroneous formula appeared on a chalkboard in a photograph of Kim Stephens, a Georgia Bulldogs player who received a degree in three years with a double major in math and math education and is playing his fourth season of football while working on a master`s degree.

The formula, a derivative of the general quadratic equation, had two figures transposed. ”Shoot, a Georgia player is finally getting a degree, and he can`t get the formula right,” said Georgia Tech tight end Chris Caudle, a management major. ”I was testing their intelligence,” Stephens responded.

”I know the right formula, and I wanted to see if they knew it.”

What`s a new football season without a Gerry Faust story? Faust can only hope a recent training table dinner with his Akron players was not a preview of the season. Several players remarked that the pepper steak was really hot. Half the team was still in the line when a fire alarm went off. It was followed by a recorded message, ”Please leave the building immediately. Please leave the building immediately.” Faust got up, conferred with management, and told his players, ”Let`s leave, guys. This is not a drill. It`s real.”

Most of the players reluctantly left the room, their meals cooling on trays. There was plenty of grumbling, except from a determined group of freshmen who simply picked up their loaded trays, marched outside and proceeded to picnic on the lawn. Firemen raced through the building looking for something to extinguish. ”See coach,” said one player, ”I told you the steak was hot.”