Milwaukee Bucks -- Signed G Jeff Grayer to a 1-year contract.
Washington Bullets -- Waived G Byron Irvin.
UMBC -- Announced that Joe Ratcliff has been named assistant coordinator of aquatics, Roy Henderson volunteer assistant men's basketball coach, Jill Rutten assistant women's soccer coach and Ann Muhvich assistant women's lacrosse coach.
NFL -- Reinstated Detroit Lions DB Terry Taylor after he was banned for violating the league's substance-abuse policy. The reinstatement will take effect Monday, and Taylor is eligible to play Sept. 29.
Houston Oilers -- Placed WR Leonard Harris on IR. Activated WR Gary Wellman.
Chicago Blackhawks -- Traded RW Wayne Presley (15 goals, 19 assists) to the San Jose Sharks for a third-round pick in the 1993 draft.
Los Angeles Kings -- D Tom Laidlaw agreed to a buyout offer, reportedly for $455,000.
New Jersey Devils -- Traded F Kirk Muller (19, 51) and minor-league G Rollie Melanson to the Montreal Canadiens for RW Stephan Richer (31, 30) and RW Tom Chorske (9, 11).
Philadelphia Flyers -- Sent RW Clayton Norris to Medicine Hat (WHL).
St. Louis Blues -- Signed RW Kelly Chase to a multiyear contract.
New York Kick (NPSL) -- Traded G Mark Simpson to the Chicago Power for F Scott Cook.