* Chicago White Sox -- Announced they would not exercise the 1992 option on Carlton Fisk (catcher). Exercised the 1992 option on Charlie Hough (pitcher).
* Minnesota Twins -- Announced they would not exercise the 1992 option on Junior Ortiz (catcher).
* Montreal Expos -- Named Kevin Malone scouting director.
* St. Louis Cardinals -- Exercised the 1992 option on Ozzie Smith (shortstop).
* Dallas Mavericks -- Signed Doug Smith (forward) to a four-year contract. Placed Herb Williams (forward) on the injured list.
* Denver Nuggets -- Placed Anthony Cook (forward) on the injured list. Signed Walter Davis (guard).
* Golden State Warriors -- Signed Billy Owens (forward) to a seven-year contract.
* Buffalo Bills -- Activated Jeff Wright (nose tackle) from injured reserve. Waived Reggie Rogers (defensive end).
* Miami Dolphins -- Waived Dave Zawatson (offensive tackle). Activated Bryan Cox (linebacker) from injured reserve.
* New Orleans Saints -- Placed Dalton Hilliard (running back) on injured reserve. Signed Stanford Jennings (running back).
* San Francisco 49ers -- Waived Greg Joelson (defensive end). Activated Brent Jones (tight end) from injured reserve.
* New Orleans -- Declared Sydney Rice (center-forward) academically ineligible for the first semester.