New York Yankees -- Announced the...

BASEBALL (AL) *

December 06, 1991

BASEBALL (AL) * New York Yankees -- Announced the resignation of Robert Nederlander (managing general partner) effective Dec 31.

* Texas Rangers -- Extended the contract of Bobby Valentine (manager), Tom Grieve (general manager) and Sandy Johnson (assistant general manager) through the 1993 season. Signed Tom Drees (pitcher) to a contract with Oklahoma of the American Association.

BASKETBALL (NBA) * Charlotte Hornets -- Signed Kevin Lynch (guard-forward).

* Los Angeles Lakers -- Signed Chucky Brown (forward).

* Minnesota Timberwolves -- Placed Felton Spencer (center) on the injured list.

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