Sugar Ray Leonard's attorney ridiculed yesterday a report from Los Angeles that the new World Boxing Council welterweight champion had been offered $2.5 million to fight Jose (Pipino) Cuevas for the undisputed world title. Cuevas is the World Boxing Association titleholder.

Matchmaker Harry Kabakoff of Los Angeles was quoted by the Associated Press as saying such a bout could gross $10 million to $12 million and would be held in May in the Los Angeles Coliseum.

Attorney Michael Trainer of Silver Spring, who handles Leonard's finances, said, "I've never even been introduced to anyone associated with Cuevas.

"If there were a $12.5 million promotion, do you think Sugar Ray would accept only $2.5 million? Who would be making the other $9.5 million? If that is a proposition, it is not close to what we would want.

"We've got enough fights in mind to last us for more than a year -- with people such as Davey Green of London, Roberto Duran, Wilfred Benitez or Tommy Hearns."

Chuevas is scheduled to defend his WBA title Saturday night in Los Angeles against Angel Espada. Trainer surmised it is not selling well and the promoters are trying to hype the promotion by suggesting that Leonard might fight the winner.

Trainer said Bob Arum, promoter of the Leonard-Benitez bout, had asked Leonard to go to Los Angeles and watch Cevas work out, to help boost the bout with Espada, but Leonard declined.