Ed Badger met with Henry Winkler -- no, no, not the Fonz; the university president -- and rescinded his two-day-old resignation as Cincinnati Bearcat basketball coach yesterday.

"I was utterly frustrated," Badger said of his decision Saturday. His team was 6-4 going into the Dayton game and had just lost two players to low grades as the last straw in a string of ineligibilites, incidents, recruiting missteps, losses (13-14 last year) -- all in the shadow of a two-year NCAA probation imposed because of recruiting violations committed before he came to UC.

"I wanted him to know," Winkler said after their conference, "that his frustrations were frustrations which have been shared."

Cincinnati beat Dayton, 69-68 (a week after losing to top-ranked Duke in overtime at Durham), Winkler assured Badger that an academic supervisor will be assigned to the team, and Badger, once Dick Motta's successor as coach at Chicago in the NBA, promised to stay and "step by step, try eliminating the problems" . . .

Bum Phillips and his Oilers were cheered by 55,000 fans in the Astrodome on their Sunday night return to Houston from Pittsburgh -- a turnout topping the 47,000 of the remarkable rally in the wake of their year-earlier playoff loss to the Steelers.

Coach Phillips' emotions welled over, and he told the crowd in quivering voice, "I want to tell you why I don't want to say anything. It's because I'm crying."

But he dabbed his eyes and sounded out: "Last year we knocked on the door. This year we beat on the door. Next year, we're gonna kick in the SOB" . . .

UPI says it doesn't care what that Baltimore paper says, Mike McCormack will be interviewed for the Colt head-coaching vacancy. Today -- with Mac's wife saying from Cincinnati (where he is a Bengal assistant) he was to fly to Baltimore last night . . .

This is a somber day in Jackson, Mich., with the 1,048 students of Lumen Christi High School off for the funeral of Jim Crowley, Michigan's coach of the year in Class B after guiding their team to the state football title a few weeks ago. Crowley was slain by a masked robber outside his home Friday night; no leads at last report on the culprit, who shot the coach just after Crowley had sent his daughter, 13, inside. Crowley, was 44 and owned a 127-34-6 record for 17 years . . . .

Robin Ficker, Montgomery County runnin' legislator, was on the horn with high officialdom trying to get the wheels turning toward a move of the 1980 Summer Olympics from Moscow to Montreal -- even before President Carter's Friday night speech on the U.S.S.R. and Afghanistan.

Ficker, combining his dual interests of athletics and politics, talked to Mayor Jean Drapeau of Montreal, guiding force in winning the 1976 Olympics; James Worrall, senior representative on Canada's Olympic Committee, and Rober Neilson, chairman of Canada's Olympic Installation Board.

Then this member of the House of Delgates in Annapolis wrote Lord Killanin, the head of the International Olympic Committee. Ficker asked to go before the IOC when it meets in Lake Placid on Feb. 9 and request then and there that it vote to switch the Games from the Soviet Union to Canada, where he said he had been assured, as he expected, the 1976 facilities are still available for reuse. . . .

Not very encouraging, then, must have been the word from Canadian Olympics brass yesterday that their delegation intends to honor commitments to compete in Moscow, barring catastrophe more catastrophic than recent developments. . . .

No end to the U. of New Mexico mess. Now starting basketball guards Keith Magee and Michael Johnson have been declared scholastically ineligible to play next semester (after this week's games). This reduces the squad to seven; Magee was the Lobo football player who volunteered for basketball after the phony-credits scandal decimated the team last month. . . .

Major league baseball holds its winter amateur draft today. Toronto gets No. 1 pick in the regular phase; Boston first in the secondary phase made up of players unsigned from previous draft.