The Washington Bullets have left open the possibility that veteran forward Bob Dandridge may return to the team.

"Our position is we won't guarantee anything, but if he wants to come in and try to make the team without a guarantee, then I think something can be worked out," General Manager Bob Ferry said yesterday. "I've talked with Bob's agent and they want financial guarantees that we aren't in a position to offer. I'm not sure if Bob could help us or not, but if he's healthy, we'd like to see if he can."

Dandridge was unavailable for comment, as was his agent, Scott Lang, but Lang said Friday that he was trying to work out a deal with the Bullets.

Dandridge is a free agent, but has not been offered a contract by any team, although several have shown interest in him.

Lang also represents guard Kevin Grevey, who has not signed his contract or practiced with the team. The Bullets matched the four-year, $1.4 million offer the Indiana Pacers made for Grevey, thereby retaining his services. But some of the incentives and bonuses in the contract had to be worked out before it could be signed.

"It's just a matter of getting Grevey's agent here so he can sign it," Ferry said. "There's no problem."

There could be a problem with Frank Johnson, however.

The No. 1 draft choice agreed to contract terms last week, but failed his physical because of what the Bullets are now describing as hypertension.

Johnson was put on medication and will see the Bullets' internist, Dr. Herbert Singer, today. If everything is progressing normally, Johnson should be able to practice by Friday.

Neither Ferry nor Johnson's attorney, Bill Pollack, was certain how the illness would affect the contract they agreed on in principle before the ailment was diagnosed.

Johnson was reportedly ready to sign a five-year contract, paying him about $200,000 annually, the first four years of it guaranteed.

"I don't know how all of this will affect the agreement we had," Ferry said. "There are some things that have to be worked out.

"As far as I'm concerned we still have a deal," Pollack said. "Frank's condition isn't serious and it's very treatable with medication. It shouldn't affect his ability to play basketball at all."

Free agent center Joe Pace, who disappeared after the first practice last Friday, returned Saturday. After a talk with Coach Gene Shue, Pace was allowed to stay; he has been punctual every since.

"He just had a personal problem," Ferry said of Pace, who also missed practices and games when he was with the Bullets previously.

"We aren't going to put a guy on waivers just because he misses one practice."

Jeff Ruland sprained his left ankle Saturday and will be sidelined at least until Thursday . . . Ferry and Shue have been impressed with second-round draft choice Charles Davis of Vanderbilt. He is competing with Carlos Terry and Don Collins for the starting small forward spot.