Johnny Lipon, ex-big league player and manager, will manage the 1982 Alexandria Dukes . . . but first off:

Marques Johnson has signed an eight-year, probably $8 million contract to resume all-star forwarding for the Milwaukee Bucks. Whatever he settled his holdout for, subtract "18/82nds of my salary for this year," said Johnson after rejoining the team yesterday. He's missed that many -- the Bucks going 12-6 and building a 2 1/2-game lead in the NBA Central Division anyhow -- before suiting up for last night's home game against Houston, and estimates it will take about two weeks "to get my timing back" . . .

Assuming Johnson will be out front in the Bucks' monthly Pro Report tabloid for January, better luck to him than the December cover guy: Bob Dandridge. By the time it hit our desk, Dandridge was an ex-Buck, waived Thanksgiving eve. Still, his three-page interview was nice reading, e.g., Bobby D. the ex-Bullet saying, "I see people in Washington with $85,000-a-year jobs now standing in the unemployment lines with pin-striped suits and Brooks Brothers shoes on. When you see this happening you realize that, hey, maybe playing ball with a little discomfort might not be that bad after all" . . .

In Lipon, 59, the Dukes get from the Pittsburgh Pirate organization a gent who managed their Class AA Buffalo club in '81 and guided Salem, Va., to a '74 Carolina League pennant and second in its division in '80. He was Detroit Tigers' regular shortstop 1948-51 and can show the Dukes how he hit .290 and .293 his peak years, and interim-managed Cleveland (18-41) in 1971 . . . The Pirates also send a pitching coach to Alexandria: former Montreal Expo lefty Dan Warthen . . .

Serge Savard, a member of eight Stanley Cup winners in 15 years at Montreal, comes out of retirement at 35 to solidify the Winnipeg Jets' youthful corps of defensemen. Future considerations to the Canadiens freed him to sign a two-year Jet contract . . . The Kansas City Kings, shelving center Joe C. Meriweather (knee ligaments, six-eight weeks, minimum), activate swingman Hawkeye Whitney, De Matha's own, from the injured list he had occupied since January knee surgery; the Boston Celtics activated Danny Ainge, their hard-bought rookie guard, and sold Tracy Jackson, pride of Paint Branch, to the Chicago Bulls . . .

In college football, Kentucky grad Howard Schnellenberger ended weeks of speculation by deciding to stay at U. of Miami. A new five-year contract for an estimated annual $150,000 in pay and fringes expected by week's end . . . Virginia is down to three or four candidates to be interviewed in Charlottesville next week. A.D. Dick Schultz wouldn't name them, but one who admits having applied is Wayne Howard, who left Utah after an 8-2-1 season to seek a new challenge.

L.A. Ram Coach Ray Malavasi has opted to start Dan Pastorini at quarterback Monday night against Atlanta, so if Jeff Kemp is to become a second-generation pro starter it won't be before Rams-Redskins Dec. 20 . . .

A. In there with Navy's Roger Staubach among 11 inductees this week in College Football Hall of Fame: Alvin Wistert, Michigan lineman 1947-49, brother of Hall of Famers Albert Wistert, Michigan 1940-42, and Francis (Whitey) Wistert, Michigan 1931-33.