Lefty Driesell revolves on, five more years if all is well, as coach of Maryland basketball in a renewal-with-raise affirmed yesterday, with the new athletic director, Dick Dull, putting it so:

"There's been a lot of speculation about how long Coach Driesell would be staying at Maryland. I just wanted to take the opportunity to show that Lefty's my coach and will be my coach for many, many years."

Well, maybe not that many. Said Driesell, who last week sans fanfare--or FanFare--took up the provision of his "revolving" agreement signed in 1981 (heading then into his 13th Terrapin year) that each year, he could renew for another five:

"I'll be 55 when this runs out and I'll probably be like Earl Weaver--ready to retire. At least, I think so."

For now, after Driesell's (said Dull) "finest coaching performance at Maryland, considering the talent he had" (16-13 for a 260-115 sum at College Park), onward and upward, from his previous $57,000 plus fringes, for the left-hander . . .

You know about J.R. Richard, now Mark Fidrych: The Bird, says the physician for a Red Sox team hoping to bring the right-handed ex-Tiger sensation back to the majors, is close to bringing it all back. Scrutinizing Fidrych and his problem arm at Pawtucket, Boston's AAA farm, Dr. Arthur Pappas reports, "They had the radar gun on him game before last. They had him at 85 mph. He'll go a little higher than that . . . add velocity as the year goes by. I think he'll always be a higher risk for injury than another guy, but the longer he goes without problems, the less chance of it happening."

Fidrych, 2-3 in the International League, lately beat the Yankees' talented Columbus club, 5-2, on seven hits in 7 2/3 innings; faces Clippers again Thursday. Pitching opponent for AL rookie of the year '76? Fresh from New York, AL rookie of the year '81, Dave Righetti. . . .

And, look at the Los Angeles organization: Make room, left-hander Fernando, here comes left-hander Fernandez? All Sid Fernandez, 19, did for Vero Beach--before Richard's Florida State League arrival--was pitch two no-hitters, strike out an FSL-record 21 Lakeland batters, fan 16 against Miami, 16 against Fort Lauderdale--then get the call to AAA Albuquerque. There the Hawaiian fireballer struck out 13 Phoenix hitters in six innings his first start, then 10 Tucson batters, and away we go . . . Signed by Cleveland, assigned to Indians' Batavia, N.Y., Class A club: 14th-round draftee Rod Peters, GWU infielder . . . Correction: Cincinnati Reds' tryout camp at Wheaton Regional Park is Friday, July 9 . . .

More baseball stamps coming from U.S. Postal Service: a Babe Ruth ('83) and a Roberto Clemente ('84) commemorative . . . Pictures at an exhibition today: Hyatt Regency's Ticonderoga Room, "Art for the Peoples of the Nation's Capital," by ex-NFL ball-carrier George Nock ($5 donation benefits Leukemia Society) . . . Coming up at Hyatt Regency July 16: Rock Newman's next boxing card, featherweight Derrik Holmes on comeback against Emilio Rodriguez, welter Lloyd (Honeyboy) Taylor vs. Manning Galloway, Irish Mike James vs. Tony Stern . . . Las Vegas' Caesars Palace reports boxing record $7,293,600 live gate for Holmes-Cooney, topping Holmes-Ali 1980 ($6.2 million) . . .