Kentucky has become the fourth U.S. university to cancel a visit by the Soviet basketball team, naming the Netherlands' national squad as the replacement Nov. 22 in Lexington's Rupp Arena . . . The U.S. world freestyle wrestling team leaves today for the U.S.S.R. (world meet in Kiev, Sept. 26). Coach Dan Gable and his charges were stopped in 1980 by the Carter Olympic boycott. Now the Reagan ban on Aeroflot travel and an Air France moratorium on flights to the Soviet Union force a 24-hour train trip from Budapest. Says a USA Wrestling Inc. official: "This is really the biggest step of all leading up to the Olympics. It's really imperative for Dan to be there" . . .

In track, England's middle-distance ace Sebastian Coe says, as he strives to shake that glandular infection, "I won't worry about anything other than getting fit for the Olympics and I won't be taking part in any major competitions between now and then" . . . Coe, 1,500-meter gold medalist in Moscow '80, recently hinted he might move up to the 5,000. And look who's back in training, eyeing Los Angeles '84: the supposedly retired Finn who won gold at 5,000 and 10,000 in the 1972 and '76 Olympics, Lasse Viren . . .

The world turns, and the West Berlin Senate has decided to rename Stadium Avenue, leading to the Berlin Olympic Stadium . . . Jesse Owens Avenue.