NFL All-Pro Team -- Five members of the Chicago Bears, whose 15-1 record was by far the best in the NFL this season, head the Associated Press team. Two of the Bears, RB Walter Payton and LB Mike Singletary, were among 10 repeaters from last season's team; the other Chicago players honored were DE Richard Dent, DT Steve McMichael and OT Jimbo Covert. The Chicago contingent was one more than that representing the 12-4 Los Angeles Raiders -- RB Marcus Allen, TE Todd Christensen, DE Howie Long and CB Mike Haynes. The Washington Redskins were represented by G Russ Grimm and WR Art Monk.

Baltimore Stars (USFL) -- A spokesman said the team plans a financial reorganization totaling $6 million. All current owners of the Stars have been asked to buy shares in a corporation headed by Myles Tanenbaum, the managing general partner of the team, it was reported. In addition, the club reportedly will have new local investors to help defray operating costs. COLLEGES

Connecticut -- Announced basketball star Earl Kelley was put on disciplinary probation for the remainder of his senior year and was barred from university housing and dining facilities because of his role in a harassment incident. HOCKEY

Pittsburgh Penguins -- Sent RW Jim McGeough to Baltimore of the American Hockey League for conditioning purposes. McGeough, a former Washington Capital, suffered a sprained left knee against Washington Nov. 6 and has missed 22 games.

Buffalo Sabres -- Recalled F Adam Creighton and F Norm Lacombe from the Rochester Americans of the AHL. BASKETBALL

Chicago Bulls -- The cast on the broken left foot of star Michael Jordan has been replaced by a walking cast, and team physicians said he may be able to play again in three weeks. Jordan broke the foot in the third game of the season. TENNIS

National Amateur Indoor Championships -- Tournament will begin today at 9 a.m. at Fairfax Racquet Club and will continue through Wednesday. Many of the nation's top collegiate players are entered.