Baltimore Orioles -- Signed seven players: DH-OF Larry Sheets, OF Ken Gerhart, LHP Eric Bell, RHP John Habyan, RHP Mike Skinner, OF-1B Jim Traber and SS Ricky Jones. Still unsigned: RHP Ken Dixon, RHP Nate Snell, C Al Pardo, IF Kelly Paris and 2B Rex Hudler. Nonroster RHP Odell Jones reported to camp a day late (excused) after playing winter ball.

Minnesota Twins -- Signed and assigned to AAA Toledo P Eddie Hodge and C-3B Marty Castillo. COLLEGES

ACC Women's Gymnastics -- N.C. State junior Leah Ranney placed second in three of four events to win the all-around title and North Carolina defended its team title Friday at Raleigh, N.C. Maryland, helped by Robin Swick's victory in the floor exercise, was second.

Dayton -- Athletic Director Tom Frericks said his school and three other Midwest independents -- De Paul, Notre Dame and Marquette -- may unite to form a basketball conference by the 1987-88 season. HOCKEY

Buffalo Sabres -- Announced RW Norm Lacombe (broken jaw) will be out six weeks and C Dan Lever (torn rotator cuff) will be out eight weeks. Called up W Jody Gage from Rochester. TRACK

Al Walton of Washington, D.C., won the 300-yard run (32.49) and was second in the 60-yard dash (6.24) at the U.S. Masters Track and Field Championship in Baton Rouge, La. LOCALLY

The Ed Kranepool Society will hold its first New York Mets fan club banquet March 5 at the Roma Restaurant. Kranepool is scheduled to make a guest appearance. Tickets are $20 and include membership to the organization. For information, contact Howard Goldblatt.