Phoenix Suns president Jerry Colangelo, who headed a group that bought the NBA club for a record $44.5 million last month, said yesterday he will turn down an offer to sell the team for $60 million.

Colangelo said he received the offer Tuesday from an out-of-town businessman whom he would not identify.

"The offer was for $60 million. It also included an offer for a 50 percent ownership plus $30 million cash if we didn't accept the $60 million cash," said Colangelo.

Colangelo, who is the Suns' chief executive officer, said the offer also included a promise to construct a 25,000-seat arena for the team in another city.

For the past month, Colangelo has been meeting with Phoenix city officials in an attempt to get a new 18,000-seat arena built here next to a possible hotel complex . . .

The comeback of Kermit Washington, who returned to the NBA after a five-year absence, apparently is over. The Golden State Warriors requested waivers on the 36-year-old power forward.

The team also asked waivers on guard Dirk Minniefield, who was acquired in the Nov. 5 trade that sent guard Purvis Short to the Houston Rockets. Forward Chris Washburn, who was on the injured list with a bruised thigh, was activated.

Washington, a former American University star, retired in 1982 after nine NBA seasons. He was offered a tryout with the Portland Trail Blazers in training camp this year but failed to make that team. The Warriors signed him Oct. 13 and he played in only six regular season games, averaging 9.3 minutes, 2.7 points and 3.2 rebounds per game.