Southern Methodist will receive no football revenues from television or bowl appearances by representatives of the Southwest Conference in the 1988 season, the conference decided at its winter meetings in Dallas yesterday.

Conference officials also decided that the 50 percent of revenues the Mustangs are eligible for this season will be placed in escrow and given to the school when it resumes playing football in 1989.

The school's share of SWC bowl and television revenues was trimmed by 50 percent because the school is on NCAA probation.

Conference Commissioner Fred Jacoby said about $300,000 will be placed in escrow. SMU will lose about $600,000 in 1988 because of NCAA and SWC penalties.

"SMU says it will play a full schedule in 1989, so the money in escrow will be returned then," Jacoby said. "SMU will play the same conference dates in 1989 that it had scheduled for 1987."

The NCAA ruled the Mustangs would not be allowed to play football in 1987 because of numerous rules violations. The school canceled its 1988 schedule . . .

Coach Dick MacPherson of Syracuse, who restored the Orangemen to national prominence in guiding the team to its best regular season record in 98 years of football, has been named coach of the year by the Walter Camp Football Foundation.

The selection of MacPherson for the award, which went to Jimmy Johnson of Miami last year, was announced by Benjamin J. Tortora, president of the foundation.

According to Tortora, MacPherson was chosen for the award because of his "demonstrated ability to inspire ultimate performance by the players placed under his charge while, at the same time, instilling in them the paramount importance of sportsmanship and fair play."

In his six years at Syracuse, MacPherson has a record of 41-36-1 . . .

Clemson got two goals from Pearce Tormey and a goal and an assist from Bruce Murray of Germantown, Md., as it defeated North Carolina, 4-1, in the semifinals of the NCAA soccer tournment at Clemson.

The Tigers (17-5-1) will play San Diego State (20-5) for the championship Sunday. The Aztecs stopped Harvard, 2-1, in the earlier semifinal, winning in a shootout. Harvard finished at 14-1-3 and North Carolina's season ended at 20-5.