Washington Bullets guard Ledell Eackles will not report to training camp with the veterans Oct. 5 and will hold out, his agent, Eddie Sapir, said yesterday.

In a bizarre summer of non-negotiation, Eackles, a restricted free agent, has spent much of his time in Washington taking part in area clinics. But Sapir and Bullets General Manager John Nash have not spoken for several weeks. The sides have been more than $5 million apart for better than two months.

Eackles is supposed to replace Jeff Malone, whose 24 points per game were traded to Utah in June as part of the deal for center-forward Pervis Ellison. But Eackles will not be in camp at Mount St. Mary's. Rookies and free agents are scheduled to report next Monday, with veterans coming in four days later.

"The games are really over," Sapir said. "I think there's a point in any negotiation that each side has to recognize that the other side is serious. And we're serious. . . . I've got to demand fair market value."

Said Nash: "I need to know what {Sapir}'s holding out for, and until he calls me, I don't know what he wants. I can't make him an offer if he won't take my phone calls. He's got a long wait, I'm afraid."

Eackles is looking for $8 million over four years; the Bullets have countered with $2.8 million over four. When negotiations originally stalled, Nash suggested that Sapir get offer sheets from other teams. Other than a perfunctory discussion with the Los Angeles Lakers, Sapir hasn't called on other teams. And he also "definitely" rejected out of hand a Nash suggestion that Eackles sign a one-year deal that would allow him to become an unrestricted free agent after this season.

"John wants me to prove something to the NBA," Sapir said. "I don't need to do that. John wants me to prove that I have a good player. He wouldn't have traded Jeff Malone and spoken of Ledell as a starter if he didn't think Ledell could play. John knows he's getting a good player."

It is possible, Nash said, that the Bullets could get in the market for an off-guard if the price isn't too steep.

"I thought long and hard about Terry Teagle," Nash said in reference to the Golden State Warriors guard traded to the Lakers Tuesday. "If he had been a little younger, I think we would have had some interest. But he's 30 years old. It's difficult to justify trading a 29-year-old {Malone} and come back with a 30-year-old."

Holdouts are anathema to Bullets owner Abe Pollin, but Sapir said he was willing to take the chance.

"Mr. Pollin owns the team," he said. "I certainly can't change his philosophical thinking. Nobody wants to sign with the Bullets more than Ledell. I said this from day one, when I rejected {former general manager Bob} Ferry's letter. I've done everything I can do. I haven't exhausted Europe like some people have. I haven't tried that as a negotiating tool . . . but you have to look at {other players} and realize what they're doing in 1990."

Said Nash: "He thinks Ledell should make a lot of money because we're under the {NBA salary} cap a lot. That, to me, makes no sense at all. The player's being offered a contract according to what he's done in the two years in the league."