Florence Griffith Joyner, who became a millionaire with the help of three Olympic gold medals and two world records, then retired from track and field this year, is putting some of her finances back into the sport.

The sensational sprinter has formed the Flo-Jo International Track Club, with the main purpose of "creating a winning U.S. Olympic team and developing more gold medalists," her financial adviser, Gordon Baskin.The members of the team are Andre Phillips, the 1988 Olympic 400-meter intermediate hurdles gold medalist; Alice Brown, a 400-meter relay gold medalist and 100-meter silver medalist at the 1984 Games; intermediate hurdlers Sandra Farmer-Patrick and David Farmer, and long jumper Gordon Laine.

Each of the five, "who has Olympic potential," was given $10,000 by Griffith Joyner.

Locally . . .