SNIPES NETS DRAW Renaldo Snipes, fighting for the first time since he knocked down Larry Holmes in an unsuccessful bid for the heavyweight title, rallied in the last two rounds Sunday and gained a ten round draw with tough Scott Frank. Frank was the aggressor for most of the fight and seemed on his way to an upset when Snipes got his act together in the final rounds. In the ninth. Snipes scored with several jabs and three or four good left hooks to the head. Then in the tenth, he almost floored Frank with a mighty right and left to the head. Frank was hurt and when he went to grab Snipes, he fell. Referee Tony Perez called it a slip. Frank also lost his balance and fell in the middle of the round and then Snipes missed a big left hook, spun around and fell. Judge Harold Leder-man Leder-man favored Frank, &-3 with one round even. Judge Charles Spina called it 5-5 and Perez had it 4-4-2. It was a draw because two officials must favor a fighter in order for him to win. In the first four rounds, Snipes, who weighed 214, played into Frank's hands by fighting inside. Then, in the fifth and sixth rounds, Snipes began to move and use his jab. However, Frank, 208, came on in rounds seven and eight of the nationally televised bout. In the seventh. Frank put Snipes back on his heels with a smashing left hook. In the eighth round, he brought a roar from the crowd when he sent Snipes to the ropes w ith a right to the head followed with a right and left hook World Boxing Council light heavyweight champion, D wight Braston knocked Jerry Martin down twice in the second round and then battered him around the ring at w ill before referee Davey Pearl stopped the fight at 2:30 of the sixth round at Las Vegas. Aaron Pryor softed up Miguel Montilla with a barrage of punches in the 11th round and then pounded the Dominican fighter into defeat in the 12th to retain the World Boxing Association junior welterweight championship.