June 30, 1997 12:00 PM

Breaking up can be hard to do, especially if you live in Aspen and your motorcycle and sports car are at your former mate’s house in Cocoa Beach, Fla. That was the dilemma facing Martina Navratilova after her March split with model Hunter Reno, the niece of U.S. Attorney General Janet Reno. So, earlier this month, Navratilova flew to Florida with two assistants to pick up the Harley-Davidson (she owns three) and her Porsche (she owns two). The trio then set out on an eight-day, 1600-plus-mile ride back to Colorado. The retired tennis star spent much of the trip on the Harley and was “fairly anonymous under a helmet,” says a source, adding that the women booked no rooms and stayed mostly at cheap motels along the way. “It was a big shock to Martina’s system,” the source says, “seeing how real people travel.”…

Is Ray Manzella, who is in his late 40s, still doing double duty as Jenny McCarthy’s manager and boyfriend? Or is he, after two years of romantic involvement with the 24-year-old MTV favorite, about to become simply her manager? One source tells me the age difference bothers McCarthy, while another says the actress, who has a new NBC sitcom due this fall, has tried to break up with Manzella several times, “but his Svengali effect over her always keeps her coming back.” McCarthy’s rep insists the two are together, but I won’t be surprised if that changes….

Is there a sitcom in Cher’s future? The folks at Carsey-Werner (The Cosby Show, Roseanne) confirm they’ve had preliminary discussions with her about developing a series, but no concept has been decided on yet. Coincidentally, Cher recently ended her two-year association with the William Morris Agency and signed on with International Creative Management….

It’s always a family affair when Walter Matthau, 76, makes a movie because since 1991 he has included in every contract a stipulation that his son, director-producer Charles Matthau (The Grass Harp), 32, be paid $100,000 of the actor’s salary, plus expenses incurred while visiting his father on the set. The younger Matthau admits the arrangement smacks of nepotism but insists, “It’s not money for nothing,” since he helps manage his dad’s career and even persuaded him to do such successful films as Grumpy Old Men, which, he adds, “had a script my father originally hated.” Matthau’s even a bargain of sorts, since his price hasn’t gone up relative to his father’s salary. “I got $100,000 when my father was making $2 million per picture,” he says. “I still get the $100,000 even though his fee has tripled.”…

And finally, that was Arnold Schwarzenegger browsing for bargains on a recent Sunday morning at a low-end flea market in Pasadena, Calif. At the time a source spotted him, Schwarzenegger, dressed in an orange Hawaiian shirt and khaki shorts, was walking around empty-handed. My source, meanwhile, managed to pick up a matching wicker love seat and coffee table for $35.

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