The Associated Press
MIAMI Ä Miami Heat first-round draft pick Khalid Reeves, who led Arizona to the Final Four in 1994, signed a multiyear contract Monday.
Reeves, a guard, was drafted by the Heat with the 12th pick.
The terms and length of the agreement were not announced, however The Miami Herald reported in its Monday editions that the Heat and Reeves were close to terms on a five-year contract believed to be worth $8.5 million.
The Heat hope Reeves, 23, can eventually replace Brian Shaw as the starting point guard, though he hasn't played the position since his freshman year in college. Shaw signed with the Orlando Magic in the offseason.
Reeves was third on the UA's career scoring list and 14th on the Pac-10 Conference's list with 1,925 points.
He was the only player in school history to score over 800 points in a season (848 points for a 24.2 average). He averaged 27.4 points in the five NCAA tournament games and was named the West Regional Most Outstanding Player.
Negotiations improved dramatically Sunday night only hours after talks seemingly had collapsed, the Herald said. Reeves, who took a team physical on Thursday in Miami and has watched several training-camp sessions since they began Friday, was considering returning home to Arizona.
His California agent, Fred Slaughter, did not immediately return a message seeking comment.
Eddie Jones, the No. 10 pick, signed a six-year deal for $13.5 million with the Los Angeles Lakers.
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