Updated March 2 at 7 p.m.

One day after being bought out and waived by the New York Knicks, who acquired him as a side deal in their blockbuster trade with the Denver Nuggets for forward Carmelo Anthony, former Florida Gators F Corey Brewer is in the process of signing a multi-year contract with the Dallas Mavericks.

Brewer, who was released on March 1 in order to be eligible to participate in the 2011 NBA Playoffs, was courted by nearly a dozen teams as late as Monday but narrowed his list down to a handful that included Dallas, San Antonio, Boston and Charlotte.

The Mavericks ended up landing Brewer due to the fact that they could offer him more money than his other suitors, ESPN‘s Marc Stein reports. His deal is expected to start in the $2 million per season range and could be worth as much as $7-8 million over the three-year life of the contract.

Averaging 24.3 minutes per game with the Minnesota Timberwovles this season, Brewer posted 8.6 points, 2.7 rebounds and 1.4 assists per game (all below his career numbers). However, it is his athleticism and defensive prowess that had him coveted so heavily once he reached the free agent market.

OGGOA will update this story as more information is made available.