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The Knicks drafted him with the first pick of the second round in 1964, after 10 other players had been chosen. With their first-round pick, the Knicks selected another big man, Jim Barnes, who had beaten Reed out for a spot on the 1964 United States Olympic team. Reed believed he was better than Barnes and most of the other first-round picks, and he was determined to prove it. When he was offered his first Knicks contract, for $11,000 with a $3,000 signing bonus, he told Eddie Donovan, the team’s general manager, that he wanted a bigger bonus. Told that the team wanted him to earn it on the court, Reed accepted the challenge and vowed to make Donovan pay him after the season.