PHOENIX (AP) — The Phoenix Suns have signed Slovenian point guard Goran Dragic to a multiyear contract and say he will play for the team this season.

The Suns acquired rights to the quick, sharpshooting 22-year-old lefthander in a draft-day trade with the San Antonio Spurs.

The Suns see the 6-foot-3, 190-pound European as a backup and eventual replacement for 34-year-old Steve Nash.

The NBA team reached a buyout agreement with Dragic's Spanish team TAU Ceramica.

"It's been a lengthy process," Phoenix general manager Steve Kerr said Monday in a Suns news release announcing the signing.

Although Dragic was the 45th overall pick overall, the Suns considered him second only to No. 1 pick Derrick Rose among point guards in the draft.

In a video shown on YouTube of the Suns headquarters during the draft, Kerr clenched his fist in triumph, then exchanged high-fives with everyone in the room after completing the trade that nabbed Dragic in the second round. The video also shows Dragic in a pre-draft workout for Phoenix. He did not work out for any other NBA team.