The Terps are looking to avoid last season's exit in the Sweet 16 when they meet Stanford.
Miller and Owusu combined for 44 points in the Terps' win over Florida Gulf Coast in the second round of the NCAA tournament.
The Terps used another convincing third quarter to advance in the NCAA tournament.
The Terps eclipsed 100 points for just the third time this season in their comfortable first round win over the Blue Hens.
The Terps will move on to the second round of the NCAA tournament, where they will face Florida Gulf Coast on Sunday.
Reese was named to the third team, joined by Katie Benzan and Ashley Owusu who were both honorable mentions.
Despite a similar roster, the Terps have not replicated last year's success.
The Terps' early exit from the Big Ten Tournament clouded their tournament seeding path, as the team moved to 21-9.
The Terps missed all 12 of their 3-pointers in their 62-51 loss to the Hoosiers, and will not make the Big Ten Championship game for the first time since joining the conference in 2015.
The Terps struggled to create offense in their first round matchup, putting up a tournament-low 51 points in the loss.