In interviews with The Diamondback, Frese and Benzan discussed their reactions to transfers, issues with the team and a lack of buy-in.
The deal gives Frese a raise on top of the six-year deal she signed under a year ago.
The AP Third-Team All-American was one of four players to leave the Terps via the transfer portal on Tuesday.
After battling injury and ailment, Owusu will leave the Terps following another loss in the Sweet 16.
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.
The two have been friends since playing on an AAU team together as children.
Reese was named to the third team, joined by Katie Benzan and Ashley Owusu who were both honorable mentions.