One of the richest programs in college basketball just got a bit richer. The Kansas Jayhawks announced on Thursday that 16-year-old Sviatoslav Mykhailiuk from the Ukraine has signed a letter of intent to play basketball in Lawrence next season.

Mykhailiuk, who turns 17 next month, is a 6'8" guard with the ability to play a lot of positions, according to Kansas head coach Bill Self.

"Obviously, this is great news for us," Self said. "[Mykhailiuk's] skill level, knowledge and aptitude for the game are way beyond his years. I think that he will be an immediate impact guy. He is a guy that can play all three positions on the perimeter. At 6-8, he can play point, play the No. 2 [guard] or the No. 3 [guard]. He allows us to be more versatile next year and certainly, there would be few people that would shoot it better than him."

Mykhailiuk played in the Ukranian national league last year, but did not sign a contract in order to maintain his college eligibility. It is expected that he will stay at Kansas for at least two years before making a jump to the NBA, the school announced.

The young Ukranian recently participated in the Nike Hoops Summit in Oregon, where he suddenly appeared on the radar of college and pro scouts alike. Reports out of Oregon have Mykhailiuk noted as a sharp-shooter with the playmaking ability of a point guard.

Mykhailiuk chose Kansas in part because of its tradition, but also of the school's reputation with placing players at the next level.

"I liked everything," Mykhailiuk said of his college choice. "From the history, the strength program and especially the coaches -- everything. It's Kansas. KU has players every year. Coach Self has had so many players go to the NBA. That's an important thing."

Before his most recent recruit signed up, Self and his Jayhawks had already been blessed with three other top prospects. Kansas had already inked post player Cliff Alexander and swing man Kelly Oubre when it nabbed top point guard Devonte Graham out of prep school.

The knock on Mykhailiuk is that he needs to be physically stronger to handle the physical play of college basketball. However, at a young 17-years-old, he has the potential to be the icing on the cake for a team that just lost two players, Andrew Wiggins and Joel Embiid, who are sure NBA Draft Lottery picks. A third player, Nadiir Tharpe, decided to leave Kansas and transfer to a new school.