Place roast on rack in a shallow baking pan. Insert meat thermometer into thickest part of roast. Bake, uncovered, at 325° for 1 1/4 to 1 3/4 hours or until meat thermometer read 155°. Meanwhile, combine remaining ingredients in a medium saucepan. Bring to a boil; reduce heat to low and simmer 15 minutes, stirring occasionally. Brush cherry sauce over roast twice during the last 30 minutes of cooking. Cover roast with foil; let stand 10-15 minutes before slicing. Reheat cherry sauce. Serve sauce with roast.