Ellis, who opted out of the final year of a six-year, $66 million deal, is frustrated that he has yet to receive a high-paying contract offer. Industry sources expect him to sign with agent Dan Fegan.
“I only wish Monta and his family the very best,” Fried said. “He is a superstar on the court and a character individual with tremendous integrity off the court.”
Ellis opted to vacate the final year of his contract with the Bucks that would have paid him $11 million for the 2013-2014 season. Instead, Ellis decided to hit the open market and has yet to receive the type of contract offers that he was anticipating and are no where near what he was slated to get paid by the Bucks. With teams opting to fill their rosters with cheaper options, Ellis has been forced to play the waiting game for an offer that suits him financially (which he may never get).
To make matter worse, Ellis turned down a three-year, $36 million extension with the Bucks at one point. Talk about a bad gamble.
Ellis, a 6’3″ combo guard that can score in bunches, averaged 19.2 points and six assists and shot .416 from the field — his lowest since his rookie season — while starting every game for Milwaukee but saw his production drop to 13.5 points as the Bucks were swept by the Miami Heat in the first round of the playoffs last season. For his career, Ellis has averaged 19.4 points, 4.7 assists while shooting .456 from the field.
Ellis’ best bet may be forced to take a short term, lower money deal, prove his worth and try to land a larger contract later on.
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