The Pacers have signed Monta Ellis to a four-year deal worth $44 million, according an ESPN report. Ellis met with the Pacers’ front office in Indiana on Wednesday, and reportedly rejected a four-year, $48 million offer from the Kings.

Monta Ellis is headed to the Indiana Pacers.

 

Sources told ESPN.com that Ellis and the Pacers have verbally agreed to a four-year deal worth $44 million that includes an option for the shooting guard to return to free agency after Year 3.

 

The Pacers’ push to sign Ellis was at the behest of team president Larry Bird, who led a contingent of team officials that dined with Ellis on Wednesday night. The Pacers are looking to play at a faster tempo and have been looking for some time for more scoring punch in the backcourt.

 

Ellis turned down a larger offer from the Sacramento Kings, who offered him a four-year, $48 million deal, sources said.