Monta Ellis Reportedly Turned Down a 2-Year Extension from the Milwaukee Bucks

by June 07, 2013

It’s no secret that Monta Ellis will likely test the free agent market this summer. The Milwaukee Bucks would like to retain their shooting guard, and according to the Journal Sentinel, they offered Ellis a 2-year contract extension this season. No dice, however: “Ellis and his agent Jeffrey Fried face a June 20 deadline to make their decision. Ellis is owed $11 million in the final year of a six-year, $66 million deal he signed while a member of the Golden State Warriors. But the contract has a player option for the 2013-’14 season and he can choose to end the deal. If he does, Ellis will be a free agent on July 1. […] Discussions were held to extend Ellis’ deal with the Bucks but no agreement was reached. As part of the discussions the Bucks offered the 27-year-old guard a two-year extension through the 2015-’16 season, resulting in a total package of nearly $36 million over three years, according to a source. Ellis would have been required to opt in to get the additional two years on the deal. That includes the opt-in first year at $11 million, with annual raises bringing the total to $11.8 million in the second year of the deal and $13 million in the final year. The average salary in the deal would have been about $12 million. Ellis would have received some protection against injury with a three-year deal while also having the chance to be a free agent at the age of 30. But he may be interested in testing the market now.”