Monta Ellis has decided to opt of the final year of his contract with the Milwaukee Bucks, and will now be a free agent.
Ellis was set to make $11 million in the final year of a six-year, $66 million deal he started with the Golden State Warriors. The contract from Golden State held a player option that Ellis is using to become a restricted free agent.
The organization found out the intentions of Ellis Monday morning.
Milwaukee had previously offered the 27-year-old guard a contract extension worth almost $36 million over the course of three seasons, but Ellis turned it down preferring to weigh his options.
Ellis played in all 82 games for Milwaukee last season and was the team's leading scorer, averaging 19.2 points, 6.0 assists and 2.1 steals. He finished the season ranked 11th in the league in scoring.
Ellis came to Milwaukee as part of the Andrew Bogut trade with Golden State in March 2012.
This news mean that there will be more cap space freed up for when Brandon Jennings becomes a free agent on July 1st. The franchise will now be able to meet nearly any offer Jennings will make for a new contract.
The $11 million that was due to Ellis can now also be used to revamp the roster for new Bucks head coach Larry Drew.