Milwaukee, WI, United States (4E Sports) – The Milwaukee Bucks have offered leading scorer Monta Ellis a three-year, $36 million extension after helping the team reach the playoffs for the first time in three years.
The offer will require Ellis to opt in to enjoy the last two years of the deal, which will pay him $11.8 million for 2014-15 and $13 million for the final year, according to the Milwaukee Journal-Sentinel,
Ellis holds a player option on his current six-year contract and could become a free agent if he opts out by June 20 though he reportedly turned it down.
The 27-year-old Ellis was traded by the Golden State Warriors to the Bucks in a March 2012 deal that sent Andrew Bogut and Stephen Jackson to Golden State.
Ellis led the Bucks with 19.2 points per game in the regular season, his eighth in the NBA after being drafted by the Warriors 40th overall in 2005.
Behind Ellis, the Bucks advanced to the playoffs for the first time in three years but were swept by the Miami Heat in the first round. The Bucks then fired coach Jim Boylan.
Earlier, Yahoo! Sports reported that Ellis plans to opt out of his contract and could be interested in the Sacramento Kings, who hired former Golden State assistant Mike Malone as their coach after an ownership change.
Ellis worked under Malone’s tutelage while playing for the Warriors.
Aside from Ellis, the Bucks also have to work new deals with starting point guard Brandon Jennings and JJ Redick.
Jennings, the team’s starting point guard since he was drafted 10th overall in 2009, will become a restricted free agent while Redick is set to be an unrestricted free agent.