Ellis averaged 19.0 and 18.9 points per game over the past two seasons, respectively, for the Mavericks.
On Wednesday, it was reported that the Kings had orchestrated a trade that would send several players to Philadelphia in an attempt to clear salary cap space. The Kings were reportedly going to use that cap space to attempt to sign Ellis.
The Kings eventually signed guard James Anderson later on Thursday, according to Yahoo! Sports' Marc J. Spears.
- Will Green