Report: Monta Ellis turns down $36 million contract extension

Monta Ellis led the Milwaukee Bucks in scoring this past season. (Photo by Gary Dineen/NBAE via Getty Images)

Monta Ellis turned down a $36 million offer from the Milwaukee Bucks, according to the Milwaukee Journal Sentinel.

Ellis is owed $11 million next season in what would be the last year of a six-year contract he signed while playing for Golden State, but Ellis has a player option for the 2013-14 season. If he ends the deal, Ellis would become a free agent on June 1.

From the Journal Sentinel:

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.

Yahoo Sports previously reported that Ellis would opt out of his contract and possibly sign with the Sacramento Kings. The Kings hired former Golden State assistant Mike Malone as their head coach.

Ellis led the Bucks in scoring last season with 19.2 points a game to go along with 6.0 assists and 3.9 rebounds.