Monta Ellis fires agent citing lack of lucrative offers

Monta Ellis fired his agent on Wednesday because he's upset he hasn't received a four-year, $40 million offer. (Gary Dineen/Getty Images)

Milwaukee Bucks unrestricted free agent guard Monta Ellis fired his agent Jeff Fried on Wednesday because of a lack of lucrative offers, according to Chris Broussard of ESPN.com.

Ellis opted out of the final year of his six-year, $66 million deal with the Bucks to seek a higher contract elsewhere, but so far, Ellis hasn't received the kind of money he thinks he deserves, according to Broussard, who said Ellis is expected to sign with Dan Fegan. The former Most Improved Player of the Year from 2007 had turned down a contract extension with the Bucks that would've paid him $36 million over three years, but according to Broussard, the 27-year-old is holding out for a four-year deal worth $40 million.

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On Tuesday, Ellis, who averaged 19.2 points and 6.0 assists for Milwaukee last season, had indicated that he would like to have a deal in place within the next 36-48 hours. With the recent parting of ways with Fried, it's possible that timetable will be extended.

Among the teams that have shown interest in him are the Atlanta Hawks, Dallas Mavericks, Sacramento Kings and Charlotte Bobcats. The Chicago Bulls, New York Knicks and the Los Angeles Lakers are also interested but don't have the cap flexibility to pay him anywhere near the ballpark of $10 million per year that he is seeking.

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