Monta Ellis to opt out of contract with Bucks

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Monday June 17th, 2013

Monta Ellis will opt out of the final year of his contract. (Photo by Gary Dineen/NBAE via Getty Images) Monta Ellis will opt out of the final year of his contract. (Gary Dineen/NBAE via Getty Images)

Milwaukee Bucks guard Monta Ellis will opt out of the final year of his contract with the Bucks, according to multiple reports. Ellis will surrender the $11 million he would've been owed in 2014 and will become an unrestricted free-agent.

Ellis rejected a two-year extension worth $36 million from the Bucks last week before deciding to forego his final year of the six-year, $66 million deal Ellis signed in 2008 with the Golden State Warriors. Ellis was traded to the Bucks as a part of a multi-player deal involving Andrew Bogut in 2012.

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