Last week, Monta Ellis turned down a two-year contract extension offered to him by the Milwaukee Bucks.
On Monday, he reportedly informed the Bucks that he will opt out of of the final year of his contract and become a free agent.
Ellis was scheduled to make $11 million in the final year of the six-year deal he originally signed with the Warriors in 2008.
Sources: Monte Ellis has told Bucks he is opting out of the 1-year, $11 million left on his contract. Will become coveted free agent— Chris Broussard (@Chris_Broussard) June 17, 2013
The 27-year-old Ellis will attempt to cash-in on a successful 2012-13 season that saw him average 19.2 points, six assists and 3.9 robounds per game. He started all 82 games for the Bucks.