The Milwaukee Bucks made a three-year, $36 million contract offer to guard Monta Ellis but no agreement has been reached, according to the Milwaukee Journal-Sentinel.
Ellis, the team's leading scorer with 19.2 points per game during the regular season, holds a player option on his current six-year deal and would become a free agent if he chooses to opt out before June 20. He would need to opt-in if he accepts the extension offer.
Ellis, 27, would earn $11 million next season and an additional $11.8 million for 2014-15 and $13 million for the final year, according to the paper.
If he rejects the offer, he will become a free agent on July 1. He has until June 20 to decide. Yahoo! Sports recently reported that Ellis plans to opt out of his current deal and may be interested in the Sacramento Kings.
The eight-year veteran was drafted by Golden State in 2005 and acquired by Milwaukee in March 2012.