Milwaukee Bucks guard Monta Ellis informed the team that he plans to opt out of his contract, ESPN reported Monday.
Ellis has one year and $11 million left on his deal, but can opt out and become a free agent on July 1.
The Bucks recently offered Ellis a three-year extension worth $36 million, but an agreement was not reached.
The Atlanta Hawks, Dallas Mavericks and Los Angeles Lakers reportedly have interest in the eight-year veteran. However, the Lakers could only acquire him in a sign-and-trade deal. Ellis is close friends with Lakers center Dwight Howard and have expressed an interest in playing together.
The Golden State Warriors drafted Ellis in the second round in 2005 and later gave him a six-year, $66 million deal before trading him to the Bucks in 2012 for center Andrew Bogut.
Ellis was the Bucks' leading scorer last season with 19.2 points per game.