A union of Ellis and the Knicks is viewed as a long shot, as the Knicks have only the $3.2 million taxpayer mid-level exception available. Ellis just opted out of a deal that would have paid him $11 million next season in Milwaukee.
But Ellis, 27, and his Washington, D.C.-based agent, Jeff Fried, are known to be willing to compromise in order to sign with a contending team. And the Knicks, who face the free-agent loss of sixth man of the year J.R. Smith, would provide ample opportunity for Ellis to showcase his scoring prowess deep into the playoffs.
The Bucks are facing the possible free-agent loss of Ellis and restricted free-agent Brandon Jennings this summer. Unrestricted free agent J.J. Redick has been the subject of sign-and-trade talks, but has had no discussions about staying in Milwaukee, Yahoo Sports reported.