Monta Ellis has agreed to sign a four-year contract worth $44 million with the Indiana Pacers, according to ESPN's Chris Broussard.
After two seasons with the Mavericks, Ellis declined a player option worth $8.3 million to become a free agent this summer. The Mavericks made it clear that they had no plans to bring Ellis back should he opt out. While Ellis led Dallas in scoring last year, his chemistry issues and moodiness have been cited as concerns for bringing back the 6'3 shooting guard who was already a difficult player to build around.
While there is an argument that Ellis would have been better off accepting his option, we explained his decision here.
Ellis reportedly received interest from the Pacers, Hawks, Nuggets, Kings and Heat as free agency started, but it narrowed down to Indiana, who was reportedly offering nearly $11 million a year. Ellis met with the team in person before making the decision.
His decision does mean that Sacramento, who had interest in signing Monta, is out. They're also interested in Wes Matthews, a Mavericks target, and it's conceivable that Monta's absence from market pushes Sacramento towards Matthews even more aggressively.