Monta Ellis has been offered a lucrative extension but turned it down, according to reports.  (USA Today Sports.)
Monta Ellis has been offered a lucrative extension but turned it down, according to reports. (USA Today Sports.)

The Milwaukee Bucks are not so ready to let Monta Ellis go, it seems.

The Bucks offered Ellis a 2-year, $24.8 million extension, predicated on Ellis opting in to the final year of his deal, totaling 3 years and around $36 million for the 27 year old guard. Reports say that Ellis did not accept the offer.

It has been surmised for a while now that Ellis was going to opt out and search for either more money or a reunion with an old friend. Ellis has until June 20th to arrive at a decision on the early player termination option.

Ellis had one of his least efficient years this past season, averaging 19 points a contest on 18 shots, while shooting 42 percent from the field.  He did technically help lead his team to their goal of making the playoffs, but ended up withering down the stretch, both on the court and in the locker room.

The Bucks have already worked out a handful of guards they feel could usher in the next era for this franchise, but also seem willing to hang on to a product that didn’t exactly flourish. The organization has come out and said that they aren’t looking to rebuild, but does extending Monta suggest that you are putting forth your best effort to move forward?

It’s hard to detect what is more confounding at this point. Is Monta nuts for turning down an offer that he likely won’t get elsewhere, or are the Bucks almonds for believing that Ellis is still an integral part of their vision heading forward?

This is going to be the first domino to fall in what many claim as a crucial offseason for the Bucks. Come June 20th, we should have a slightly more clear idea of what direction this team wants to head in.  Then again, maybe nobody will ever know.