Report: Pacers waive Monta Ellis

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Update: David Aldridge of NBA.com:

This is a mistake. The Pacers will be lousy next season, anyway. Better to take their medicine all at once rather than having Ellis counting against the cap through 2022.

 

Buyout negotiations between the Pacers and Monta Ellis are complete.

Shams Charania of Yahoo Sports:

Ellis had $22,917,500 remaining on his contract, though reportedly just $11,227,000 was guaranteed. It’s unclear how much, if any, money Ellis relinquished to become a free agent.

The 31-year-old has one plus skill – generating 2-pointers for himself. High-functioning offenses don’t value someone in that role, especially considering Ellis’ limitations elsewhere, particularly defensively. Teams with lesser offenses are more likely rebuilding and not targeting veterans like Ellis.

Shot creation matters, and Ellis can still help some teams off the bench. But for the same reasons Indiana was ready to part for him, don’t expect immense interest around the league.