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.
Shams Charania of Yahoo Sports:
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.