Monta Ellis has informed the Milwaukee Bucks that he will opt out of the last year of his deal, according to league sources.
Ellis, who had one year, $11 million left on his contract, will become one of the most coveted free agents on the market this summer.
Sources say the Atlanta Hawks, Dallas Mavericks and the Los Angeles Lakers have interest in Ellis, although the Lakers could get Ellis only via an unlikely sign-and-trade deal.
Ellis, who originally signed a six-year, $66 million deal with the Golden State Warriors, is close with Lakers free agent Dwight Howard. The two have long desired to play together.
If Howard cannot achieve his top goal of playing with Chris Paul, teaming up with Ellis may become an option he would strongly consider.