First of all, a disclaimer about anonymous sources, especially when the source is revealing information that wouldn’t necessarily eventually become public : The source has an agenda, and because we don’t know whom the source is, we can’t evaluate the information in light of that agenda. So, a degree of skepticism is warranted.
With that said, Charles F. Gardner of the Journal Sentinel:
As part of the discussions the Bucks offered the 27-year-old guard a two-year extension through the 2015-’16 season, resulting in a total package of nearly $36 million over three years, according to a source. Ellis would have been required to opt in to get the additional two years on the deal.
That includes the opt-in first year at $11 million, with annual raises bringing the total to $11.8 million in the second year of the deal and $13 million in the final year.
If the report is true, I don’t know who’s crazier – the Buck for offering so much money or Ellis for turning it down.