Ellis opted out of the final year of his six-year, $66 million deal with the Bucks to seek a higher contract elsewhere, but so far, Ellis hasn’t received the kind of money he thinks he deserves, according to Broussard, who said Ellis is expected to sign with Dan Fegan. Ellis, who opted out of the final year of a six-year, $66 million deal, is frustrated that he has yet to receive a high-paying contract offer. The Chicago Bulls, New York Knicks and the Los Angeles Lakers have interest but lack the cap room to pay Ellis anywhere near what he believes he is worth. Industry sources expect him to sign with agent Dan Fegan. The former Most Improved Player of the Year from 2007 had turned down a contract extension with the Bucks that would’ve paid him $36 million over three years, but according to Broussard, the 27-year-old is holding out for a four-year deal worth $40 million.