Last night we were informed by Marc Stein that the Sacramento Kings and Cleveland Cavaliers were in trade talks to send both Jimmer Fredette and Chuck Hayes to the Cavs in exchange for cap space. The cap space would then be used to sign former Golden State Warriors and Milwaukee Bucks guard, Monta Ellis.
Currently, the Sacramento Kings have around $6 million dollars in available cap space after signing Carl Landry so unless Ellis was willing to take an extremely discounted contract (which he’s not), the only way the Kings would be able to sign Ellis is if they made a trade or amnestied John Salmons, who will be in the final year of his contract worth about $7 million.
Despite the salary cap issue, that hasn’t stopped the Kings and Ellis from talking about a contract – this according to CBS’ Ken Berger:
After opting out of an $11 million contract for next season with the Milwaukee Bucks, Monta Ellis is discussing a free-agent deal with the Sacramento Kings, league sources told CBSSports.com.
With several avenues closed off as teams fill their needs for guards in free agency, Ellis could wind up with the Kings, who began doing their homework on him weeks ago. According to a person familiar with the situation, Kings owner Vivek Ranadive began inquiring about Ellis around the time his purchase of the Sacramento franchise was completed in late May.