Man, what a free agency period this has already been. Here's Ken Berger:
A union of Ellis and the Knicks is viewed as a longshot, as the Knicks only have the $3.2 million taxpayer mid-level exception available. Ellis just opted out of a deal that would have paid him $11 million next season in Milwaukee.
But Ellis, 27, and his Washington, D.C.-based agent, Jeff Fried, are known to be willing to compromise in order to sign with a contending team.
Berger mentions a few other teams showing interest in Ellis.
Interest is just interest. The Knicks probably cannot afford to pay Ellis even a compromised salary, and I cannot conceive of a trade that would allow them to acquire the unrestricted free agent.
Feasible or not, though, I'm detecting a theme. The Knicks have agreed to trade for Andrea Bargnani, a notoriously inefficient, offense-only-if-at-all big man coming off a couple pretty bad seasons that alienated local fans. Monta Ellis is that but shorter and perhaps less reviled.
This might just be a Grant Hill Maneuver, and even if it isn't, the Knicks probably can't have Monta Ellis. Either way, their even wanting Ellis (if it isn't a GHM) leads me to believe the New York front office has ceded control of the franchise to an Xbox plugged into a dune of cocaine. I suppose that's one way to do things.
Update (9:22 AM):
Tim McMahon reports the Knicks are one of the teams inquiring about Jose Calderon, but the same caveats apply: 1. The Knicks probably can't afford Jose Calderon. 2. This could be a Grant Hill Maneuver anyway.