Mavericks owner Mark Cuban said in an email Saturday that Ellis has agreed to a contract. It is reportedly a three-year deal valued between $25 million and $30 million.
The deal with Ellis was reached after first-round pick Shane Larkin broke his right ankle in summer league practice Friday. Dallas also reportedly is backing out of a three-year, $9 million deal with Devin Harris because of a toe injury.
Ellis figures to start alongside point guard Jose Calderon, another free agent who signed a four-year, $29 million deal.
The 27-year-old Ellis averaged 19.2 points with Milwaukee last season.
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