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Monta Ellis is a talented shooting guard that can score whenever he wants to, but doesn't provide a whole lot else to a team. He isn't an overly strong distributor and his lack of size makes him a weak defender. The ideal team for him would be built a lot like the Philadelphia 76ers were built around Allen Iverson.
That being said, he is one of the strongest free agents this summer if he chooses to leave his player option on the table. There are only a handful of players that have Ellis' talent and youth available on the open market, so testing his worth might be a foregone conclusion.
Therefore, Milwaukee needs to see what they can get for Ellis.
The Minnesota Timberwolves are a likely trade partner for Milwaukee. They have a surplus of guard talent, especially with the return of Ricky Rubio. They also are potentially looking to deal talented second year forward Derrick Williams.
This trade is not ideal, but would help both teams. For Milwaukee, J.J. Barea would be a nice backup point guard for Brandon Jennings. He is fiery, quick and has decent range. But more than anything, he is a distributor, something that Milwaukee could use.
Sure, Beno Udrih is a similar player, but he has had injury issues this year and is a free agent after this season.
Williams is real key to this deal. Last year's number two overall pick has a lot of offensive talent, which the Bucks crave in their front court. Mike Dunleavy is solid, but he also is a free agent after this year.
This trade could be a gamble for Milwaukee, but if Williams develops into the player he was while at Arizona, it could be a steal.
Ellis would drastically improve Minnesota. He would give them the dynamic shooting guard that they have craved to play opposite Rubio, and with its strong rebounding front court, the Timberwolves could live with Ellis' questionable shot selection.
Milwaukee could always have Minnesota throw in a draft pick as well.