Just read the interview from Larry Riley in SI. I'm taking it with a grain of salt given that Riley is a lame duck GM who is just grooming his replacement Bob Myers. My guess is that a deal may still be in the works for Ellis but one of two things could be happening. Either the Warriors are trying to get more for Ellis or they are bracing the fans should a deal not materialize.
Ellis is a valuable trade commodity. He's young, scores in bunches and has a reasonable contract given his level of performance. He also plays no defense but in the right system, that might not matter as much. I'll believe Larry Riley when it's October and Ellis is still in a W's uniform.