The Golden State Warriors signed their 22-year-old restricted free agent Monta Ellis to a six-year, $67 million contract. Ellis is receiving one of the largest raises in NBA history. As the 40th player selected in the 2005 draft, Ellis was paid just $770,610 last season. He will earn $11 million in 2008-2009. The Warriors also matched the offer sheet given to Kelenna Azubuike by the Los Angeles Clippers.

The other L.A. team re-signed their backup guard Sasha Vujacic to a three-year, $15 million contract to remain in L.A. Staying in California the Kings signed Cal State guard Bobby Brown. Hornets forward Chris Anderson is returning to the Denver Nuggets where his NBA career began. The Minnesota Timberwolves reached terms on a new contract with restricted free agent Ryan Gomes and the Charlotte Bobcats re-signed restricted free agent center Ryan Hollins.