Report: Wallace Opts Out of Contract

Report: Wallace Opts Out of Contract

June 15, 2012

Brooklyn Nets small forward Gerald Wallace has opted out of the final year of his contract, according to multiple reports.

By Mike Mazzeo | ESPNNewYork.com

Nets small forward Gerald Wallace has opted out of the final year of his contract, according to multiple reports.

Wallace had until midnight ET Wednesday to decide on his $9.5 million player option for 2012-13.

Wallace now becomes an unrestricted free agent. He had said he wasn't going to play on a one-year deal.

General manager Billy King said Wallace deserves a multiyear deal and wants to re-sign him.

Wallace, 29, averaged 15.2 points, 6.8 rebounds and 3.1 assists in 16 games after being traded to the Nets.

King dealt his team's first-round pick in the 2012 draft (No. 6) to the Portland Trail Blazers in a highly scrutinized move for Wallace.Wallace had until midnight ET Wednesday to decide on his $9.5 million player option for 2012-13.

Wallace now becomes an unrestricted free agent. He had said he wasn’t going to play on a one-year deal.

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So, "Predator" is on the loose, huh?

He walked away from $9.5M to get a multi-year deal? Hmmm. Is he really worthy $9.5M for multi-years? I think not, not under this CBA. I think he's about to get a haircut, in exchange for being able to stay in one place for a few years (assuming he doesn't get traded, which would mean he got the haircut for nothing).

bob

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In this market he should have taken the money

Same with Lou Williams.

Both are probably looking for a long term deal where they take less but get 3-4 years

Dboss