Wallace will not seek contract extension this season with Trail Blazers

Discussion in 'Portland Trail Blazers' started by SlyPokerDog, Jan 10, 2012.

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  1. SlyPokerDog

    SlyPokerDog Woof! Staff Member Administrator

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    Because of limitations with the NBA’s new collective bargaining agreement, Gerald Wallace will not seek a contract extension with the Trail Blazers this season, his camp has informed the team.

    However, after this season, Wallace will be open to an extension, his representatives said, adding that Wallace loves Portland and is open to retiring in a Blazers uniform.

    Wallace is under contract for this season and the 2012-2013 season, but he can opt out of the final year of his contract, which would pay him $11.4 million. The Blazers had hoped to avoid that potential scenario and in December had casual conversations with agent Rob Pelinka to extend his contract this season. However, under the new CBA, the Blazers can only extend Wallace for two more seasons, down from the four-season option in the previous CBA.

    If Wallace opts out this summer and becomes an unrestricted free agent, he can sign with any team for as many as four seasons, but the Blazers would hold significant bargaining chips. If Wallace opts out, the Blazers would hold his Bird Rights because they acquired him in a February 2010 trade, and as a result would be able to offer him five years and more money.

    Wallace has not made a decision on whether he will opt out of his contract or accept the $11.4 million for the 2012-2013 season. An advantage to opting out is this summer figures to feature more than 10 teams who are under the salary cap, creating a potentially lucrative free agent market. Plus, at age 29 with a family that includes four children, Wallace would like to establish long-term security as soon as possible.

    Blazers interim general manager Chad Buchanan said he feels good about the intentions of both sides.

    "There is a genuine interest on both ends,'' Buchanan said. "We value Gerald and what he brings to this team. We are open to discussing something long-term if it makes sense financially.''

    Wallace is averaging 15.0 points, 6.6 rebounds and 1.25 steals in 32.9 minutes a game.

    -- Jason Quick; follow him on Twitter

    http://www.oregonlive.com/blazers/i...lace_will_not_seek_contract_extension_th.html
     
    SlyPokerDog, Jan 10, 2012
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  2. SlyPokerDog

    SlyPokerDog Woof! Staff Member Administrator

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    :MARIS61::MARIS61::MARIS61::MARIS61::MARIS61::MARIS61::MARIS61::MARIS61::MARIS61::MARIS61::MARIS61::MARIS61::MARIS61::MARIS61::MARIS61::MARIS61::MARIS61::MARIS61:
     
    SlyPokerDog, Jan 10, 2012
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  3. THE HCP

    THE HCP NorthEastPortland'sFinest

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    Is this good or bad?
     
    THE HCP, Jan 10, 2012
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  4. SlyPokerDog

    SlyPokerDog Woof! Staff Member Administrator

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    This is bad for home games and good for road games.
     
    SlyPokerDog, Jan 10, 2012
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  5. ABM

    ABM Happily Married In Music City, USA!

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    This is totally to be determined:

     
    ABM, Jan 10, 2012
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  6. BlazerCaravan

    BlazerCaravan Hug a Bigot... to Death

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    :lol:
     
    BlazerCaravan, Jan 10, 2012
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  7. Fez Hammersticks

    Fez Hammersticks スーパーバッド Zero Cool

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    Flexibility for the summer of 2012 -- a very strong FA class.

    We could throw a max deal out right?
     
    Fez Hammersticks, Jan 10, 2012
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  8. ABM

    ABM Happily Married In Music City, USA!

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    Thank you, Beasty. ;)
     
    ABM, Jan 10, 2012
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  9. SlyPokerDog

    SlyPokerDog Woof! Staff Member Administrator

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    No problem Mr TIMberlake.
     
    SlyPokerDog, Jan 10, 2012
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  10. jlprk

    jlprk The ESPN mod is insane.

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    Get those 4 crappy draft picks while you can! 2 Pendergraphs, a Cunningham, and a Patty Mills for dessert!
     
    jlprk, Jan 10, 2012
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  11. Nikolokolus

    Nikolokolus There's always next year

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    Man I really hope they don't do five years. This will undoubtedly piss some people off and hurt the feelings of others to read this, but that is just not a good investment for a 29 year old wing that makes his living off of hustle and athleticism and without much perimeter game.
     
    Nikolokolus, Jan 10, 2012
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  12. ABM

    ABM Happily Married In Music City, USA!

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    :lol:

    Awww...........
     
    ABM, Jan 10, 2012
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  13. jlprk

    jlprk The ESPN mod is insane.

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    Game's starting. Let me squint to see. They're huddling and--why is Batum so jolly?
     
    jlprk, Jan 10, 2012
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  14. RR7

    RR7 Well-Known Member

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    +1. depending on what happens with extending Batum, Felton, and the available RFA and UFA this summer, I'd be ok with a Camby-ish sort of deal, for 2-3 years. More money, less years, IMO. 5 is way too long, and severely limits flexbility going forward, as he'd be more difficult to trade. Look at someone like Artest, er, World Peace, who the Lakers locked up for 5. Won them a title, now he's terrible, and a bad deal.
     
    RR7, Jan 10, 2012
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  15. Nikolokolus

    Nikolokolus There's always next year

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    And that's the rub though, somebody will probably offer him 4 years and overpay him because there's a lot of free agent money this summer and not a lot of quality.
     
    Nikolokolus, Jan 10, 2012
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  16. jlprk

    jlprk The ESPN mod is insane.

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    As our best player, he deserves big bucks. 4 years is about right. If the overrated non-clutch undependable Aldridge makes $12M/year, then the underrated Wallace with his expert clutchpertise deserves more.

    Maybe we could trade Aldridge for 2 $6M Batums so we can afford Wallace.
     
    jlprk, Jan 10, 2012
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  17. TripTango

    TripTango Quick First Step

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    This is not surprising. The guy is playing fantastic basketball, and sometimes almost singlehandedly getting this team wins. (Granted, when he has bad games they are REALLY bad, but still.) He would be foolish not to try and leverage this success into as much money and security as he can get -- this is probably the last big contract of his career. Good for him, and I hope (probably naively) that Portland can work out something reasonable to keep him here.
     
    TripTango, Jan 10, 2012
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  18. THE HCP

    THE HCP NorthEastPortland'sFinest

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    Love to have him retire a Blazer!
     
    THE HCP, Jan 10, 2012
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  19. PtldPlatypus

    PtldPlatypus Let's go Baby Blazers! Staff Member Global Moderator Moderator

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    5 years wouldn't be so bad on a regressive contract, though. He's probably well worth $10M for the next couple years, and $6-7M would still be pretty decent for him at age 34. Do you think $45M/5 will be enough to keep him?
     
    PtldPlatypus, Jan 11, 2012
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  20. Carlito

    Carlito Suspended

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    It's a shame this team will be blown up
     
    Carlito, Jan 11, 2012
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