Gerald Wallace Wants Multiyear Contract

Gerald Wallace has a player option for next season to remain with the Nets, but it doesn't sound like exercising it will be his first choice. Wallace told reporters today, including Andy Vasquez of the Bergen Record, that he doesn't want to play on a one-year deal (Twitter link). Wallace said he expects to make a decision about his the option within the next few days.

Re-signing Wallace will be a priority for the Nets, though they'll also be looking to bring back Deron Williams and Brook Lopez. Wallace's option for 2012/13 is worth $9.5MM, so perhaps the Brooklyn-bound Nets could reach an agreement with Wallace that would guarantee him multiple years but pay him less than $9.5MM annually. That would allow the team to regain some cap space for next season.

Of course, while re-signing with the Nets is a possibility, it's not the only option for Wallace if he declines his option. Stefan Bondy of the New York Daily News tweets that the veteran forward intends to test the free agent waters.

Following the deadline deal that sent him to New Jersey, Wallace averaged 15.2 points and 6.8 rebounds in 35.8 minutes per game.

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