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Gerald Wallace will not sign an extension with Trail Blazers

Jan 11, 2012, 8:59 AM EDT

Trail Blazers Wallace celebrates against Mavericks during NBA playoff game in Portland, Oregon. Reuters

Portland fans, this is not personal. It’s business.

Gerald Wallace — a key part of the Blazers resurgence — will not sign an extension with the Trail Blazers, representatives for the free agent to be told the team, reports Jason Quick at the Oregonian. It’s not that the veteran isn’t happy or doesn’t want to stay in Portland, but it’s what the new collective bargaining forces players who want the most money to do.

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.

You are going to see a lot of players — even players who have no intention of switching teams — do the same thing. Wallace can get two years now or five years this summer from Portland, what do you think he’s going to do? It is the same situation with Deron Williams in New Jersey or Dwight Howard in Orlando, save that those two guys are more likely to switch teams.

Wallace is averaging 15.6 points per game, plus his defense and energy are keys to Portland’s fast start this season. Wallace likes Portland and the team is winning, you just can’t expect him to leave cash on the table. So he will opt out. Other teams will bid. But in the end, Portland will probably lock him up long term.

  1. jerseyfinatic - Jan 11, 2012 at 1:56 PM

    Omg I just had a great idea. Look for wallace, williams, and howard to team up next year in NJ. People say that Howard and Deron cant win it themselves. Now if wallace comes, that is a completely different story. Nets have the cap room to sign 2 max deals and can sign wallace if they cut the abundance of role players they currently have on their bench. A lineup of Deron Williams, Marshon Brooks, Gerald Wallace, Kris Humphries and Dwight Howard is very intimidating.

  2. jerseyfinatic - Jan 11, 2012 at 1:56 PM

    Omg I just had a great idea. Look for wallace, williams, and howard to team up next year in NJ. People say that Howard and Deron cant win it themselves. Now if wallace comes, that is a completely different story. Nets have the cap room to sign 2 max deals and can sign wallace if they cut the abundance of role players they currently have on their bench. A lineup of Deron Williams, Marshon Brooks, Gerald Wallace, Kris Humphries and Dwight Howard is very intimidating. <3

    • 00maltliquor - Jan 11, 2012 at 4:45 PM

      You re-typed your first comment just to add a heart at the end!? Hahahahahahahaha! No way!

  3. cluelessdufus - Jan 11, 2012 at 10:35 PM

    willing not to sign a contract is bad for the blazers but mabey if they make a deep playoffs run he will sign but if not but teams like the wizards,cavs,bobcats,bucks have a chance at making a big move well the bucks have the best chance at the playoffs and thats 1 on the places that the bucks need he mabey could turn the team around i mean like, jennings,jackson,wallace,gooden,bogut the only up grade needed is the PF

  4. goforthanddie - Jan 12, 2012 at 1:16 AM

    We’ll resign him if he does want to stay, he’s the kick in Nate’s ass we needed.

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