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Report: Nets and Gerald Wallace agree to 4-year, $40 million deal

Jul 1, 2012, 11:31 AM EDT

New Jersey Nets  v Los Angeles Lakers

Crash cha-ching.

The New York Post reports and Yahoo Sports report that the Nets have reached a verbal agreement with forward Gerald Wallace to return on a 4-year, $40 million  contract. It’s not known whether the last year is fully or partially guaranteed, but that issue is a big one for determining the value of the contract.

At $10 million per year, it’s a steep price, but considering it will help in convincing Deron Williams to return and provides them with a high quality player at the 3 spot, it’s pretty decent value. Now, Wallace turns 30 in July. Should the final year be guaranteed, paying him $10 million at age 34 considering how much of his game is predicated on athleticism, that’s going to get rough. But with the stretch provision available, there are options for the Nets. And if it’s a $10 million expiring, that’s not bad, either.

(Update: the NY Times reports that all four years are guaranteed. So barring Wallace out-performing a realistic career curve at age 34, the Nets will need either the stretch provision or a trade to alleviate him on their books in 2015-2016.

So the Nets have their first big landing in this total rebuilding project. The question is what the other big piece will be. Crash and Deron Williams isn’t enough. Will it be Joe Johnson? Dwight Howard?

One thing’s pretty clear. The Nets would not have done this deal had they not had high confidence that Deron Williams would re-sign. This was a move to talk Deron into staying, not a package deal, but not not a package deal. Should the Nets land Dwight Howard, Deron Williams, Gerald Wallace, and Dwight Howard with Jason Kidd off the bench is a pretty great core.They still have to find the pieces to put around them, but the Nets are on their way to making a great splash in Brooklyn.

  1. trevormcnamara - Jul 1, 2012 at 11:51 AM

    You said dwight howard is starting twice in the lineup

    • drunkenjunk - Jul 1, 2012 at 12:00 PM

      his ego counts as a person also.

  2. rodgersmvp - Jul 1, 2012 at 12:05 PM

    The sentence was structured weirdly but it doesn’t say DH will be in the starting lineup twice.

    • aqzi - Jul 1, 2012 at 7:06 PM

      “Should the Nets land Dwight Howard, Deron Williams, Gerald Wallace, and Dwight Howard with Jason Kidd off the bench is a pretty great core.”

      I’m pretty sure it was some sort of error…why would DH come off the bench?

  3. readysethike - Jul 1, 2012 at 12:07 PM

    wow I was really thinking he was going to leave this must mean that he resigned because deron is also. maybe the meeting with Dallas on Monday is just out of good faith

    • drunkenjunk - Jul 2, 2012 at 11:05 AM

      Crash is just getting paid man. He deserves it, he’s almost 30 and gettin 10 mil a year for 4 years is great.

  4. reimskyllet9232 - Jul 1, 2012 at 1:13 PM

    good move by the nets. there’s still hope…

  5. zblott - Jul 1, 2012 at 1:14 PM

    Complete rundown of all the Forwards & Centers of note up for free agency:

  6. willardj - Jul 1, 2012 at 1:30 PM

    If the Nets land Howard, they might just become more hated than the Heat.

  7. lakerluver - Jul 1, 2012 at 2:32 PM

    I doubt it, the Heat will be more hated. Just not as much as they once were.

  8. asublimeday - Jul 1, 2012 at 4:07 PM

    Who cares about Howard? The heat are despicable.

  9. thetooloftools - Jul 1, 2012 at 4:25 PM

    Can we rename this free agent speculation “Diva Talk”?

  10. badintent - Jul 1, 2012 at 5:18 PM

    Yo, Cavs fans, G-E-T O-V-E-R I-t !! LBJ is still laughing at you.Dan Gilbert is racist bigot. The dude thinkshe’s running a slave plantation 200 years ago.

    • themajorleagueblog - Jul 1, 2012 at 8:19 PM

      Not a very fair mentality, the NBA is a business and I understand Gilbert is frustrated with James. However, to be that unsympathetic makes you look like an annoying homer

      Anyway, I think Wallace will work out well for the Nets for all the pieces they will sign in the upcoming days.

  11. jolink653 - Jul 1, 2012 at 10:07 PM

    imagine how the nets will look if dwill bolts for dallas and howard changes his mind because of it? they’ll be forced to roll out a starting lineup featuring gerald wallace as the star unless they panic and overpay to get joe johnson from atlanta…they better hope that they can get dwill to come back

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