Nets And Gerald Wallace Agree On 4-Year $40 Million Deal

Nets And Gerald Wallace Agree On 4-Year $40 Million Deal

Published on July 1st, 2012

The Brooklyn Nets and veteran wing Gerald Wallace have agreed on a 4-year $40 million deal Sunday...


Posted by Daye Kaba

The Brooklyn Nets and veteran wing Gerald Wallace have agreed on a 4-year $40 million deal Sunday:

“The Brooklyn Nets reached a verbal commitment with swingman Gerald Wallace on a four-year deal worth $40 million, according to sources close to the process. The Nets have been openly confident in their ability to re-sign Wallace, who opted out of the final year of his contract last month with the intent of staying with the Nets. No new contracts in the NBA can be officially signed until July 11, but sources told ESPN.com that Wallace — originally expected to land a three-year deal worth $24 million — will instead land the four-year deal. Wallace opted out of the $9.5 million he was originally scheduled to earn in 2012-13 on June 15 to proceed to free agency.”

That is a huge deal for Wallace. I don't think he is worth all that money, but hey, he has been a solid player for years now. His agent did a great job setting him up with this contract.

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