OT: Gerald Wallace opts out of contract

[moocow007]

As far as the opt out goes? I think this wasn't a shocker. Believe the expectations for quite some time now was the Wallace was going to opt out (Billy King even mentioned it a while back that the expectations was that Wallace would opt out but that they'd look to resign him). Wallace is 29. This may be his best shot at getting that one final big payday.

If Billy King knew he would probably opt out, then trading a lottery pick for him looks even worse because that means he could have just kept the pick and signed up as a FA anyway.

Yeah...

Hey I tried to spin it positively.

[KnicksGod]

wallace is the dummy here. he's never going to make 10 mill for one year again. might as well have played it out.

Yeah I'm pretty surprised he didn't take that big option. Maybe he doesn't want to be on a bad team?

The Nets should let him go honestly but then they traded a lottery pick for absolutely nothing. I think that saving face comes into play here.

It's a really bad last year for the Nets. They are in big, big trouble.

[j4remi]

The more FA's out there to eat other teams' cap space up the better.

[KnicksGod]

As far as the opt out goes? I think this wasn't a shocker. Believe the expectations for quite some time now was the Wallace was going to opt out (Billy King even mentioned it a while back that the expectations was that Wallace would opt out but that they'd look to resign him). Wallace is 29. This may be his best shot at getting that one final big payday.

If Billy King knew he would probably opt out, then trading a lottery pick for him looks even worse because that means he could have just kept the pick and signed up as a FA anyway.

Yeah...

Hey I tried to spin it positively.

Especially because the Nets have cap room, his Bird Rights won't even be needed because who would pay this guy $9M or whatever? He's an MLE player at best.

They just threw away their pick, formally and officially. The only reason to trade for him was to get his Bird Rights or have him opt in to the final season. He opted out and now his Bird Rights are basically useless.

[seren]

I think the trade is awful as I don't think Wallace have that much left in the tank.

That said, assumptions about whether Wallace would have opted out anyways are unfounded. Agents talk with the teams all the time. RJ several years ago opted out of a 14 million dollar contract to sign a long term deal with San Antonio. It would be naive to assume he would have opted out anyways if he didn't get some assurances from the club for a long term deal.

I can only assume Wallace already agreed on a long term deal that can't be finalized yet maybe getting a paycut on the annual amount.

[MozTheMan]

Terrible scenarios for the Nets:
1) He leaves to another team, they lose the pick for nothing
2) Nets overpay so they dont look like fools losing the pick

Best case (still a bad trade):
1) He gets no good offer and Nets get him cheaper. Still wasnt worth the pick even in a mediocre draft


The Nets are putting too much pressure on themselves and making bad decisions.

[KnicksGod]

Terrible scenarios for the Nets:
1) He leaves to another team, they lose the pick for nothing
2) Nets overpay so they dont look like fools losing the pick

Best case (still a bad trade):
1) He gets no good offer and Nets get him cheaper. Still wasnt worth the pick even in a mediocre draft


The Nets are putting too much pressure on themselves and making bad decisions.

They already lost the pick for very, very close to nothing. Why did they need to get his Bird Rights? The bigger raises and extra year is all they have now really, unless I'm missing something.

The Nets have cap room at $9M or so under the most likely scenario. So they could have just signed him with their cap room, if they wanted him.

Putting aside whether he would have opted out or not, etc., had the Nets not traded for him, as things stand right now ... they are getting pretty much nothing out of this trade.

Tell me if I'm missing something. Wallace's Bird Rights mean almost nothing to the Nets right now, unless they trade him. Bigger raises and the extra year is the only advantage they have with him now (unless they look to sign-and-trade him which probably doesn't benefit Wallace so why would he do it).

[seren]

Terrible scenarios for the Nets:
1) He leaves to another team, they lose the pick for nothing
2) Nets overpay so they dont look like fools losing the pick

Best case (still a bad trade):
1) He gets no good offer and Nets get him cheaper. Still wasnt worth the pick even in a mediocre draft


The Nets are putting too much pressure on themselves and making bad decisions.

They already lost the pick for very, very close to nothing. Why did they need to get his Bird Rights? The bigger raises and extra year is all they have now really, unless I'm missing something.

The Nets have cap room at $9M or so under the most likely scenario. So they could have just signed him with their cap room, if they wanted him.

Putting aside whether he would have opted out or not, etc., had the Nets not traded for him, as things stand right now ... they are getting pretty much nothing out of this trade.

Tell me if I'm missing something. Wallace's Bird Rights mean almost nothing to the Nets right now, unless they trade him. Bigger raises and the extra year is the only advantage they have with him now (unless they look to sign-and-trade him which probably doesn't benefit Wallace so why would he do it).

Maybe they are not planning to go under the cap this year and actually plan to spend much more than 58 million.

I am not saying it is a good plan but it is not like there is no use. If the plan is to give everyone an extension and then using mid-level and bi-annual, this is the way to go.

[Huey Freeman]

They stupidky gambled with that trade but they will absolutely use that extra money per TPEs to get a better player/value than Gerald Wallace. Teams wanting to save their amnesty but still wanting to rid themselves of certain contracts will certainly call the Nets. They SHOULD find some team offering something "decent" when it comes to skill. Not all-stars but known commodities. I know if I had a vet that wasn't in our future plans and had 2 years left on their deal I would inquire about the Nets interest because I know they have to field a decent team to open that new arena. They'll be more desperate than the normal franchise with a lot cap room.

[KnicksGod]

Terrible scenarios for the Nets:
1) He leaves to another team, they lose the pick for nothing
2) Nets overpay so they dont look like fools losing the pick

Best case (still a bad trade):
1) He gets no good offer and Nets get him cheaper. Still wasnt worth the pick even in a mediocre draft


The Nets are putting too much pressure on themselves and making bad decisions.

They already lost the pick for very, very close to nothing. Why did they need to get his Bird Rights? The bigger raises and extra year is all they have now really, unless I'm missing something.

The Nets have cap room at $9M or so under the most likely scenario. So they could have just signed him with their cap room, if they wanted him.

Putting aside whether he would have opted out or not, etc., had the Nets not traded for him, as things stand right now ... they are getting pretty much nothing out of this trade.

Tell me if I'm missing something. Wallace's Bird Rights mean almost nothing to the Nets right now, unless they trade him. Bigger raises and the extra year is the only advantage they have with him now (unless they look to sign-and-trade him which probably doesn't benefit Wallace so why would he do it).

Maybe they are not planning to go under the cap this year and actually plan to spend much more than 58 million.

I am not saying it is a good plan but it is not like there is no use. If the plan is to give everyone an extension and then using mid-level and bi-annual, this is the way to go.

OK well yes -- if they plan on paying Humphries/Lopez substantial dollars and filling up their roster, without getting cap room, then it does make some logical sense at least.

Although, I will add that even then -- even if they don't go under the cap -- couldn't they have just used their MLE on Gerald Wallace?

I wouldn't pay Wallace more than $5M per. You'd be stupid to.

[KnicksGod]

They stupidky gambled with that trade but they will absolutely use that extra money per TPEs to get a better player/value than Gerald Wallace. Teams wanting to save their amnesty but still wanting to rid themselves of certain contracts will certainly call the Nets. They SHOULD find some team offering something "decent" when it comes to skill. Not all-stars but known commodities. I know if I had a vet that wasn't in our future plans and had 2 years left on their deal I would inquire about the Nets interest because I know they have to field a decent team to open that new arena. They'll be more desperate than the normal franchise with a lot cap room.

They don't have as much cap room as you think. Check it out. I think it comes out to $9M and that's with waiving Humphries ... unless they waive/lose Deron which I guess is very possible now.

[seren]

OK well yes -- if they plan on paying Humphries/Lopez substantial dollars and filling up their roster, without getting cap room, then it does make some logical sense at least.

Although, I will add that even then -- even if they don't go under the cap -- couldn't they have just used their MLE on Gerald Wallace?

I wouldn't pay Wallace more than $5M per. You'd be stupid to.

I wouldn't pay Wallace a cent above the minimum TBH. He is an energy guy who will be getting worse by age. He can't shoot. He can't create. There are health concerns with him as well.

[MozTheMan]

Terrible scenarios for the Nets:
1) He leaves to another team, they lose the pick for nothing
2) Nets overpay so they dont look like fools losing the pick

Best case (still a bad trade):
1) He gets no good offer and Nets get him cheaper. Still wasnt worth the pick even in a mediocre draft


The Nets are putting too much pressure on themselves and making bad decisions.

They already lost the pick for very, very close to nothing. Why did they need to get his Bird Rights? The bigger raises and extra year is all they have now really, unless I'm missing something.

The Nets have cap room at $9M or so under the most likely scenario. So they could have just signed him with their cap room, if they wanted him.

Putting aside whether he would have opted out or not, etc., had the Nets not traded for him, as things stand right now ... they are getting pretty much nothing out of this trade.

Tell me if I'm missing something. Wallace's Bird Rights mean almost nothing to the Nets right now, unless they trade him. Bigger raises and the extra year is the only advantage they have with him now (unless they look to sign-and-trade him which probably doesn't benefit Wallace so why would he do it).

Thats one thing i dont really understand in the new CBA....sign and trade.

I know we cant sign and trade Lin. Can the Nets even trade Wallace?

[Huey Freeman]

They stupidky gambled with that trade but they will absolutely use that extra money per TPEs to get a better player/value than Gerald Wallace. Teams wanting to save their amnesty but still wanting to rid themselves of certain contracts will certainly call the Nets. They SHOULD find some team offering something "decent" when it comes to skill. Not all-stars but known commodities. I know if I had a vet that wasn't in our future plans and had 2 years left on their deal I would inquire about the Nets interest because I know they have to field a decent team to open that new arena. They'll be more desperate than the normal franchise with a lot cap room.

They don't have as much cap room as you think. Check it out. I think it comes out to $9M and that's with waiving Humphries ... unless they waive/lose Deron which I guess is very possible now.

Word? Okay. I was speaking as if they will certainly lose Williams as he signs somewhere else. So even if they lose Deron they're still f**ked. Wow, then this whole thing DOES seem bad.

[KnicksGod]

Terrible scenarios for the Nets:
1) He leaves to another team, they lose the pick for nothing
2) Nets overpay so they dont look like fools losing the pick

Best case (still a bad trade):
1) He gets no good offer and Nets get him cheaper. Still wasnt worth the pick even in a mediocre draft


The Nets are putting too much pressure on themselves and making bad decisions.

They already lost the pick for very, very close to nothing. Why did they need to get his Bird Rights? The bigger raises and extra year is all they have now really, unless I'm missing something.

The Nets have cap room at $9M or so under the most likely scenario. So they could have just signed him with their cap room, if they wanted him.

Putting aside whether he would have opted out or not, etc., had the Nets not traded for him, as things stand right now ... they are getting pretty much nothing out of this trade.

Tell me if I'm missing something. Wallace's Bird Rights mean almost nothing to the Nets right now, unless they trade him. Bigger raises and the extra year is the only advantage they have with him now (unless they look to sign-and-trade him which probably doesn't benefit Wallace so why would he do it).

Thats one thing i dont really understand in the new CBA....sign and trade.

I know we cant sign and trade Lin. Can the Nets even trade Wallace?

Lin is an exception because of his situation, and the Knicks don't have full Bird Rights.

The Nets have Gerald's Bird Rights in full. They can certainly S&T him (but the bigger raises and extra year are gone from S&T's so the only reason for Wallace to do it is to go to a team that doesn't have cap room).

But again, who the hell would need cap room or want to S&T for Wallace? Just sign him with a part of your MLE or whatever. I half agree with seren that he's an LLE or min guy anyway.