OT: Gerald Wallace opts out of contract

[socks fit OK]

Billy King should've never been hired...

If Deron leaves, and it's looking more and more that he does, the Nets roster will look like:

Anthony Morrow
Jordan Farmar
Johan Petro
Brook Lopez
Damion James
Marshon Brooks
Jordan Williams

...and they gave away the No.6 overall pick and have nothing to show for it.

[DocZaius]

lolololololololol

[god shammgod]

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

In most situations this would have been a dumb move on his part but in this case it was a good business decision. In order for King not to look like a total idiot he will resign him to an extended contract for 10 million. He and that organization are now in face saving mode. It amazes me that there are GM's that have not learned from our past mistakes.

i guess i'm not considering that the nets will overpay him. they've shown enough stupidity that you're probably right. on the open market he's an mle player and he can get that next year too.

[CrazyKnicks]

Regardless if he resigns or not, that trade was just bad. Set you back a few years bad. If the Nets wanted Wallace they could have signed him in the offseason. They gave up a lottery pick to rent him and didn't make the playoffs.

[NoLayupRule]

ouch!

NJ looking like they gave a very high pick for a lot of nothing

[Knicks_Fan2]

Wallace will certainly command more than the MLE in the open market. Just not what NJ is about to give him which will assuredly be horrific.

[KnicksScholar24]

I don't know why Wallace would opt out. There is no team willing to pay him $9.5 million this season, and his value wouldn't have drop by much in one season. He would still only be 30.

He probably did it because Billy King told him that they were going to re-sign him to a multi-year deal. I like Wallace, but he's no longer a difference maker on a team. At best he's a 3rd or 4th option offensively.

Billy King and Otis Smith never should have been GM.

[Quick Kick]

Dumb ass Nets.

[UnderdogKnicks]

Billy King is the new Isiah.

[3StarburyAriza21]

[quote="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.[/quote]

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.

[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.

[K_ick_God]

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.

[K_ick_God]

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.

[Kampuchea]

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.

[K_ick_God]

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.

[K_ick_God]

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.