of The Oregonian reports
that Portland Trail Blazers forward Gerald Wallace will not seek a contract extension this season, preferring instead to keep his options open for next summer.
Blazers have been informed by Gerald Wallace camp that he will not seek an extension with Blazers this season.
Wallace has not made a decision whether to opt out of his contract this summer. If he does opt out, the Blazers retain his Bird Rights.
Blazers interim GM Chad Buchanan: "There is genuine interest on both ends. We value Gerald and what he brings."
Wallace has a player option for $9.5 million for the 2012-2013 season. Barring injury, Wallace, 29, will almost certainly opt out this summer and cash in on one final, massive NBA pay day. This summer's free agency class will be loaded
but Wallace has been playing at such a high level that he will be in the upper echelon of free agents.
The lockout-induced fears that he might get lost in the free agency shuffle or that the system would be changed so drastically that he would take a big per-year hit by opting out have safely passed. He's set up to get paid.
-- Ben Golliver | firstname.lastname@example.org | Twitter
text edited, bumped to front page