With him not extending his contract for two years, I think Wallace is going to be able to demand a five year deal. The question is do we want to be overpaying Gerald in four or five years?
Let it be said I LOVE the trade for him--it was probably more of a steal than the Gasol trade because Memphis got a pretty decent player out of the deal. His play this season is inspired. He feeds off of our fans in game more than any other Blazer that I have seen. As nice as his offensive numbers have been at home, he works at least that hard on the defensive end.
Now with that mini lovefest out of the way, I don't think we should re-sign him. He is going to be costly and I would be surprised if his play will not deteriorate significantly in the coming years. Paul Allen is still shelling out beaucoup bucks to a player who will never set foot on NBA hardwood dressed and ready to go again.
Wallace is clearly not a fit for the PNW like Roy and Crawford are either--he certainly seems to appreciate the Rose Garden and the team though.
TL;DR---------I don't want the Blazers to pay out the buttocks for five years and receive an aged sand slowed Gerald Wallace despite his passionate hardnosed (and frankly thrilling) play