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Gerlad Wallace to re-sign with Bobcats for $57 million
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Pharzeone
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7/11/2007  6:31 PM
Source: Wallace, Bobcats agree to deal
DAVID SCOTT
dscott@charlotteobserver.com

The Charlotte Bobcats and free-agent forward Gerald Wallace have agreed to a contract, the Observer has learned.

A source close to the negotiations said Wallace will sign a six-year deal worth $57 million. The sixth year of the contract will be Wallace's option. He also can earn bonuses worth as much as $2 million each season.

Wallace's contract with the Bobcats, who obtained him in the NBA's expansion draft in 2003, expired at the end of last season, and he briefly became a free agent.
I don't like to play bad rookies , I like to play good rookies - Mike D'Antoni
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VDesai
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7/11/2007  6:33 PM
Nice deal for Wallace.
djsunyc
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7/11/2007  6:36 PM
compared to rashard, this is amazing.
babyKnicks
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7/11/2007  6:38 PM
where's that overpaid thread...the knicks are starting to fall in line with average salaries for their contributions.
Let's go Knicks. That's amare
Pharzeone
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7/11/2007  6:42 PM
Posted by babyKnicks:

where's that overpaid thread...the knicks are starting to fall in line with average salaries for their contributions.

After the Lewis deal and even the Carroll deal this had to be expected. Like dj said it is amazing although I see he got those incentive bonuses which can count against the cap.
I don't like to play bad rookies , I like to play good rookies - Mike D'Antoni
babyKnicks
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7/11/2007  6:51 PM
right now,
he's paid more than every knick but 2 and he's making about the same as Curry.

Though, I could be reading this wrong:
http://www.hoopshype.com/salaries/new_york.htm

WOW!
Let's go Knicks. That's amare
Bonn1997
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7/11/2007  7:00 PM
He's also a more versatile, better two-way player than any Knick.
islesfan
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7/11/2007  7:03 PM
Posted by VDesai:

Nice deal for Wallace.

Nice deal for the Bobcats too.
If it didn’t work in Phoenix with Nash and Stoutamire... it’s just not a winning formula. It’s an entertaining formula, but not a winning one. - Derek Harper talking about D'Antoni's System
TrueBlue
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7/11/2007  7:55 PM
Good Deal.

He got about what his market value should be but wait.... I thought the Knicks could send Jamal and Malik over and the Bobcats would jump at such deal. I thought the Knicks were a lock to sign him.(like all the other so called big names mentioned in rumors)(rolling eyes)


It's so funny going through each off-season watching FA's that this team desperately needs to acquire sign elsewhere, meanwhile we hand out full MLE deals or orchestrate mind boggling S&T deals or trades for players we shouldn't want or need to acquire.


BTW Matt Carroll is not overpaid! I don't understand why some have their panties in a bunch over his contract. He makes less than the MLE as he should. I think what distorts peoples thinking is the yrs. Yeah he got 6yrs so what, he shoots the ball extremely well especially from the arc and plays hard every night.

$27mil/6yrs=$4.5 and considering his first yr salary will be less than the avg by about $1mil=$3.5mil how is he overpaid? If he's overpaid by how much is it? If he gets better over the course of the deal, which he very well could, wouldn't his contract be a steal?

[Edited by - TrueBlue on 07-11-2007 6:58 PM]
LMFAO @ the Bio [url]http://en.wikipedia.org/wiki/Stephon_Marbury[/url]
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Gerlad Wallace to re-sign with Bobcats for $57 million
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