Gerald Wallace Free Agency: Nets Forward Opts Out Of His Deal

March 30, 2012; Oakland, CA, USA; New Jersey Nets small forward Gerald Wallace's (45) shot is blocked by Golden State Warriors small forward Dominic McGuire (behind Wallace) during the second quarter at ORACLE Arena. Mandatory Credit: Kyle Terada-US PRESSWIRE

Brooklyn Nets forward Gerald Wallace opted out of the final year of his deal. Will the team re-sign him before their Brooklyn debut next season?

Brooklyn Nets forward Gerald Wallace confirmed on Wednesday night that he plans to opt out of the final year of his contract, putting him on the NBA free agent market this year. Wallace will be seeking a long-term deal for his services, and a possible return to the Nets is not out of the question, says Rick Bonnell of the Charlotte Observer.

Wallace was due to make $9.5 million in the final year of his deal with the Nets. Wallace joined the Nets in March as part of a deal with the Portland Trail Blazers that sent over Mehmet Okur, Shawne Williams and a 2012 protected first-round pick to bring him out East.

The Nets have said that getting Wallace signed to a long-term deal is a priority. However, their decision may hinge on what happens with Deron Williams. The team has only four players under contract currently.

For more on the Nets, please be sure to visit our blog Nets Daily and SB Nation New York for all the latest news and updates.

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