Brooklyn Nets small forward Gerald Wallace has opted out of the final year of his contract.  Good job Brooklyn Nets’, you gave up your first round pick for Gerald Wallace who could possibly just up and leave and of course we all know Deron Williams could be out of there too.  Somebody throw Billy King a lifeline.  Read more after the jump.
Wallace had until midnight ET Wednesday to decide on his $9.5 million player option for 2012-13.
Wallace now becomes an unrestricted free agent. He had said he wasn’t going to play on a one-year deal.
General manager Billy King said Wallace deserves a multiyear deal and wants to re-sign him.
Wallace, 29, averaged 15.2 points, 6.8 rebounds and 3.1 assists in 16 games after being traded to the Nets.
King dealt his team’s first-round pick in the 2012 draft (No. 6) to the Portland Trail Blazers in a highly scrutinized move for Wallace.
