Updated: June 15, 2012, 6:36 am ET

Report: Wallace Opts Out of Contract

By HOOPSWORLD
Basketball News & NBA Rumors

Brooklyn Nets small forward Gerald Wallace has opted out of the final year of his contract, according to multiple reports.

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.

via Mike Mazzeo of ESPN New York

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