Gerald Wallace is getting too much money, and the Boston Celtics have too many first round picks.

To rid themselves of Wallace's contract, the Celtics are reportedly willing to give up one of those first round picks. Thus, the Celtics would not have to pay the $10.1 million Wallace is owed in the final year of his contract.

From Steve Kyler of Basketball Insiders:

Gerald Wallace remains the lone veteran contract Boston would like to move and sources say the Celtics would be willing to part with one of the half dozen or so first-round draft picks they have amassed to move him this offseason.

Wallace provides strong veteran leadership in the Celtics locker room, but he played only 32 games and averaged 8.9 minutes per game. As noted by Pro Basketball Talk, there's no point in moving Wallace unless the Celtics are certain they'll need the money for another free agent.