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.

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 ...



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