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Reports: Gerald Wallace a free agent

Updated: June 14, 2012, 6:41 PM ET
By Mike Mazzeo | Special to ESPNNewYork.com

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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