HoopsHype.com Rumors

The 2010 All-Star, who re-signed on a four-year, $40 million deal over the summer, appreciates the calm and slow pace of Alabama, where he built a 2 1⁄2- acre lake in his backyard for leisurely fishing. He imports catfish and bass, allowing him to cast from a pole off his back porch. There’s no wave runner or water sports at Gerald Wallace Lake, only a paddle boat. He also doesn’t eat seafood. “It’s just something that’s relaxing. It’s something that’s enjoyable,” he said. New York Daily News

Brooklyn Nets, Gerald Wallace 

The Nets have a constant presence in the area near the arena. Lamppost signs read "September is just the beginning," and ads in the subway introduce Nets players to the public. One sign with forward Gerald Wallace's picture reads: "Hello Brooklyn, I'm #45, Gerald Wallace, All-NBA defender and offseason fisherman." The Nets are expected to be a hot ticket, and so much curiosity surrounds the franchise that NBA TV's behind-the-scenes show The Association will follow the team from preseason to finish. USA Today

Brooklyn Nets, Gerald Wallace, Mikhail Prokhorov 

The Brooklyn Nets are introducing their fans to "The Core Four." The Nets unveiled a "Hello Brooklyn" marketing campaign featuring Deron Williams, Joe Johnson, Brook Lopez and Gerald Wallace on Monday in their new borough. The campaign features advertisements of the stars, along with a personalized message that "enables fans to learn more about their hometown team," according to a press release. ESPN.com

Brooklyn Nets, Joe Johnson, Gerald Wallace, Deron Williams, Brook Lopez 

Stefan Bondy: Alabama man Gerald Wallace said he's scared of the city, specifically driving through, so he's living in Jersey. Wallace also loves fishing. Twitter

Brooklyn Nets, Free Agency, Gerald Wallace 

Stefan Bondy: Gerald Wallace will be introduced via conference call today because he's tied up w/ a 2-week camp in Alabama. Nets wanted a PR event. Twitter

Brooklyn Nets, Gerald Wallace 

One possibility to back up Wallace at small forward is Damion James, whom the Nets drafted in 2010 and who spent much of last season sidelined following surgery to repair a stress fracture of the fifth metatarsal in his right foot. The injury was a recurrence of one James initially suffered during his rookie season. New York Post

Brooklyn Nets, Free Agency, Damion James, Gerald Wallace 

Bill Walker: There will be a star rivalry in the Big Apple: You have Amare Stoudemire, Melo, Tyson Chandler and then you have Williams, Johnson and Gerald Wallace. It's going to be fun to watch. I played in New York and I most definitely would like to return there. We'll see. HoopsHype

Brooklyn Nets, New York Knicks, Free Agency, Amare Stoudemire, Bill Walker, Gerald Wallace, Tyson Chandler 

Prokhorov, unlike the vast number of NBA owners, has pooh-poohed the idea of a revamped luxury tax, bankrolling the Nets’ uninhibited spending and star chasing this offseason. If the Nets pull off a trade with Orlando for Howard and, assuming they re-sign Howard to a max deal and keep the contracts of Deron Williams, Joe Johnson and Gerald Wallace, Prokhorov will pay a luxury tax of approximately $107.5 million over the next four years, according to a league source. New York Daily News

Brooklyn Nets, Joe Johnson, Gerald Wallace, Deron Williams 

Mikhail Prokhorov had a good day Thursday. According to the Forbes Real Time Billionaire Tracker, he made $26.37 million or almost enough to pay for Joe Johnson and Gerald Wallace's salaries next season...in a day! Its that kind of wealth and the willingness to spend it that separates Prokhorov from most NBA owners ... and those who previously controlled the Nets. NetsDaily

Brooklyn Nets, Joe Johnson, Gerald Wallace, Mikhail Prokhorov 

As Stefan Bondy writes Friday, the Nets moves already accomplished this week, plus the hoped-for acquisition of Dwight Howard would put his luxury tax bill for the next five years at $107.5 million. That's what excited Nets fans about Prokhorov when he became the richest owner in sports in 2010. This week, that commitment is fully on display, but it didn't just start this week. NetsDaily

Brooklyn Nets, Orlando Magic, Trade, Joe Johnson, Gerald Wallace, Dwight Howard, Mikhail Prokhorov 

Orlando would have to accept a package of Brook Lopez, Kris Humphries, Gerald Wallace, MarShon Brooks and multiple future first-round draft picks, and the Howard deal would take the form of a massive sign-and-trade. SheridanHoops

Brooklyn Nets, Orlando Magic, Draft, Trade, Gerald Wallace, Kris Humphries, Brook Lopez, Marshon Brooks 

Howard Beck: As reported elsewhere, Gerald Wallace and Nets agree to 4yr/$40 mil deal. Source says all 4 yrs guaranteed. Twitter

Brooklyn Nets, Free Agency, Gerald Wallace 

Two agents with clients on the 2011-12 Utah team recently told The Salt Lake Tribune they're open to a sign-and-trade if their players don't re-sign with the Jazz. Jazz forward Paul Millsap is expected to seek a new contract worth as much or more than the four-year, $40 million deal Nets forward Gerald Wallace has reportedly agreed to. Salt Lake Tribune

Utah Jazz, Trade, Gerald Wallace, Paul Millsap 

Fred Kerber: Nets‬ will give Gerald Wallace $40 mil for four years Twitter

Brooklyn Nets, Free Agency, Gerald Wallace 

A handshake agreement between the sides is expected later Sunday, which is the first full day of NBA free agency. ESPN.com

Brooklyn Nets, Free Agency, Gerald Wallace 

Among the ideas discussed was a deal that would send the Hawks' Joe Johnson and the $89.3 million he is owed over the next four seasons to Brooklyn to form a dynamic backcourt tandem with Williams, sources said. Another was a scenario with Houston that would send Luis Scola and the $24.6 million he is guaranteed over the next three seasons to the Nets -- but that concept was tabled by both teams, sources said. The Nets also reached out early Sunday to free agent Gerald Wallace, for whom they traded the No. 6 pick in the draft to Portland. CBSSports.com

Atlanta Hawks, Houston Rockets, Brooklyn Nets, Orlando Magic, Portland Trail Blazers, Trade, Joe Johnson, Gerald Wallace, Dwight Howard, Luis Scola 

If the Nets don't land Howard now, they could do much worse than retaining Williams and pariing him with a front line of Lopez, Wallace and a free-agent swingman such as Andrei Kirilenko or Mirzan Telotovic, a 26-year-old, floor-spacing forward from Bosnia who the Nets are eyeing. (Scouts compare him to Ryan Anderson, for what it's worth.) CBSSports.com

Brooklyn Nets, Free Agency, Gerald Wallace, Deron Williams, Andrei Kirilenko, Brook Lopez, Mirza Teletovic 

While both Deron Williams and Gerald Wallace are expected to test the free-agent market this summer, Brooks is prepping for his second season with the Nets whether or not Williams and Wallace make the move to Brooklyn. “We don’t really have a team right now,” Brooks told The Post. “I’m just working as hard as I possibly can to be ready for whatever role they give me. I’ve been doing a lot of lifting, trying to get stronger. I think that will help me with my defense, my long-range shot.” New York Post

Brooklyn Nets, Free Agency, Gerald Wallace, Deron Williams, Marshon Brooks 

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. ESPN.com

Brooklyn Nets, Gerald Wallace 

Wallace will turn 30 next month, and he’s a fine complementary player — likely to transition from second/third option on a good team into a third/fourth option on the same level of team as his athleticism declines. Given that reality, he may be angling here for a multi-year contract with about the same annual salary, and he could get that from Brooklyn more easily than from most of the realistic or semi-realistic contenders for the title next season. SI.com

Brooklyn Nets, Free Agency, Gerald Wallace