gerald wallace

The Brooklyn Nets reached a verbal commitment with swingman Gerald Wallace on a four-year deal worth $40 million, according to sources close to the process.

The Nets have been openly confident in their ability to re-sign Wallace, who opted out of the final year of his contract last month with the intent of staying with the Nets.

No new contracts in the NBA can be officially signed until July 11, but sources told that Wallace — originally expected to land a three-year deal worth $24 million — will instead land the four-year deal.

– Reported by Marc Stein of

Read NBA fan reaction and share your opinion in this basketball forum topic.