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Gerald Wallace not seeking ext. w/ Blazers
Gerald Wallace - F - Portland Trail Blazers
Jan. 10, 2012 - 8:10 PM ET

The Blazers have been told by representatives of Gerald Wallace that he will not seek an extension with the team.

He has a player option in his contract and it sounds like he might be planning to opt out and become an unrestricted free agent, although it's also being reported that he wants to stay in Portland and retire with the Blazers. And they're going to have to pay a hefty price if they want to keep him.

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