Truth & Rumors > NBA

Rasheed's contract not guaranteed until January

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08:11 AM ET 10.18 | Broadway may not be calling for him, after all. Coach Mike Woodson has time to decide if out-of-shape Rasheed Wallace can help the Knicks before owner James Dolan is on the hook for the entire $1.3 million veteran's minimum. According to a person familiar with the situation, Wallace's contract won't be guaranteed in full until Jan. 5. Wallace signed a traditional non-guaranteed, make-good pact that has no addendums, The Post has learned. Under the CBA, standard non-guaranteed contracts signed for training camp mandate the pact has to be guaranteed in full by Jan. 5. Additions can be made in certain instances to have the contract guaranteed if the player makes the team. That didn't happen with Wallace.

New York Post

Mike Woodson, Icon Sports Mike Woodson, Icon Sports
Comment #1 has been removed
October 18, 2012  08:35 AM ET

SHHHHHHEEEEEEEEDDDDDDD!!!!!!! To bad the "Ball Dont Lie" Sheed.

October 18, 2012  08:36 AM ET

I guess his contract depends on how many technicals he receives or don't receive between the season start until January.

October 18, 2012  08:41 AM ET

smart move here!

Comment #5 has been removed
October 18, 2012  08:44 AM ET

This is an old bashing thread. Let's move on, we already know that Camby, Thomas, as well as Kidd, in addition to Wallace is 38 and older. Crying from the bashers is not going to change this. The Knicks have elected to go this route so live with it bashers just as we New Yorkers do. Again, you bashers are talking championship wit da ova 30 something Lakers, yeah you know the ones wit da names Kobe, Nash, Peace, Jamison, Gasol, Blake, yeah, pretty much everbody of importance except Howard. Funny thoughm, prior to the arrival of Howard, absolutely no one was championing Kobe and the Lakers as championship material.......how convienent and contridictuary!

October 18, 2012  09:13 AM ET
QUOTE(#5):

He can't afford Ts anymore. His salary will all go to Ts if he does that.

that would be quite funny as he still needs to pay the income tax

Comment #8 has been removed
October 18, 2012  09:30 AM ET

$1.3M? They should have signed some of the other guys to non-guaranteed contracts. What will this save them potentially... $650k? That's pocket change to some of his team mates.

Comment #10 has been removed
October 18, 2012  09:36 AM ET

Where Brooklyn at?
Where Brooklyn at!

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October 18, 2012  10:06 AM ET
QUOTE(#12):

Biggie.

Yes sir!
On the nets opening night they must start it off with that chant, followed by Jay Z's line from n***as in parris "moving the nets Bk, ball so hard".
Then let the beat from that track flow....

October 18, 2012  10:24 AM ET

The Game Has Passed You By, Bro.

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