July 11, 2012 12:00 AM
The two sides reached an agreement at the start of the month but the Nets could not official announce the signing until Wednesday.
Acquired from Portland at the trade deadline, Wallace started 16 games for the Nets, averaging 15.2 points, 6.8 rebounds, 3.1 assists and 1.4 steals in 35.8 minutes
The 25th pick in the 2001 draft, Wallace has appeared in 673 games with the Kings, Bobcats, Trail Blazers and Nets "
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Nets also announce acquisition of forward Reggie Evans in sign and trade.Read more
Deron Williams took to Twitter early Wednesday morning to announce the official signing of his contract, just like he had done a week earlier to announce his decision to re-sign with the Nets.Read more
The deal, widely reported last week, was made official on Wednesday after the NBA's moratorium on signing free agents and making trades expired. The Nets traded forward DeShawn Stevenson to the Hawks along with the expiring contracts of guards ...Read more