In the summer of 2005, Gerald Wallace received the highest offer from other teams of an average of 6 million US dollars a year. At that time, the Bobcats did not have Bird rights but had cap space, so they matched the contract. However, since they did not have Bird rights, the contract offered by the Bobcats was similar to other teams, with annual salary increases several percentages points lower than what a Bird rights renewal would have been.
After some deliberations, Gerald Wallace took a pay cut with a starting salary of 5 million US dollars to sign a two-year contract worth 10.53 million US dollars, aiming to accumulate Bird rights.
Actually, this matter had been discussed by the media during All-Star Weekend, and the conclusion reached at the time was that Gerald Wallace could probably secure a long-term contract averaging 10 million a year.
Now, all these news articles and posts are saying that Gerald Wallace deserves a maximum salary...