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CHARLOTTE, N.C. (AP) - Gerald Wallace signed his six-year, $57 million contract with Charlotte on Thursday and capped an expensive month for a Bobcats team pushing to make the playoffs next season.
Wallace's deal includes several incentives that could pay him up to an additional $2 million per season. The sixth year of the deal is a player option.
"Re-signing Gerald was our top priority this offseason," Bobcats vice president Bernie Bickerstaff said. "He has been with us since our inception, and his commitment to effort and willingness to lay it on the line night in and night out embodies what this team and organization are all about."
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