After weeks of speculation about his status for next season, Rasheed Wallace does plan to retire, according to his agent, Bill Strickland.
Newest Celtic Shaquille O'Neal told reporters in Orlando this weekend that Wallace was rethinking his decision to retire after he pleaded with the four-time All-Star to return for at least another season. Strickland told the Globe Monday that his client will not return to the Celtics.
Following Game 7 of the NBA Finals, Wallace waited outside of the officials’ locker room at Staples Center to talk to official Dan Crawford, telling him that he had planned to retire and just wanted to have a conversation. Wallace hasn't spoken publicly since the Finals but there has been mass speculation about whether he would stick to his retirement promise.
Wallace has two years and $13 million left on his contract and the Celtics could reach a settlement with the power forward or trade his contract to a club who could receive the salary cap relief after the 2012 season. Team president Danny Ainge has been trying to trade Wallace's contract this offseason but the uncertainty of the collective bargaining agreement after 2011 has clouded the impact of adding such a contract.