The Blazers have until Jan. 25 to extend the rookie contract of Batum, 23, who is making a pro-rated $2.16 million this season and would be due a qualifying offer of $3.17 million as a restricted free agent next season. If the deadline passes without a deal, the Blazers can extend him beginning July 1, match an offer from another team or let him go.
Wallace, 29, is making $9.5 million this season and can opt out of a contract that calls for him to make $9.5 million again next season. The 6-7, 11-year veteran won’t say much about his feelings on the possibility of an opt-out.
As Eggers notes, Marcus Camby, Greg Oden, and Raymond Felton will all be free agents after this season, and if Wallace opts out, it could cost a combined $17 million or more to keep both of the team’s small forwards on the team next season.
This will not be an easy off-season decision for the Blazers, as it comes down to a classic case of production vs. potential. Wallace has had a tremendous impact for the Blazers ever since he was traded from the Bobcats, and currently leads the team in unadjusted +/-. If the Blazers let him walk, they will almost certainly suffer in the short-term. However, Wallace has a nasty injury history, has earned his nickname of “crash,” and is about to hit the big 3-0, which would make a lot of GMs hesitate to commit to him long-term, especially since Wallace’s game has always been more about energy and athleticism than outside shooting and passing, which are two qualities players tend to keep as they head into their 30s and lose their athleticism.
Batum, meanwhile, is shooting below 40% from the floor this season, but he’s 23, long, athletic, a great defender, and has a great three-point stroke, which is why he’s been all but untouchable for the Blazers for some time now.
The Blazers are currently having their cake and eating it too, but that won’t last long — at some point, likely this off-season, they’ll have to choose between Wallace’s production and Batum’s potential when making a long-term decision.