Entirely apart from whether Wallace turns out to be a player that we absolutely could have used (let's see a team weak in rebounding, athleticsm, hustle?) is the rather disturbing oversight by Petrie. If he HAD blossomed what would we have had done? All of a sudden we would have been, to quote my ever colorful father, up **** creek without a paddle, and probably would have had to expose Doug.
Petrie knew the expansion draft was coming. You really believe it was an oversight? (Oops, that's THIS year? My bad) Don't you think, knowing Petrie, it was probably a much more coldly calculated move than that? Let's say Wallace DID develop like we hoped last year. I don't think Petrie would have batted an eye to leave an aging, over-paid off guard exposed, especially if his replacement was at the ready. Relatively slim chance the cats would have picked him up. (when I say Doug is over-paid and aging I am referring to how an expansion franchise would have viewed him)
I don't see the contract with Peeler as being an over-sight either. His three-point shooting during the regular season notwithstanding, I think he was always intended as just a stop-gap measure, and given his history of play-off performance (or lack thereof) which he lived up to in fine fashion, I am not at all sorry to see him go.
Jim Jackson, on the other hand, THAT was a mistake.
Gerald had three years here to develop. Perhaps it was just a square peg/round hole situation. He needs time on the floor to play, to improve and he wasn't earning it here, for whatever reason(s)
I think this is the best thing that could have happened for Gerald.