After weeks of speculation about his status for next year, Rasheed Wallace indeed plans to retire. Agent Bill Strickland told the Boston Globe on Monday that his client will not return to the Celtics.
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 that could receive the salary-cap relief after the 2012 season.
•Mike Ilitch, who owns the Tigers and Red Wings, plans to make a formal bid to buy the Pistons. … Commissioner David Stern said the NBA will play two regular-season games in London. The March 4-5 games will pit the Raptors and Nets. … The Timberwolves officially signed free-agent forward Anthony Tolliver to a two-year deal. … The Nets signed free-agent forward Sean May. … Scottie Pippen announced he will be presented by former teammate Michael Jordan when he is inducted into the Basketball Hall of Fame on Friday. Karl Malone will be presented by former Knicks center Willis Reed.
