He has been in this role since June 18, 2007. His main responsibilities include free agent signings, trades and draft preparation. Before assuming that position he was the general manager of the Boston Celtics for 10 seasons and has worked in the NBA since 1986, yet unlike many of his general manager peers he has never been a player or coach in the NBA.
Before joining the Heat, Wallace worked in various scouting capacities for the Portland Trail Blazers, Denver Nuggets, Los Angeles Clippers, and New York Knicks. He also worked as a draft consultant for the United States Basketball League.
In 1981, while a student at the University of Kansas, Wallace founded Blue Ribbon College Basketball Yearbook, an in-depth preseason guide, which he edited and published until 1996. His work on the publication helped him build a reputation as an expert in the field.
Was hired by the Boston Celtics in 1997, with Miami receiving a 2nd-round draft pick to end his contract and allow him to take the new job, and became general manager for the 2000-01 season. The next season, Wallace would make a trade-deadline trade with the Phoenix Suns of Joe Johnson for Tony Delk and Rodney Rogers (among others), which would help get the Celtics to their first Eastern Conference finals in over a decade, but the trade became problematic over the long-term when Johnson became a major star with Phoenix and Atlanta, while Rogers left the Celtics after Wallace failed to sign him to a contract extension. One positive of Chris Wallace's time in Boston was the draft of Paul Pierce, who inexplicably fell to the Celtics with the No. 10 pick. He also traded for Vin Baker who had been signed to a large contract and tied up Boston's salary cap for three years while battling alcoholism. He has been criticized for his draft history and his free-agent signings while the Celtics' GM.
Chris Wallace was hired to replace outgoing president Jerry West for the 2007-08 season. Wallace stated in an initial press conference that his goal is to one day win a championship with this team and head coach Marc Iavaroni. He was brought to work in Memphis just days before the 2007 draft, where the Grizzlies chose point guard Mike Conley, Jr. with the fourth pick. Iavaroni lasted for just over a year as coach before being fired.
Wallace was heavily criticized for trading away the Grizzlies' 27-year old franchise player, Pau Gasol, to the Los Angeles Lakers on February 1, 2008. In exchange, the Grizzlies received a rookie 2nd round pick who had not played in the NBA yet (Marc Gasol), plus a pair of very low future first round picks (Lakers' 2008 and 2010). Many fans and sports commentators believed that the Grizzlies did not receive enough talent in return for Gasol and that the deal was a salary dump. The move also puzzled some rivals. San Antonio Spurs head coach Gregg Popovich was quoted by Sports Illustrated saying "What they did in Memphis is beyond comprehension. There should be a trade committee that can scratch all trades that make no sense. I just wish I had been on a trade committee that oversees NBA trades. I would have voted no to the LA trade."
Danny Ainge (Boston Celtics) Billy King (New Jersey Nets) Vacant (New York Knicks) Rod Thorn (Philadelphia 76ers) Bryan Colangelo (Toronto Raptors) Gar Forman (Chicago Bulls) Chris Grant (Cleveland Cavaliers) Joe Dumars (Detroit Pistons) David Morway (Indiana Pacers) John Hammond (Milwaukee Bucks) Rick Sund (Atlanta Hawks) Rich Cho (Charlotte Bobcats) Pat Riley (Miami Heat) Otis Smith (Orlando Magic) Ernie Grunfeld (Washington Wizards)
Before joining the Heat, Wallace worked in various scouting capacities for the Portland Trail Blazers, Denver Nuggets, Los Angeles Clippers, and New York Knicks. He also worked as a draft consultant for the United States Basketball League.
In 1981, while a student at the University of Kansas, Wallace founded Blue Ribbon College Basketball Yearbook, an in-depth preseason guide, which he edited and published until 1996. His work on the publication helped him build a reputation as an expert in the field.
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Wallace was heavily criticized for trading away the Grizzlies' 27-year old franchise player, Pau Gasol, to the Los Angeles Lakers on February 1, 2008. In exchange, the Grizzlies received a rookie 2nd round pick who had not played in the NBA yet (Marc Gasol), plus a pair of very low future first round picks (Lakers' 2008 and 2010). Many fans and sports commentators believed that the Grizzlies did not receive enough talent in return for Gasol and that the deal was a salary dump. The move also puzzled some rivals. San Antonio Spurs head coach Gregg Popovich was quoted by Sports Illustrated saying "What they did in Memphis is beyond comprehension. There should be a trade committee that can scratch all trades that make no sense. I just wish I had been on a trade committee that oversees NBA trades. I would have voted no to the LA trade."
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