Say what you want about the guy, but it's not his fault he has that contract. Since Rondo has been back he has been playing pretty well. He has always played hard, and you can't really ask much more from a wing than 52% shooting! and he is even hitting 32% of his threes. His free throws are even up to 80% over the last five games, and he is being aggressive offensively. I know that we have a ton of Wallace haters, but he does do some things well.
I'm not a Wallace hater, I actually really like his playing and his hustle. It just really comes down to the contract. Not saying that he's not worth what he's getting paid, but in the phase the Celtics are currently at, it doesn't make much sense to keep him.
He's not worth what he's being paid. I don't really think it's debatable, and I'm relatively pro-Crash. That said, I don't think you trade him if it's going to cost you at least one first-rounder, which is certainly the case today. As time goes on, two things could happen (and they're not mutually exclusive):
1) The Celtics could start to win, so having a glue guy like Wallace becomes worth more, since now you're winning.
2) There is a shorter duration left on his contract, so it no longer becomes as costly (or costly at all) to move.
I fully expect Wallace to be on this roster until at least next year's trade deadline. I hope that we get more of the recent Gerald Wallace, and less of the 35% free throw shooting/passing up wide open shots Gerald Wallace.