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Sunday September 30th, 2012

Veteran Rasheed Wallace will reportedly come out of retirement and join the New York Knicks. (Christian Petersen/Getty Images)

Rasheed Wallace informed the New York Knicks that he plans to come out of retirement and join the team, reports the New York Post.

Wallace, 38, will practice when training camp starts Tuesday.

The 6-foot-11 Wallace, who worked out with the Knicks over the weekend, retired two years ago after a disappointing season with the Celtics. The Knicks are expected to announce the signing Monday at Media Day.

Wallace’s agent, Bill Strickland, would not confirm Wallace's signing.  No terms were announced, but Wallace would likely make the league veteran’s minimum of $1.7 million.

“I don’t know if he signed yet but he has looked good from the time he has been with us,’’ Knicks center Amar’e Stoudemire said on Friday.

Wallace is the fourth player the Knicks have on the roster older than 38, joining veterans Jason Kidd (39), Marcus Camby (38), and Kurt Thomas (38). Wallace last played in the NBA in the 2009-10 season where he averaged a career-low nine points a game.  In 15 seasons, Wallace has averaged 14.6 points and 6.7 rebounds a game.

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