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Wallace is a potential threat...to his own team
Technical fouls and Rasheed Wallace pretty much go hand in hand.
Let's face it: Wallace plays with great emotion—an emotion detrimental to himself as a player. He exhibits no restraint out on the floor, and as a result, it comes at the cost of his respective team.
Wallace not only holds the record for the most technical fouls in one season, but he also has the most of any player in NBA history.
In the 2000-01 season, he had 41. For his career, he has 304 technical fouls.
In essence, Wallace is a loose cannon, a volatile bully without upside. He'd be too much of a headache for a veteran team not needing any distractions.
One of his patented technical fouls could come at a less than opportune time. He, in theory, could gift the opposition points during crunch time of a playoff game.
That isn't something Kobe Bryant nor the rest of the roster wants.