Theres rumors going around that Wallace is looking to sign with Detroit for the veteran minimum (http://www.realgm.com/src_wiretap_archives/60774/20090724/rumors_of_big_bens_return_to_detroit_grow/)...
It wouldn't be a bad idea for LA to take a look at Wallace for the vet. min if they even looked at Sean May and Shelden Williams.
Wallace isn't the same Big Ben from 2004 but he can still be a servicable post defender and rebounder. If Phil could make Kwame servicable at center, I think he can work magic with Wallace as well.
Imagine a defensive lineup when we need big stops of
Wallace
Gasol
Artest
Kobe
Brown

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without ELBOW....