Michael John "Red" Wallace (July 12, 1918 – July 7, 1977) was an American professional basketball player.

[1] He played for the Boston Celtics during the 1946–47 Basketball Association of America season, the first in the league's existence, before he was traded to the Toronto Huskies for Charlie Hoefer.

[1] He also played for various teams in the American Basketball League prior to his stint in the BAA.

[2] In his post-playing career, Wallace coached teams in the Eastern Professional Basketball League, winning the league championship in 1958–59 with the Wilkes-Barre Barons.

[2] He also coached the Elk Lake (Pa.) High School boys' basketball team and won two state championships.