Grizzlies to waive Allen Iverson

The Memphis Grizzlies today released the following statement from General Manager and Vice President of Basketball Operations Chris Wallace.

“The Grizzlies and Allen Iverson have come to a mutual agreement that because of personal matters that forced him to leave the team on November 7, Allen will step away from the game at this time, allowing him to focus on those matters.

“As a result, we will be ending our contractual agreement with Allen, which will allow both parties to move forward. We wish Allen the best.”

EARLIER MONDAY:

The Memphis Grizzlies experiment with disgruntled guard Allen Iverson will reportedly end.

According to Ronald Tillery of the Memphis Commercial Appeal, the two sides have agreed to part ways. The team will waive Iverson.

It has not been reported what the terms of the agreement are and how much money Iverson will come away with.

Iverson has been unhappy coming off the Grizzlies bench, behind young guards Mike Conley and O.J. Mayo. Though, he was still regaining health as the season began, and it’s possible he might have gained a starting spot in the near future. But even coming off the bench early on was simply more than he could take.

Iverson only played three games — all losses — for the Grizzlies this season, the last being against the Sacramento Kings on November 2. He came off the bench all three times, and averaged 12.3 points and 3.7 assists in 22.3 minutes per game.

NOVEMBER 17 UPDATE

The Memphis Grizzlies waived guard Allen Iverson, the team announced today.

The 6-0, 165-pound guard averaged 12.3 points and 3.7 assists in 22.3 minutes in three games with the Grizzlies this season after signing as a free agent on Sept 10, 2009.  The 2000-01 NBA Most Valuable Player and 10-time All-Star became the 16th player in league history to score 24,000 career points on Nov. 4 at Golden State, netting a season-high 18 points.

The 34-year-old holds career averages of 27.0 points, 3.7 rebounds, 6.2 assists and 2.21 steals on 42.5 percent shooting in 41.4 minutes in 889 games (877 starts) over 14 seasons (1996-09) with the Philadelphia 76ers, Denver Nuggets, Detroit Pistons and Memphis Grizzlies.

The roster now stands at 14 players.

The Grizzlies will seek their second consecutive victory tomorrow when they host the Los Angeles Clippers at 7 p.m. on Wednesday, Nov. 18 at FedExForum.

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