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Allen Iverson Released By Grizzlies

November 17, 2009 By: Katchop Category: NBA

Allen Iverson was cut loose by the Memphis Grizzlies, and may wind up on the New York Knicks.

The Memphis Grizzlies said byeverson to Allen Iverson (katchop)

The Memphis Grizzlies said byeverson to Allen Iverson (katchop)

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,” general manager Chris Wallace said in a statement. “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.”

The Grizzlies will waive Iverson but the team had not done that as of Monday night. As soon as he clears waivers Wednesday, he will become a free agent and the New York Knicks will explore signing him, according to the New York Daily News.

Memphis announced Monday that the team has ended its one-year contract with the 10-time All-Star and former league MVP in what it called a mutual agreement. Iverson began an indefinite leave of absence on Nov. 7 to deal with a personal issue after playing only three games with the Grizzlies, all in California.

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