Grizzlies officially waive Iverson

MEMPHIS, Tenn. (AP) - The Memphis Grizzlies officially have ended their relationship with Allen Iverson by waiving the 10-time All-Star.

The Grizzlies announced Monday they had mutually agreed to end a one-year contract with the former league MVP.

But the team did not waive Iverson until late Tuesday afternoon.

Iverson began an indefinite leave of absence on Nov. 7 to deal with a personal issue. The 34-year-old guard played only three games with Memphis, all in California. He averaged 12.3 points and 22.3 minutes coming off the bench in each.

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Author: Fox Sports

Author's Website: http://www.foxsports.com

Added: November 17, 2009