
The Memphies Grizzlies announced Monday that the team has ended its one year contract with the 10 time All Star and former 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.
"Because of personal matters that forced him to leave the team on November 7, Allen will step away 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 allow both parties to move forward. We wish Allen the best."
Memphis owner Michael Heisley said he would be happy to trade Iverson to another team if a better deal came along.
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