Allen Iverson's tenure with the Grizzlies is now over. Iverson signed with a one-year contract with Memphis that paid him just over $3 million, but he will receive only a small fraction of that amount.

“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," said general manager Chris Wallace 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.”

Iverson averaged 12.3 points per game in his three appearances with the Grizzlies.

Via RealGM Staff Report

Memphis Grizzlies

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