The Memphis Grizzlies have signed former NBA MVP and 10-time All-Star Allen Iverson.
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The Grizzlies announced the signing Thursday morning minutes before a news conference introducing the veteran free agent in the lobby of the FedExForum.
General manager Chris Wallace calls Iverson one of the NBA's all-time great guards. He says it's a great day for the team, the Grizzlies' loyal fans and the city of Memphis.
Iverson announced he was heading to Memphis on Wednesday with a statement on his Twitter account.
The move adds the 13-year veteran to a team that has been in a rebuilding mode the past couple seasons.
Oddsmakers from online sports book SBGGLOBAL.com has made the Grizzlies 200/1 to win the 2010 NBA Finals.
Posted: 9/10/09 10:10PM ET