Source: 76ers awaiting Iverson's answer on offer

By Kate Fagan

OKLAHOMA CITY – Fittingly, the ball is in Allen Iverson’s hands.

Yesterday, according to a source close to the negotiations, the 76ers offered Iverson a non-guaranteed contract for this season.

The deal is on the table; only he has the answer.

According to that same source, the Sixers are awaiting a response from Iverson’s agent, Leon Rose, and expect that answer today.

Yesterday in Philadelphia, Sixers general manager Ed Stefanski met with Rose, formally laying out the offer: a prorated amount of the $1.3 minimum veteran’s minimum, roughly $600,000 to $650,000, which would become guaranteed for the remainder of the season if Iverson remained on the roster Jan. 10.

Before then, the Sixers could cut Iverson, who played 10-plus seasons for the organization before being traded to the Denver Nuggets in 2006, without financial ramifications.

Offering a non-guaranteed contract is not entirely about money, the source said. It’s also about gauging Iverson’s desire and adaptability.

If Iverson’s camp rejects the offer, according to this source, there is no other offer forthcoming: It’s non-guaranteed or nothing.

Explained the source: "This would be something he would have to acquiesce to, and maybe show some good faith. You could say he’s at a desperate point in his basketball life."

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