Allen Iverson will be Waived

Memphis G Allen Iverson will be waived by the Grizzlies on Monday after the two sides have agreed to terminate his contract. Iverson is expected to be placed on waivers by 6 p.m. ET Monday, a league source said. Iverson will only get a fraction of the $3 million he was scheduled to earn and will become an unrestricted free agent on Wednesday night if he clears waivers. There is no chance that a team would be wiling to claim Iverson off waivers, however Knicks president Donnie Walsh confirmed that the team will look into the possibility of signing Allen Iverson, who was waived by the Grizzlies on Monday.

“Right now I’d say probably not, but we’ll see,” said Walsh. This might be a perfect meeting of desperate parties — Iverson needs to prove he deserves to start and the Knicks need to improve their franchise-worst 1-10 record. If A.I. comes to New York it could be bad news for the playing time of Nate Robinson, Toney Douglas, Larry Hughes and Chris Duhon.

Elsewhere around the NBA:

Charlotte: In his Bobcat debut on Monday, Stephen Jackson had 13 points on 4-of-14 shooting, one 3-pointer, nine rebounds, two assists, two steals and four turnovers. He played 45 minutes. Even though he just arrived in Charlotte Bobcat, Jackson appears to be the best the team has on offense.

Charlotte: Bobcats G Flip Murray matched his career-high with 31 points against the Magic on Monday, making 13-of-21 field goals. The streaky reserve guard added two 3-pointers and two steals in 34 minutes of action. His success limited Raymond Felton to 22 minutes, a scenario we don’t see repeated on a nightly basis, but he’s worth a speculative pickup.

Los Angelas: Lakers forward Luke Walton has a pinched nerve in his back and will be out at least six weeks. Walton was a glue-guy in the Lakers’ lineup, and without him the Los Angelas Lakers need to ask more from Shannon Brown, Sasha Vujacic, Adam Morrison, and Josh Powell.

Los Angelas: Lakers F/C Pau Gasol was limited in in Monday’s practice, but is now targeting a return to action on Thursday against the Bulls. He participated in both half and full-court scrimmages, on a limited basis, and said he felt good afterward. By no means is he a guarantee to play this week, but it does sound like there’s a chance

Milwaukee: Bucs G Michael Redd (strained knee) might be able to practice on Tuesday, but coach Scott Skiles isn’t convinced he’ll play on Wednesday or Friday. “He’s been out long enough now that we need to get him in some contact,” Skiles said. “It’s hard to do right now, because now all of a sudden we’ve got a lot of games in a lot of days.” It’s not surprising that the Milwaukee Bucks are taking it slow with their injured star, but at least he hasn’t had any setbacks