Source: Iverson meets with Grizz, but does not sign deal

Free agent Allen Iverson met with Memphis Grizzlies officials on Monday in Atlanta, but has not yet agreed to accept the team's one-year, $3.5 million offer after speaking with owner Michael Heisley, general manager Chris Wallace and coach Lionel Hollins, according to a league source.

Iverson and the Grizzlies have been dancing around each other for a few weeks, and it still appears likely that the 34-year-old guard will wind up there after trying all summer to find a new home. Memphis can give him the playing time he craves, and he can help generate interest in a young, rebuilding team that has increased its talent dramatically this offseason and could benefit from Iverson's veteran leadership -- as well as his ability draw fans to FedEx Forum.

"Our meeting went well," Wallace said via text message Monday evening, "and now we will see what comes next."

Iverson has been working out in Atlanta this summer with former 76ers teammate and current NBA TV analyst Eric Snow after he and the Detroit PIstons agreed to part company just before the Playoffs. Iverson said he had a back injury that wasn't getting better, but that coincided with his expressed displeasure at coming off the Pistons' bench behind starter Richard Hamilton.

Detroit had no interest in re-signing Iverson, and got far enough under the cap after renouncing his rights to be able to sign free agents Ben Gordon and Charlie Villanueva.

Miami and Charlotte have also looked at Iverson, but the Heat seem to have gone in another direction. Charlotte's interest may be stunted both by negotiations by owner Bob Johnson to sell his controlling interest in the team (a new owner certainly would not want to accept a hefty pricetag for a player like Iverson) and the team's ongoing discussions with restricted free agent guard Raymond Felton. Felton and the Bobcats are far apart on a new contract, and the team can't go forward on Iverson until it knows one way or another what will happen with Felton.