Iverson: Goal is to win in signing with Memphis

MEMPHIS, Tenn. (AP) - Allen Iverson says he has one goal in signing with the Memphis Grizzlies. He wants to win.

The Grizzlies announced they had signed the former NBA MVP and 10-time All Star on Thursday morning minutes before Iverson was introduced at a news conference.

The 13-year veteran was welcomed with a standing ovation in an atmosphere that felt like a pep rally in the lobby of the FedExForum.

General manager Chris Wallace calls Iverson 1 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.

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