Iverson's contract guaranteed by Sixers

The Sixers have guaranteed Allen Iverson's contract for the remainder of the year. (AP Photo/Steve Yeater)

Allen Iverson's contract with the 76ers will be guaranteed for the rest of the season, team president and general manager Ed Stefanski said today.

Iverson signed a pro-rated non-guaranteed contract worth $1.3 million.

All NBA contracts become fully guaranteed if the player is on the team roster on Jan. 10. Iverson originally signed as a free agent with the Sixers on Dec. 3.
"Since his arrival, Allen has done everything asked of him and has been an excellent teammate," Stefanski said. 

In nine games, Iverson is averaging 15.7 points and 4.7 assists in more than 33 minutes per game.

"I'm happy for Allen,'' said Leon Rose, Iverson's agent. ''It's been a win-win situation for everybody. I believe Allen has a lot of good basketball left in him.''

The Sixers, going in to tonight's game against Washington, are 6-18 without Iverson, 4-5 with him.

''I was confident this was going to work out,'' Rose said. ''But I don't think anyone could have asked for any more.''