The 34-year-old free agent tweeted earlier that "God Chose Memphis as the place that I will continue my career."

Grizzlies general manager Chris Wallace said in a statement that Memphis had agreed in principle to a contract with Iverson, and the team scheduled a news conference for today.

Iverson's agent, Leon Rose, did not respond to messages to his cell phone and office, or to e-mail from the Associated Press.

Iverson also said he met with Grizzlies owner Michael Heisley, general manager Chris Wallace, and coach Lionel Hollins.

"I feel that they are committed to developing a winner, and I know that I can help them to accomplish that. I feel that I can trust them," Iverson added on his Twitter account.

Iverson would become the highest-profile player ever to put on a Grizzlies uniform. He was the first overall draft pick in 1996 and the league MVP in 2001.

Heisley wants Iverson to provide a big-name attraction for a team that struggled to attract fans to the plush FedExForum to watch a young team rebuilding through the draft. The Grizzlies finished 29th among 30 teams in scoring, averaging 93.8 points per game.

Iverson averaged 27.1 points per game through his 13 NBA seasons, but his production dropped to 17.4 ppg. in his 54 games after being traded by Denver to Detroit during last season.

Hornets-Wolves trade. New Orleans agreed to trade reserve point guard Antonio Daniels and a 2014 second-round draft pick to Minnesota for forward Darius Songaila and guard Bobby Brown.

Warriors. Golden State re-signed restricted-free-agent guard C.J. Watson, who averaged 9.5 points and 2.7 assists per game in 77 games last season.