Allen Iverson is rejoining the Philadelphia 76ers.
Sixers president Ed Stefanski announced the signing Wednesday on the team's Web site. Iverson is expected to make his debut Monday at home against the Denver Nuggets.
"In light of the recent injury to Lou Williams, which will sideline him for close to eight weeks, we felt that Allen was the best available free agent guard to help us at this time," Stefanski said in a release.
Williams, who averaged 17.4 points and 5.1 assists, broke his jaw in Philadelphia's loss to Washington on Nov. 24.
Iverson, his agent and business manager met with Stefanski, coach Eddie Jordan and two other members of the organization Monday.
The 34-year-old Iverson announced his retirement last week after an ill-fated stint with the Memphis Grizzlies. The 10-time All-Star was NBA MVP in 2001 when he led the Sixers to the NBA finals.
Iverson was offered a one-year, non-guaranteed contract on Tuesday, according to a person who spoke to The Associated Press on condition of anonymity because the contract talks had not been made public.
The Sixers would owe just under $650,000 if they guarantee his contract for the remainder of the season on Jan. 10. Stefanski plans to talk about Iverson's return in a noon teleconference.
In 10 seasons with the Sixers, Iverson posted the highest scoring average in team history (28.1), was second on the points list (19,583) and holds the record for 3-pointers (877). He was a seven-time All-Star, won four scoring titles and two All-Star game MVPs.
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