Allen Iverson hasn't played in the NBA since 2010.
But with an overseas stint and a few failed attempts to draw interest from NBA teams, he will officially announce his retirement this week, according to SLAM.
With basketball behind him, Iverson, the source says, hopes to place all of his energy on his business holdings and children.
“He loves his fans more than anyone,” says the source. “He loves how they ask for his return constantly, on the streets and on the internet. But now that they know it's not happening, he can just focus on his future endeavors.”
Iverson, 38, last played professionally in Turkey in 2011.
Iverson's career should absolutely end with a Hall of Fame induction, as the 11-time All-Star finished with career averages of 26.7 points, 6.2 assists and 2.2 steals. Iverson played in 71 career postseason games, appeared in the NBA Finals once, and won MVP in 2001.
Standing just six feet tall, Iverson was known for his incredible passion and competitive spirit, always driving hard at the rim and absorbing contact from bigger players. He rarely missed games because of injury, often playing through a number of nagging health issues.
Iverson also will forever be remembered for the style he played with. Flashing one of the great crossovers in NBA history, Iverson handled the ball with a certain flair and was an underrated passer.
Selected No. 1 overall by the 76ers in 1996 out of Georgetown, Iverson also played for the Nuggets, Grizzlies and Pistons during his 13-year career.