Allen Iverson has cleared waivers and New York is appearing more and more like his eventual landing spot.

A source close to the team told the New York Times that the percent chance Iverson will sign with the Knicks is in "the high 90s" and a deal could be signed as early as Friday.

Iverson was waived by the Grizzlies on Tuesday after just three games with the team. The Knicks are just 2-9 this season.