NBA commissioner David Stern says that the Grizzlies are very lucky to have signed Allen Iverson.

"I think they got lucky," Stern told the Memphis Commercial Appeal. "A bona-fide star and future Hall of Famer who still has lots of game left is going to prove to be a significant and helpful addition to the Grizzlies."

Stern believes that Iverson's experience will be a key factor in jump-starting the team's rebuilding plan.

"Given the way the team is constructed -- with it being a young team -- this is a chance for them to get better and get veteran leadership. It'll be very good for the team and good for the community," Stern added.