Allen Iverson is playing a waiting game with his limited suitors as the Memphis Grizzlies wait in hope of the 13-year veteran signing with them.

Yet another week has passed without much of a hint whether Iverson would sign a one-year deal to play for the Grizzlies in the upcoming season.

Memphis expected the first overall pick in the 1996 NBA Draft to have decided his future before the weekend. But the free agent apparently requires more time to consider his options even though the Griz have courted him since early July.

Memphis offered Iverson at least $3.5 million or what it has remaining under the salary cap. The Grizzlies could increase the offer to about $4.4 million should it renounce its rights to Spanish guard Juan Carlos Navarro. The deal still is less than the $5 million Memphis originally considered paying Iverson to play a reserve role.

Iverson is a free agent for the first time in his 13-year career, and has struggled to find serious suitors. The Griz believe the odds are 50-50 that they will add Iverson.

Memphis Grizzlies general manager Chris Wallace told The Commercial Appeal on Thursday that it's understandable why Iverson would carefully consider his options.

"He's in new territory. He's never been a free agent," Wallace said. "He's never been a free agent this late in the offseason. I'm sure he's trying to turn over as many scenarios as he can until he has to commit."