Knicks president Donnie Walsh apparently came away from a meeting with Allen Iverson's agent a few weeks ago impressed with what he heard. Iverson would be willing to accept a one-year deal for the mid-level exception. "The Answer" is probably hoping he could put up some good numbers and get one last good contract in the open market in 2010.
The Knicks are also interested in restricted free agent point guard Ramon Sessions of the Bucks and, according to sources, Milwaukee would let him go so they'll have enough money to sign Hakim Warrick, formerly of the Grizzlies. The problem with that is Sessions wants a multiyear deal. While he is much younger than Iverson, that would interfere with the infamous "Summer of 2010" plan the Knicks have been working on for the last year.
While the signing of AI could be a huge disaster, I'm curious to see how he would do in Mike D'Antoni's fast-paced, shoot quickly offense. The system works better with a point guard that likes to actually pass the ball once in a while, but Iverson would probably be used more in the shooting guard role.
If Iverson and Larry Hughes are on the court at the same time, no one else may ever touch the ball.