Chris Sheridan reports on ESPN.com

Allen Iverson twittered again Wednesday, saying the Grizzlies have made him an offer -- and Memphis says it's true.

Grizzlies general manager Chris Wallace told ESPN.com Wednesday night that negotiations between the sides have heated up to the point where the Grizzlies have made their first formal offer.

"We're heading into the home stretch before the season, and we have had interest in Allen all summer," Wallace said. "We've been in touch on a fairly consistent basis and had dialogue with his agent, Leon Rose, since the beginning of free agency."

Note: I added this to the front page from the FanPosts.  When you see news like this, please feel free to add a FanPost or FanShot to give us all a heads up.  Thanks. - Jeff