12:35pm: Guaros de Lara GM Tomas Morris says that Iverson has declined the offer from the club, though the door remains open to a deal happening, tweets Francisco Vega of Latinbasket.com. Sources tell Vega (via Twitter) that Guaros de Lara's offer was worth twice as much as the offer from Puerto Rico.
11:13am: Venezuelan club Guaros de Lara reached agreement on a deal with guard Allen Iverson, Venezuelan sources tell Sportando. The pact will likely be announced at some point today.
Iverson was said to be deciding between the offer from Guaros de Lara and Puerto Rico's Indios de Mayaguez. The eleven-time All-Star also had conversations with the Lakers but the deal would have required the 36-year-old to spend time in the D-League.
He should go back to the NBA.