According to Howard Beck of the New York Times, the Knicks have "dropped their pursuit" of Allen Iverson.

"Although team officials were highly intrigued by Iverson, a four-time scoring champion, they finally decided that he posed too great a risk because of his long history of problems on and off the court," Beck writes.

For the time being, Chris Duhon is still the Knicks' point guard, with Toney Douglas provided some relief here and there.

Yesterday it was reported Miami was "hot" after Iverson, and there still might be a chance the Bobcats, with Larry Brown at the helm, could take a chance on Iverson.

But his best chance at returning to the NBA appears to have walked out the door.

If the Knicks make no trades for a point guard this season, the draft might bring them Kentucky's John Wall, as their current 2-9 record gives them a shot at a high lottery pick. So a scoring point guard could still be in their future.

I copied and pasted this from an insider article.  Did you see that the Knicks aren't going to sign Allen Iverson?  But funnier still, did you see how the author of this article thinks that the Knicks still have their pick for 2010.  A cbssports.com columnist made the same mistake yesterday.  It is really sad for Knicks fans.