Summary from LG:
Lakers were close, very close, to signing Allen Iverson before the season even started back in December 2011.
It was agreed upon with Lakers and Iverson's people that AI was going to be a Laker. But before they signed, the Lakers decided to ask Iverson if he was willing to play for the Defenders (D-League) first before coming over, which Iverson's people said was a deal breaker and the deal fell apart.
Now, Iverson's people and the Lakers are talking again, and Iverson is now willing to try out the D-League so he could sign with the Lakers.