Team president Milton Nunez tells The Associated Press that Iverson will play for Pueblo Nuevo. He declined to say how much Iverson will be paid.
Nunez said Thursday the 36-year-old guard is to arrive Sunday and play that same day against GUG in Santiago province. Iverson's new team is in second place.
Iverson left the NBA in 2010 and spent part of that year playing in Turkey. He was the NBA's MVP in 2001, when he led the Philadelphia 76ers to the NBA finals. In 14 seasons in the NBA, he averaged 26.7 points.