The 7-foot centre has played across Europe and Israel for the majority of his career, and is coming off a stint with Zenit Saint Petersburg, a Russian team that plays in the EuroLeague.
Iverson will join Lamar Patterson as the second import on Dam Shamir's Breakers side; one that also added local point guard, Tai Webster, to pair with his brother, Corey.
The 53rd pick in the 2013 NBA Draft, Iverson played Summer League basketball with the Bsoton Celtics, before carving out a respectable career across Europe. The 31-year-old will add a physical presence and pick-and-roll option to an experienced Breakers team.
With the signing of Iverson, the Breakers will have just one spot remaining; the big-man joins the Webster brothers, Jarrad Weeks, Tom Abercrombie, Finn Delany, Daniel Trist, and Rob Loe on New Zealand's roster.
The Breakers also have an intriguing group of Development Players, which Taine Murray, Kyrin Galloway, and Terry Li signed for the upcoming season, which is now slated to begin in either late-January or early-February, sources said.