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updated 8:28 p.m. ET Aug. 25, 2006

RICHMOND, Va. - The Answer’s mom has her own team.

Allen Iverson’s mother, Ann, will be the majority owner on a new American Basketball Association franchise that will play in Richmond next season.

Iverson, the Philadelphia 76ers star and 2001 NBA MVP, starred at Bethel High School in Hampton.

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The new ABA team, known as the Warriors, will be coached by former Virginia Tech player Michael Davis, who will also serve at director of player personnel.

ABA teams play a 36-game schedule.

A franchise costs $20,000, but needs about $400,000 for operating costs, minority owner and general manager George Christopher said. Each team has a roster of 10-12 players and a $160,000 salary cap.

Richmond had an ABA team last season, the Generals, but it didn’t succeed.

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“We’re starting from scratch,” Christopher said in a telephone interview.

The league has seen many teams come and go since it started in 2000.

“Richmond is a great basketball city and will be a great ABA city. We are pleased to be back there,” ABA CEO Joe Newman said in a release from the league. “We have a tremendous ownership group, very knowledgeable and experienced and we know that they will do a terrific job.”