Iverson, who was sent home prior to Friday's loss to Washington, will be traded from the Sixers, said team Chairman Ed Snider. Iverson's 31.2 points per game were second-best in the NBA entering Saturday's play.
Chris Webber had 19 points, 11 rebounds and eight assists for the 76ers, who have lost seven straight and 11 of their last 12 games. Andre Iguodala also had 19 points and Kyle Korver added 16 for Philadelphia.
Orlando won despite missing all nine of its three-point attempts.