Metta World Peace has agreed two-year contract with the New Yorks Knicks on Monday night, according to ESPN.

The report claims World Peace waivers were cleared after the Los Angeles Lakers used the amnesty provision late last week, making him a free agent in the process.

New York were reportedly among a number of franchises interested in taking on the 33-year-old small forward, but it now appears as though the Knicks have won the race.

World Peace’s first year is guaranteed and there is a player option for a second year on a contract that is reportedly worth in the region of $1.6million dollars.

The Lakers were due to pay him $7.7million if he continued into the final season of his deal, but were understandably unconvinced about paying such a large sum to a veteran coming off of a knee injury.

World Peace last weekend suggested he was considering a switch to China and another ESPN report claimed he had explored the option of joining the Shanghai Sharks, owned by former NBA star Yao Ming.

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