The New York Knicks are looking to get rid of Metta World Peace and Beno Udrih by buying out the remainder of their contracts.
Mike Woodson has said the Eastern Conference are looking to move into a new direction so are willing to let the duo move on.
Both World Peace and Udrih flew home from Atlanta before the New York Knicks' 107-98 defeat against the Atlanta Hawks on Saturday.
Woodson has said they are looking to shift the two aforementioned players in order to sign either a free agent or a player from the Development League.
World Peace took to social networking website Twitter to confirm the news that he was on the verge of leaving Madison Square Garden.
He wrote: “Thank NYC for everything. Thanks for having me. I will always be grateful… My agent is working on a buyout. No disrespect to the city. Luv U."
World Peace's teammate Carmelo Anthony admitted he was surprised by news of his decision to leave the Eastern Conference franchise.
“It surprised me," said Anthony. "Metta said he was in a good place [on Friday].
"He was happy. He played. He was a different Metta. I was surprised to wake up to hear he wanted a buyout."
D-League star Ike Diogu could fill one of the two vacant spots as he has previously impressed Woodson at a training camp.