Metta World Peace, known to some by his birth name of Ron Artest, has agreed to a two year contract with the New York Knicks, according to a report from Yahoo! sports' Adrian Wojnarowski.

The two-year deal is worth $3.7 million, with the second-year including a player option. However, World Peace will be making much more than that, as the Los Angeles Lakers must pay him $7.7 million for the upcoming season. World Peace was amnestied by Los Angeles last week, but his salary was guaranteed. The $7.7 million will not count against the Lakers' salary cap.

Metta World Peace went unclaimed in the amnesty waiver process after stating he did not want to be picked up by any NBA franchise. Early reports suggested he wanted to play for the Knicks. Now he will.

World Peace is from the Queensbridge section of New York. He played his college ball at St. John's University. At 33 years old, he is a one-time All-Star, and one-time defensive player of the year, both honors occurring in 2004. The Knicks will mark the 6th team he has played for in the last 5 seasons.