The New York Knicks are in discussions to cut ties with forward Metta World Peace.

World Peace wrote on Twitter that his agent and the Knicks are working on a buyout.

My agent just informed me this release could happen any hr now. I just want to say "Thanks for everything" - Metta World Peace (@MettaWorldPeace) February 22, 2014

League sources confirmed to ESPN New York that the team is in discussions with World Peace's representatives to work on a buyout or outright release.

Shortly before the Knicks' Saturday night game in Atlanta against the Hawks, coach Mike Woodson said the team is preparing to part ways with World Peace and that New York also is in talks with Beno Udrih's representatives to work on a release or buyout for the pointguard. Neither played in Atlanta.

"It was something that was discussed [among team officials], and they decided to pull the trigger on it," Woodson said. "Again, it's not complete yet I don't think. I'll know more, probably, after the game. They won't be in uniform tonight."

The absence of World Peace and Udrih left the Knicks with 10 players. Iman Shumpert (sprained left knee), Andrea Bargnani (left elbow) and Kenyon Martin (sprained left ankle) remain out with injuries.

World Peace, a Queens native, signed a two-year deal worth approximately $1.6 million per season, with a player option in the second year, over the summer.

If the Knicks release World Peace, he will be free to join another team but will lose the player option.

The 14-year veteran expressed gratitude to Knicks fans on