Metta World Peace is averaging just 13.4 minutes and 4.8 points per game for the Knicks.
Layne Murdoch/Getty Images

NEW YORK -- A person with knowledge of the details says the New York Knicks are in serious discussions with Metta World Peace and Beno Udrih about buying out their contracts.

World Peace wrote on his Twitter account earlier Saturday that his agent was working on a buyout and thanked fans and the city. The Knicks were also trying to finalize one with Udrih, the person told The Associated Press on condition of anonymity because the moves weren't official.

Neither veteran has earned a place in coach Mike Woodson's rotation in his first season in New York. Udrih has appeared in just 31 games, while World Peace, who had a procedure on his knee in January, has played in just 29.

Copyright 2014 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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