The New York Knicks and forward Metta World Peace have agreed on a two-year contract.
Financial terms were not disclosed, but the pact is reported to be worth $3.2 million, with the second year of the deal being a player option.
World Peace confirmed the signing Monday when he showed up at the Knicks' Summer League game in Las Vegas against the Charlotte Bobcats.
"It was simple for me," World Peace told MSG Network during the first quarter of the contest. "No need to look at the contract. What's the number, a dollar? Just give me the paper where I have to sign at...give the rest to charity. Let's go."
The 33-year-old veteran averaged 12.4 points, 5.0 rebounds and 1.5 assists in 75 games, including 66 starts, with the Lakers last season before being amnestied on July 11. He went unclaimed in the amnesty waiver process and became a free agent on Sunday.
World Peace was slowed by injuries last year and underwent left knee surgery on March 28 that was expected to end his campaign, but he missed just six games before returning to the lineup.
The New York native has appeared in 902 games with 832 starts over 14 seasons since being drafted 16th overall by the Bulls in 1999 out of St. John's University in Queensbridge, New York.
The Defensive Player of the Year in 2003-04, World Peace has posted career averages of 14.1 points, 4.7 rebounds, 2.9 assists and 1.8 steals with Chicago, Indiana, Sacramento, Houston and the Lakers.