8:39pm: Agent Marc Cornstein told Marc Berman of the New York Post (via Twitter) that he will meet with his client tonight to go over all of his options. Cornstein said that a meeting with the Knicks is possible, indicating that nothing is a done deal yet with the enigmatic forward.

7:16pm: Metta World Peace said that he is going to play in China next season in a text to Adam Zagoria of SNY.tv (via Twitter). Peace's desire to play in China was reported shortly after he was amnestied by the Lakers,

A source close to the forward told Chris Broussard of ESPN.com earlier today that World Peace's top preference was to join up with the Knicks with the Clippers as a distant second and China third on his wishlist. It now appears that Peace got a tremendous offer to play overseas or was throwing some misdirection to the media in advance of his decision.

World Peace was set to make $7.73MM in 2013/14 and carrying his salary on the books for 2013/14 would have carried major luxury tax implications. The veteran is, of course, known for his tenacious defense, but his play has declined considerably in Los Angeles in recent years. Last season, World Peace averaged 12.4 PPG with 5.0 RPG in 33.7 minutes per contest.