Metta World Peace will sign a $1.43 million contract on Thursday night with Sichuan of the Chinese Basketball Association, making him the league’s highest paid import player this season, sources told RealGM.

World Peace’s deal will be for one season, and he’ll search for a contract in the NBA once the Chinese season ends, sources said.

World Peace, 34, will be the most decorated NBA talent in China next season – a one-time champion, All-Star and Defensive Player of the Year in 15 mostly productive seasons. He had received a level of NBA interest before the overseas deal.

World Peace, formerly known as Ron Artest, had immense individual and team success in stops with the Indiana Pacers (2002-06) and Los Angeles Lakers (2009-13). He played in the Eastern Conference Finals in 2004, and the 6-foot-7 forward won an NBA title with the Lakers in 2010 when he filled the void of Trevor Ariza and made impact shots and defensive stands alongside Kobe Bryant.

After being released by the Lakers under the amnesty provision last summer, World Peace signed with the New York Knicks and averaged 4.8 points in 29 games in one year with his home team. World Peace went to high school in New York and played two collegiate seasons at St. John’s University.

World Peace averaged 13.8 points, 4.7 rebounds and 2.8 assists over his NBA career with six different teams. He was the 19th overall draft selection of the Chicago Bulls in 1999.

Byron Mullens has signed a contract with Shanxi Zhongyu in China.

Mullens is the third foreign player to round out Shanxi's roster.

Mullens signed with the Los Angeles Clippers last offseason and was dealt to the Philadelphia 76ers before the NBA trade deadline.

Metta World Peace is nearing agreement to sign with the Sichuan Blue Whales of the Chinese Basketball Association.

World Peace was waived by the New York Knicks in February and there's been some suggestions that he would receive a camp invite from the Knicks due to his relationship with Phil Jackson.

Emmanuel Mudiay has agreed upon a $1.2 million deal with Guangdong of the China Basketball Association.

Mudiay committed to SMU, but concerns of his eligibilty became an issue this month.

Mudiay is expected to be a top lottery pick in the 2015 NBA Draft.

Sportando first reported news of the agreement.

Jan Vesely is close to signing with Fenerbahce Ulker.

Vesely was the sixth overall pick in the 2011 NBA Draft by the Washington Wizards and was traded last season to the Denver Nuggets.

Vesely has played in just 2,455 minutes over three NBA seasons.

Joey Dorsey and the Houston Rockets have agreed upon a two-year, $2 million deal.

Dorsey will play as a backup at center to Dwight Howard.

Dorsey played for Barcelona this past season.

Dorsey was a second round pick by the Rockets in 2008.

Nikola Mirotic has announced that he will sign with the Chicago Bulls this offseason.

Adrian Wojnarowski reported that it will be a three-year deal worth more than $17 million.

Mirotic was the 23rd overall pick of the 2011 NBA Draft and has been with Real Madrid since 2008.

The Brooklyn Nets are working on signing Bojan Bogdanovic, who was drafted in 2011 by the club.

The Nets are attempting to use the taxpayer's midlevel to sign Bogdanovic, according to reports.

The Nets were close to signing Bogdanovic last offseason, but talks collapsed in negotiating his $2 million buyout with Fenerbahçe Ülker.

Nikola Mirotic has secured a $3 million buyout with Real Madrid in order to come to the Chicago Bulls, reports HoopsHype.

Mirotic was the 23rd overall pick in the 2011 NBA Draft and has since developed into one of Europe's best forwards.

Because he was drafted three years ago, Mirotic is not subject to the rookie salary-cap scale, and the Bulls likely will need to use some of their cap space to contribute to his buyout and sign him to a long-term contract.

The Bulls can pay up to $600,000 toward Mirotic's buyout, but anything over that amount would be considered a signing bonus and be charged to the Bulls' cap. 

Shams Charania of RealGM reports that the two sides believe they don't have significant ground to cover, but no deal is imminent.

The Bulls' decision to move forward with Mirotic at this point signals that they will be moving on without Carlos Boozer next season. Boozer can either be amnestied or traded.

The Indiana Pacers have agreed upon a three-year deal with Damjan Rudez.

Rudez will receive a portion of the Pacers' mid-level exception.

Rudez, who is 6-foot-10, plays the coveted NBA stretch-four position.

Rudez's production for Zaragoza of the Spanish ACB has helped develop a growing level of value for him in the NBA. He shot 44 percent on three-pointers in the ACB season and 52 percent (28-for-54) in the 16-game Euro Cup.