A source close to Washington Wizards restricted free agent Jared Jeffries said yesterday that the 6-foot-11 forward is preparing to play for the New York Knicks next season. Jeffries, 24, should find out today whether the Wizards will match the five-year, $30 million offer sheet he signed with the Knicks or let him leave.

Wizards President of Basketball Operations Ernie Grunfeld is expected to make the official announcement during a press conference this morning at Verizon Center. Grunfeld has been silent on Jeffries since receiving the offer sheet last Monday, but it appears unlikely that Jeffries will remain in Washington, where he has averaged 6.1 points, 4.8 rebounds and 1.6 assists in four seasons.