According to the Los Angeles County District Attorney's Office, the 49-year-old Knight is being held without bail and his arraignment is scheduled for Tuesday.
Originally, Knight's bail had been set at $2.2 million, but bail was later revoked due to Knight being a "possible flight risk, three-strike candidate, possible witness intimidation issues and his criminal past," a rep for the L.A. County Sheriff's Department told the Los Angeles Times.
Knight allegedly ran over two men with his truck. Terry Carter, 55, died of his injuries after being rushed to the hospital and 51-year-old actor Cle "Bone" Sloan was also struck, but did not suffer life-threatening injuries.
In addition to the murder charge, Knight is also being charged with attempted murder, two counts of hit-and-run, and the allegation that he committed a violent felony while out on bail and awaiting trial on a separate case.
Prior to the Jan. 28 incident, Knight had been out on bail after being charged with robbery after taking a camera from a paparazzo in September 2014.