On Saturday, veteran guard Marcus Smart agreed to a buyout of his contract with the Washington Wizards that would've paid him $21.6 million this coming season. He quickly agreed to join the Los Angeles Lakers on a two-year, $11 million contract once he clears waivers and once the Lakers clear enough space under the first apron of the salary cap.

NBA veteran Marcus Smart agreed to a contract buyout with the Washington Wizards and plans to sign a two-year, $11 million deal with the Los Angeles Lakers after clearing waivers, according to ESPN.

Smart is planning to sign a two-year, $11 million deal with the Lakers after clearing waivers following his buyout, Charania reported on Saturday.