Once he clears waivers, Smart is expected to sign with the Los Angeles Lakers on a two-year, $10.5 million contract (for the bi-annual exemption), with the second year of that being a player option (the Lakers have to create a bit of cap space to make that signing, expect them to waive Shake Milton and Jordan Goodwin in the coming days).

The Lakers will sign Marcus Smart to a two-year, $11 million deal after he clears waivers following his contract buyout with the Wizards.

NBA veteran Marcus Smart has 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.