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,

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

The Washington Wizards have agreed to a contract buyout with former NBA Defensive Player of the Year Marcus Smart, and the veteran guard will sign with the Los Angeles Lakers when he clears waivers, according to a report from ESPN's Shams Charania.