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.

Veteran guard Marcus Smart will sign with the Los Angeles Lakers after receiving a contract buyout from the Washington Wizards, according to a person with knowledge of the deal.

Over the weekend, the Los Angeles Lakers landed a major two-year, $11 million deal with two-way guard Marcus Smart, who reached a buyout with the Washington Wizards. The move wasn’t made official until Tuesday,