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.

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

Smart split last season with the Wizards and Memphis Grizzlies, who traded for him two offseasons ago in the deal that landed Kristaps Porzingis in Boston. The 31-year-old guard had previously been the longest-tenured player on the Celtics, with nine years of experience, and earned the Defensive Player of the Year award in 2021-22.