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.

Marcus Smart, former Defensive Player of the Year and a 3-time All-Defensive First Team honoree, reportedly plans to join Los Angeles.