The Washington Wizards turned out to be the biggest losers of Marcus Smart's signing with the Los Angeles Lakers.

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).

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.