The Los Angeles Lakers currently have 14 players under contract and are just under the first apron threshold, where they are hard-capped, after adding Marcus Smart and waiving both Shake Milton and Jordan Goodwin.

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 are set to sign veteran guard Marcus Smart to a two-year, $11 million deal. In order to make room for the veteran guard, a pair of younger players had to go. Earlier Sunday, Los Angeles waived 28-year-old guard Shake Milton,