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.

The terms of Los Angeles Lakers' guard Marcus Smart's contract buyout with the Washington Wizards have been revealed.

On Saturday, July 19, ESPN's Shams Charania reported that former Boston Celtics fan favorite, Marcus Smart, had agreed to a contract buyout with the Washington Wizards. Charania also noted that Smart, 31, plans to sign a two-year $11 million contract with the Los Angeles Lakers, meaning he will join his former team's most bitter rivals.