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

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 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,