ESPN famous reporter Shams Charania reported that Marcus Smart reached a buyout agreement with the Washington Wizards, planning to sign a two-year, $11 million contract with the Los Angeles Lakers after passing a clarification period.

Knicks reporter Stefan Bondy wrote: "The Knicks have considered Smart, but my understanding is that players want to join a team that provides a clearer playing time." Later, he confirmed: "The source informed that the Knicks could not provide Smart with the role he was looking for."