The Washington Wizards are trimming the fat. That’s because buyout agreements with guards Marcus Smart and Blake Wesley have reduced Washington’s cap figure by over $8 million, according to NBA cap insider Keith Smith of Spotrac.

The Los Angeles Lakers officially signed veteran point guard Marcus Smart on Tuesday, three days after it was reported he agreed to a contract buyout with the Washington Wizards.

The Los Angeles Lakers made another significant addition to their roster over the weekend when veteran guard Marcus Smart agreed to sign with them following a contract buyout. He had been traded to the Washington Wizards in February,