In a move first reported by ESPN's Shams Charania on Sunday, Los Angeles waived the guard in an effort to clear financial space to add Marcus Smart. Milton's $3 million contract for the 2025-26 campaign was set to become fully guaranteed on Sunday had the Purple and Gold not moved on from him.

Smart, the 2021-22 Defensive Player of the Year, intends to sign with the Lakers on a two-year deal after agreeing to a buyout with the Wizards.

The Los Angeles Lakers have officially waived veteran guard Shake Milton in a move to clear cap space for the signing of Marcus Smart, according to ESPN’s Shams Charania. Milton’s $3 million contract for the 2025–26 season was set to become fully guaranteed, but the Lakers acted swiftly, making the decision to part ways before the deadline.