As a result, negotiations stalled. Smart eventually agreed to a buyout with the Wizards and signed with the Los Angeles Lakers, while Rozier remains on the Heat roster.

"Miami weighed a Rozier-for-Smart swap but could not reach an organizational consensus on whether such a trade was a clear upgrade," according to NBA reporter Jake Fischer. "Smart ultimately secured a buyout from Washington on July 19 that ultimately enabled him to sign with the Lakers as a free agent."

The Miami Heat "remains open" to trading Terry Rozier this offseason, Anthony Chiang reported on Wednesday for the Miami Herald.