Paul Pierce will sign with the Washington Wizards on a two-year deal at the mid-level exception for $10 million. The second season will be a player option.

The Wizards were on the market for a small forward following the departure of Trevor Ariza.

Pierce spent last season with the Brooklyn Nets.

Tim Bontemps of the New York Post reports that the Nets were given the opportunity to re-sign Pierce, but passed. The Nets would have had to pay upwards of $20 million in luxury taxes to re-sign Pierce.