The Wizards are hoping to sign free agent point guard Brandon Jennings on Wednesday once he clears waivers following his release from the New York Knicks, as CSN reported earlier Tuesday. Now CSN's Chris Miller can confirm the Wizards and Jennings have an agreement.

The NBA has a 48-hour rule where a player has to clear waivers before he becomes a free agent. Jennings looks headed for that scenario and the Wizards have emerged as his biggest suitors.

Jennings, 27, is averaging 8.6 points through 58 games this season. He was released by the Knicks on Monday.

The Wizards decided not to address the backup point guard position at the trade deadline, but are still inclined to find help at the position. Right now they have Trey Burke, who has struggled to find consistency this season, and rookie Tomas Satoransky, who is inexperienced.

Starting point guard John Wall is logging the sixth-most minutes per game this season at 36.7. Jennings should help get that number down and provide scoring to the Wizards' bench.

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