Lee -- who opened the season on a two-way deal -- signed a multi-year contract with Golden State on Wednesday morning, the team announced.
Sources told Shams Charania of The Athletic it's a three-year deal, which includes a partial guarantee for next season.
ESPN's Bobby Marks has the full breakdown:
Here is the contract breakdown for Damion Lee:— Bobby Marks (@BobbyMarks42) January 15, 2020
20/21 $1,762,796 ($600K guaranteed)
21/22 $1,910,860 (no protection)
So if we assume Lee is with the Warriors the entire 2020-21 campaign and earns the full $1.76 million, he would enter the 2021-22 campaign on a fully non-guaranteed contract and could be waived anytime before Jan. 7.
Over his last 14 games (13 starts), Lee is averaging 14.6 points, 6.6 rebounds, 2.9 assists and 1.1 steals, while shooting just under 39 percent from deep.
He did not suit up for the Warriors' last two games as the contract was being finalized.
The 27-year-old is expected to be in uniform against the Denver Nuggets on Thursday night.
Warriors sign Damion Lee to multiyear contract amid strong season originally appeared on NBC Sports Bay Area