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Warriors waiting to sign Damion Lee for salary cap reasons

MEMPHIS — The Warriors will convert guard Damion Lee’s two-way contract to a standard NBA deal within the next few days, coach Steve Kerr said.

Lee, who is out for Sunday’s game in Memphis, used his final day with Golden State allotted under his two-way contract in Friday’s loss to the Clippers in Los Angeles. The Warriors are delaying signing him in order to maximize their remaining space under the hard salary cap.

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Any contract Lee signs will be prorated for the remainder of the season and, therefore, the more days the Warriors wait, the less it will count against the salary cap.