After plugging away for two seasons on a two-way contract, the Golden State Warriors announced that they signed guard Damion Lee to a multi-year contract.

According to The Athletic's Shams Charania, Lee signed a three-year contract that is partially guaranteed for next season as well.

Lee had to toil last season and the beginning of this season on a two-way contract, which essentially was a minor league NBA G-League contract that allowed him to play a maximum of 45 days with the Warriors. With the team's injury issues, Golden State has used Lee extensively this year on the NBA side. He is averaging 12.3 points, 5.3 rebounds, and 2.3 assists per game. With Lee running out of available time on his contract, the team needed to covert him to a full deal.

ESPN reporter Bobby Marks noted that Lee would make $842,327 for the remainder of this season, $1,762,796 next season (of which $600,000 is guaranteed) and $1,910,860 in the 2021-22 season (which is not guaranteed). It is a big jump in salary from his two-way contract, which worked out to $79,568.

To make room for Lee on their permanent roster, the Warriors last week released center Marquese Chriss. After he clears waivers, the team will reportedly sign Chriss to a two-way contract for the rest of this season to keep him on their roster.

Lee will most likely be playing for the Warriors when they face off against the Denver Nuggets on Thursday night.

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Online Photo Editor Douglas Zimmerman oversees SFGATE's Instagram and covers the Bay Area soccer scene on SFGATE's Beautiful Blog. View his latest stories and send him news tips at dzimmerman@sfgate.com.  Follow on Twitter @zimpix