Suns Re-Sign Damion Lee To One-Year Contract

7:16pm: Lee has officially re-signed with the Suns, per NBA.com’s transaction log.


1:04pm: Lee’s new deal is for the veteran’s minimum, tweets Gerald Bourguet of PHNX Sports. He’ll earn slightly less ($2.8MM) than he would’ve on his option, while the Suns’ cap hit will be just $2.09MM instead of $2.85MM, saving them some additional money in tax penalties.


11:23am: Free agent guard Damion Lee is re-signing with the Suns on a one-year contract, tweets ESPN’s Adrian Wojnarowski.

Lee became an unrestricted free agent when he declined his $2.85MM player option for 2024/25 on Saturday. However, he’s returning to Phoenix on a new one-year deal.

A former undrafted free agent who played college ball at Drexel and Louisville, Lee missed the entire ’23/24 season after suffering a meniscus tear in his right knee, which ultimately required surgery.

Lee, 31, initially signed a one-year, minimum-salary contract to join the Suns in the summer of 2022. He then inked a one-and-one contract with Phoenix last summer. During his healthy season with the Suns in ’22/23, Lee averaged 8.2 PPG and 3.0 RPG on a .442/.445/.904 shooting line across 74 contests (20.4 MPG).

Lee started his professional career in the NBA G League before signing a pair of 10-day deals and then later a rest-of-season contract with Atlanta in 2018. He spent the next four years with Golden State, winning a championship with the Warriors as a role player in 2022. He holds career averages of 8.2 PPG and 3.4 RPG on .436/.379/.878 shooting in 290 games, including 58 starts (20.8 MPG).

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