The Golden State Warriors re-signed veteran guard Gary Payton II. Payton inked a one-year deal at the veteran minimum with a partial guarantee. Payton had been waived by the Warriors on Sunday and cleared waivers on Tuesday.

By waiving and re-signing Payton, the Warriors lowered his cap hit. Due to Golden State being deep into the luxury tax, any additional salary they carry comes with prohibitive penalties.

Payton signed a two-year contract for the veteran minimum in mid-May last season. Payton had previously completed two 10 Day contracts with the Warriors. Golden State is said to like Payton's on-ball defense, as well as his ability to run the offense as a backup point guard.