Again, this deal is only going through if LeBron James does not sign with the Knicks. Marcus Thompson of Inside the Bay Area reports:

The Warriors and Lee have all but agreed in principle to a six year deal totaling about $80 million, team sources told me. At an average of about $13 million per year, Lee would become the Warriors highest-paid player. If he signs it.

Check for reaction on this decision at the Golden State of Mind thread discussing this news.