2:16 pm: Spencer’s contract covers the remainder of the season, tweets Shams Charania of ESPN, and will be worth the prorated veteran’s minimum ($857,804), which is all the Warriors could offer him, per cap expert Yossi Gozlan (Twitter link).

Spencer is on track to become a restricted free agent this summer, notes ESPN’s Bobby Marks (via Twitter).


1:46 pm: The Warriors have officially converted Pat Spencer‘s two-way contract into a standard deal, per NBA.com’s transactions log.

The 6’2″ point guard is now eligible to play the rest of regular season. Spencer is playoff-eligible as well, which wasn’t the case on his two-way deal.

Golden State had two openings on its standard roster after Thursday’s trade deadline. The team now has one open standard spot (the Warriors are reportedly eyeing Lonzo Ball) and one two-way vacancy after converting Spencer’s contract.

A former lacrosse star at Loyola Maryland who didn’t play college basketball until he was a 23-year-old graduate student at Northwestern, Spencer is having a career year in his third season with Golden State, averaging 5.8 points, 2.9 assists and 2.2 rebounds on .423/.431/.833 shooting in 36 games (14.4 MPG).

Jake Fischer of The Stein Line reported earlier on Saturday that Golden State was working to promote Spencer, who scored a career-high 20 points and knocked down a career-best six three-pointers in Thursday’s win at Phoenix (story via Kalyb Champion of the team’s website). Thursday marked Spencer’s 50th active game of the season, which is the limit for two-way players.

Spencer, 29, has played a modest role when Stephen Curry has been healthy in 2025/26, but has seen a major uptick in playing time when the superstar guard has been sidelined, averaging 11.0 PPG, 5.3 APG, 3.9 RPG and 1.0 SPG in 13 games (25.3 MPG).

Marc Stein reported in December that Spencer’s promotion was viewed as a near lock, then noted in January that it was likely to occur after the deadline. Spencer also had his two-way deal converted into a standard contract last year.

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