The center officially signed with Golden State on Thursday after receiving his letter of clearance from Australia and the National Basketball Association, but the Sydney Kings announced he will return to Australia after he completes a short-term contract with the Warriors that runs until the end of the National Basketball Association season.
The Warriors' two-time NBA MVP Steph Curry said he was excited at the prospect of having Bogut back in Oakland.
After those were obtained, the Warriors were free to sign Bogut today.
"I appreciate the opportunity and if it's waving a towel for 20-odd games and just being a good teammate, I'm happy to do it", Bogut said at a Sydney media conference.
In his four years with Golden State (2012-16), Bogut built a reputation as a sarcastic, rugged big man who set hard screens, thrived as a fulcrum of the offense and played sound positional defense.
And Curry declared on Tuesday that he was delighted to see Bogut come back to the franchise.
Golden State had an open roster spot and chose to use it at centre. "We all know what Bogut brings to the table, so I think it will overall help us, especially going down this stretch where it's going to be a tough run to try to three-peat". "Whatever role that means, he's ready to accept and take on the challenge".
Bogut averaged 6.3 points, 8.3 rebounds, 2.2 assists and 1.71 blocks in 23.7 minutes over 236 games (230 starts) for the Warriors.
"He knows our system, he knows how we do things around here".
Bogut, who won a championship with Golden State in 2015, is coming off a season with the Sydney Kings in the NBL where he was named the Most Valuable Player and Defensive Player of the Year.
In a competitive Western Conference, the Warriors remain favourites but have struggled for consistency, going 5-5 over the past month. Even if I don't play a minute, it's really cool to go somewhere where I'm valued, No. 1, not only as a basketball player but basketball IQ and as a person.