Keith Lee played high school basketball at West Memphis Senior High School in West Memphis, Arkansas. The 1979-1980 team is considered by many to be the top high school basketball team in Arkansas history, going undefeated for a 30-0 record. The 1980-1981 team, after losing former NBA player Michael Cage to graduation, went undefeated that season as well and holds the longest winning streak for high school basketball in the state at 60 consecutive wins.
In 1985 Keith Lee helped lead the Memphis State Tigers to the Final Four and was also a first team All American. He was the first Tiger to earn AP All-America honors four times (first-team as a senior). Lee helped the Tigers compile a 104-24 (.813) record with four NCAA appearances from 1981 to 1985. His 2,408 career points are a Tiger record, and his number was retired in 1985.
Lee's best year as a professional came during his rookie season for the Cavs when he appeared in 58 games and averaged 7.4 ppg. In his NBA career, Lee played in 182 games and scored a total of 1,114 points.
Lee received a degree in interdisciplinary studies from the University of Memphis in December, 2008.