Damon Jones Net Worth 2025

What is Damon Jones net worth?

Who is Damon Jones?

Damon Jones is an American former NBA player recognized for playing for the Cleveland Cavaliers of the National Basketball Association (NBA) from 2005 to 2008.

Damon Jones has been in the news for an alleged illegal gambling scheme for which he was arrested in October 2025. A case pleaded no guilty in the first hearing.

Damon Jones Age

According to available information, Damon Jones was born on August 25, 1976. At the time of writing this article, Damon Jones is 49 years.

Damon Jones Biography

Damon Jones is an American former NBA player. He played for Cleveland Cavaliers of the National Basketball Association (NBA) from 2005 to 2008.

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Jones started by playing for Ball High School Golden Tornadoes basketball team. He went on to the University of Houston after his graduation in 1994

Damon Jones Professional Career

Jones started his professional career with the Idaho Stampede of the Continental Basketball Association (CBA) during the 1998–99 season

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Jones signed a $2.5 million deal with Miami Heat in 2005. During the same season, he had the most games started, in field goals and number of games played. After enjoying a successful career spell , Jones went on to sign a $16.1 million contract with the Cleveland Cavaliers in September of 2005 .

Damon Jones Career

Damon Jones began his career in 2004 after signing a one year contract with Miami Heat for $2.5 million. In 2005, he moved to Cleveland Cavaliers for a fee worth $16.1 million.

In 82 games played (seven starts) during the 2005–06 regular season, Jones averaged 6.7 points and 2.1 assists per game. He shot 37.7% from three-point range

After spending three seasons at Cleveland, Jones was traded he Milwaukee Bucks in a three-team, six-player deal involving the Bucks, the Cleveland Cavaliers, and the Oklahoma City Thunder that also sent Milwaukee’s Mo Williams to Cleveland, Cleveland’s Joe Smith and Milwaukee’s Desmond Mason to Oklahoma City, and Oklahoma City’s Luke Ridnour and Adrian Griffin to Milwaukee

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How Much has Damon Jones Earned in his Career?

Through out his illustrious career, Damon Jones has earned over $20 million. His career stats included playing 11 seasons and one season as an Assistant coach for Los Angeles Lakers.

Despite having a successful career, Damon Jones faced a number of financial difficulties which led to him declaring Bankruptcy in 2013.

Gambling investigation

On October 23, 2025, Jones, Miami Heat player Terry Rozier, and Portland Trail Blazers head coach Chauncey Billups were arrested in connection with a federal investigation into sports betting and gambling. While the exact charges are not known as of yet, FBI director Kash Patel is expected to hold a press conference to speak on additional possible charges and arrests