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What is Damon Jones’ net worth?
Damon Jones, an American basketball coach and former player, boasts a net worth of $7 million. Throughout his NBA tenure, he amassed nearly $22 million in earnings from his salary.
Renowned for his three-point shooting skills in the 2000s, Jones built a solid NBA reputation despite not being drafted. From 1999 to 2010, he spent 11 seasons with ten different teams, establishing himself as a reliable perimeter shooter and a respected locker-room presence. His standout season came in 2004-05 with the Miami Heat, where he started 66 games and was a top contender in three-pointers made and shooting percentage. Post-retirement, Jones transitioned into coaching and player development, notably serving as an assistant coach with the Cleveland Cavaliers during their 2016 championship triumph.
Early Life
Born Damon Darron Jones on August 25, 1976, in Galveston, Texas, he attended Ball High School before playing college basketball at the University of Houston. Known for his shooting prowess and court vision, Jones averaged double-digit points as a junior. Despite going undrafted in the 1997 NBA Draft, he pursued a professional career, playing in the Continental Basketball Association and other minor leagues before making his NBA debut in 1999.
NBA Career
Jones began his NBA journey with the New Jersey Nets in the 1999-2000 season. Over the following years, he became a journeyman guard, joining teams like the Boston Celtics, Golden State Warriors, Dallas Mavericks, Vancouver Grizzlies, Detroit Pistons, and Sacramento Kings. While he rarely started, he earned respect as a backup guard capable of impacting games with his shooting ability.
His career peaked in the 2004-05 season with the Miami Heat, where he started alongside Dwyane Wade and Shaquille O’Neal. Jones averaged 11.6 points per game and made 225 three-pointers, ranking third in the league, while leading in true-shooting percentage at 62.5%. His proficiency from beyond the arc was pivotal in Miami’s journey to the Eastern Conference Finals.
In 2005, Jones joined the Cleveland Cavaliers, playing alongside LeBron James for three seasons and emerging as a vital veteran presence. Subsequent stints included the Milwaukee Bucks and minor-league assignments until he retired in 2010. Over his 11 seasons, Jones averaged 6.6 points, 1.6 rebounds, and 2.7 assists per game.
Contracts, Salaries & Career Earnings
Damon Jones’s NBA earnings reflected the solid career of a respected role player. After several one-year contracts early in his career, he earned a $2.5 million salary during his breakout season with the Miami Heat in 2004-05. The following year, he signed a four-year, $16 million deal with the Cleveland Cavaliers, the largest contract of his playing career. In total, his NBA salaries added up to an estimated $21.7 million. His career earnings placed him among the highest-paid undrafted guards of his generation, particularly impressive given his non-traditional path into the league.
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Coaching Career
Following his retirement, Jones transitioned to coaching and player development. He began as an assistant with the Canton Charge of the NBA G League before joining the Cleveland Cavaliers’ coaching staff. As an assistant coach under Tyronn Lue, he helped the team refine its perimeter play and shooting mechanics, contributing to the franchise’s historic 2016 NBA Championship victory.
Jones has since continued working in player development roles and has occasionally appeared as an on-air basketball analyst, offering insight based on two decades of experience in professional basketball.
2025 Gambling Arrest
In October 2025, Damon Jones was arrested as part of a sweeping FBI investigation into an alleged nationwide gambling and poker-game scandal that also implicated Portland Trail Blazers coach Chauncey Billups and Miami Heat guard Terry Rozier. Federal prosecutors announced indictments for more than 30 people accused of participating in illegal gambling operations with ties to organized crime families.
According to U.S. Attorney Joseph Nocella Jr., Jones was among three defendants charged in connection with both indictments, which described an elaborate scheme to rig high-stakes poker games using hidden technology capable of reading and transmitting card data. The FBI alleged that participants, including Jones and other former athletes, acted as “face cards” who attracted wealthy victims to exclusive games in cities such as Miami, Las Vegas, and New York. Once play began, those games were manipulated using modified self-shuffling machines and hidden signals that allowed conspirators to cheat victims out of hundreds of thousands of dollars.
Federal officials stated that Jones was a former NBA player at the time of his alleged involvement and not working in an NBA coaching capacity. The Justice Department described the broader operation as “one of the most brazen sports-related gambling conspiracies since the legalization of online sports betting.”
Personal Life
Away from basketball, Jones has pursued business and community ventures and is known for his outspoken personality. He has one child with former WNBA star Tina Thompson, who was inducted into the Women’s Basketball Hall of Fame.
All net worths are calculated using data drawn from public sources. When provided, we also incorporate private tips and feedback received from the celebrities or their representatives. While we work diligently to ensure that our numbers are as accurate as possible, unless otherwise indicated they are only estimates. We welcome all corrections and feedback using the button below.
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