Damon Jones, a former NBA player turned coach, has a net worth of $1,000 as of 2026, despite earning nearly $22 million during his career. His financial history includes bankruptcies, evictions, and legal troubles, including a 2025 federal indictment.
Damon Jones is a former professional basketball player from the United States who later became a coach, with an estimated net worth of $1,000 in 2026. During his time in the NBA, he accumulated earnings of just under $22 million. However, his financial situation has been marked by significant challenges, including two bankruptcy filings in 2013 and 2015, an eviction from a high-end apartment in Houston, and an arrest in October 2025 linked to a federal investigation into sports betting and gambling. Jones established himself as one of the NBA's most consistent three-point shooters in the 2000s. Although he went undrafted, he played 11 seasons in the league from 1999 to 2010, representing ten different teams and earning a reputation as a dependable perimeter scorer and respected locker-room presence. His standout season came with the Miami Heat in 2004-05, when he started 66 games and ranked among the league leaders in three-pointers made and shooting percentage. After retiring as a player, Jones transitioned into coaching and player development, later serving as an assistant coach for the Cleveland Cavaliers during their 2016 championship victory. Jones's financial difficulties have persisted for over a decade, leaving behind a trail of unpaid debts, failed repayment plans, and legal disputes. His first bankruptcy case was filed in 2013, with personal assets valued at only a few thousand dollars—including a Yorkshire Terrier he listed at $1. Although this case was dismissed, he filed again in 2015, reporting liabilities between $500,000 and $1 million against assets as low as $100,000. Among his listed debts were over $640,000 owed to multiple creditors, including $47,000 to the Bellagio Hotel and Casino due to a 'breach of contract/confession of judgment.' Later records and lawsuits indicate that Jones's financial troubles worsened. In 2019, Scott Kerr took legal action against him for failing to repay a $10,000 loan that included a $4,000 fee, with Jones allegedly promising his 2016 NBA championship ring as security but never providing it. Between late 2023 and 2024, three more creditors filed claims against him, including a Houston man who stated Jones had agreed in writing to repay $20,000 after borrowing $4,500. Texts presented in this case referenced 'Bron,' interpreted as LeBron James, and discussed Jones's ties to NBA insiders. In 2023, Jones was involved in eviction proceedings from a luxury apartment in Houston. Property managers claimed he owed approximately $5,600 in unpaid rent and later filed a second case alleging over $11,000 in arrears. Jones did not respond in either case, leading to a default judgment and eviction order. Around the same period, court documents revealed he had used his championship ring as collateral for another personal loan, further highlighting his escalating financial strain. By the time of his 2025 federal indictment, Jones had endured years of court battles, defaults, and collection efforts from a variety of creditors, ranging from casinos to private lenders. The combination of persistent debt and alleged gambling-related activities painted a picture of a former athlete struggling to regain financial stability long after his playing days ended. Damon Darron Jones was born on August 25, 1976, in Galveston, Texas. He attended Ball High School and later enrolled at the University of Houston, where he played three seasons for the Cougars. Recognized for his shooting ability and court awareness, Jones averaged double-figure points as a junior before entering the 1997 NBA Draft. Though undrafted, he continued his basketball career, playing in the Continental Basketball Association and other minor leagues before earning his NBA debut in 1999. Jones first played in the NBA with the New Jersey Nets during the 1999-2000 season. Over the following years, he became a journeyman guard, appearing briefly for the Boston Celtics, Golden State Warriors, Dallas Mavericks, Vancouver Grizzlies, Detroit Pistons, and Sacramento Kings. Though rarely a starter, he built a reputation as a reliable sharpshooter off the bench, capable of influencing games with his outside shooting. In 2005, he joined the Cleveland Cavaliers, spending three seasons alongside LeBron James and serving as a key veteran presence in the locker room. His later career included stints with the Milwaukee Bucks and additional minor-league assignments before he retired from professional basketball in 2010. Across his 11-season NBA career, Jones averaged 6.6 points, 1.6 rebounds, and 2.7 assists per game. Since retiring, Jones has remained active in basketball through player development roles and occasional appearances as a basketball analyst, drawing on his two decades of professional experience. © 2026 Celebrity Net Worth / All Rights Reserved