"He would say he's best friend's with LeBron James -- basically, he was using that as a business card for people to gain some trust in opening up some doors for him," professional bettor Michael Osborne said of ex-Cavaliers player Damon Jones.

"He’s a really funny dude. He’s a great storyteller. But he was never a part of the staff," a team source said of Jones.

Jones, an 11-year NBA veteran, played for 10 teams during his career. After retiring in 2012, Jones spent time as an assistant coach with the Cavaliers from 2016-2018.

Former Cavaliers guard and assistant coach Damon Jones was arrested Thursday as part of a federal sports betting investigation that netted more than 30 arrests across the U.S.

Damon Jones and LeBron James have reportedly been friends since their time playing for the Cavaliers together in the mid-2000s.

Jones spent 11 years in the NBA, with his most memorable coming with the Cleveland Cavaliers. Before arriving in Cleveland, Jones was the definition of a journeyman. He hadn’t played for more than a single season with a franchise. But the 6-foot-3 guard found a home in Cleveland.

Cleveland Cavaliers assistant coach Damon Jones has been arrested as part of an FBI sports-gambling probe.  According to ABC News, Jones was arrested on charges that he gave inside information to co-defendants,