Damon Arnette net worth: A look at ousted Raiders star's riches amid gun-toting video
After Henry Ruggs, Las Vegas Raiders released another of their first-round picks within less than a week, as the team let go of cornerback Damon Arnette on November 8. Recently, a TikTok video self-recorded by Arnette went viral on social media, where he could be seen brandishing a gun and threatening to kill someone. Arnette himself posted the video last week and it soon landed him in massive controversy.
The 25-year-old player can be heard holding a set of guns and shouting, "[I'm] five minutes away. Pull up lame-ass [N-word], I swear to god I will kill you, [N-word]. On everything I love, I will kill you,[N-word]. You talking crazy.'' The identity of the person he was threatening has not been disclosed, and the root of their conflict is also unknown. The footballer had also been sued recently over a hit-and-run accident from 2020. Last week, twelfth pick Henry Ruggs III was released following a DUI car crash that killed a 23-year-old woman.
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Addressing the issue of Arnette's release, Raiders manager Mike Mayock called it a "painful decision" and said, "There have been a series of bad decisions over the last year or so, but we can't stand for the video of Damon with a gun threatening to take a life."
"The content was unacceptable, contrary to our values and our owner Mark Davis has been very clear and very consistent that this is not how we will conduct ourselves in this community. The bottom line, the Raiders will not tolerate this type of behavior," Mayock remarked about the video posted by the 19th overall pick.
What is Damon Arnette's net worth?
Arnette was sued last week by a woman who sustained injuries and vehicular damages due to a hit-and-run case from 2020. He was slapped with a lawsuit of $92,000 in compensation. Soon after the news of the lawsuit surfaced, Arnette returned to social media with the frightening gun-toting video.
Raiders GM Mayock revealed that they had concerns about his character at the time of the Khalil Mack trade, but they chose to go ahead and draft him as the 19th overall pick for cornerback. "I know a lot of people, including myself, we were all concerned about this, but at the time we thought it was an acceptable risk. Obviously, it's painful on all levels," Mayock admitted.
In 2020, Arnette signed a four-year deal worth $13.4 million with the Las Vegas Raiders, along with a $7.3 million signing bonus. So far, he has only made half of his contract with the Raiders. His net worth has been estimated to be somewhere between $1 million and $5 million. He doesn't have any known income from brand endorsements or investments.
The ongoing lawsuit and now the release from Raiders can put Arnette into a financial crisis. As his image is already tarnished by off-the-field controversies, it is unlikely that he would to have a career in NFL anymore.