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Claxton's parents are from Antigua and Barbuda. His sister, Lisa, played for the St. John's Red Storm women's basketball team. His brother Michael (M. Buckets) played college basketball for the Villanova Wildcats. Claxton has two daughters, Aniya and London, with ex-wife Meeka. The couple announced their divorce in July 2014.

Claxton served as a college scout with the Golden State Warriors before joining the Hofstra University men's basketball staff in 2013.

Claxton donated money to help build the 5,000-seat arena in which the Hofstra team plays, and his number 10 was retired by Hofstra on January 31, 2009. Claxton was inducted into the Hofstra Hall of Fame on January 29, 2011.

On June 25, 2009, Claxton and Acie Law were traded to the Golden State Warriors for Jamal Crawford. He was waived by Golden State on February 6, 2010.

On July 12, 2006, Claxton signed a contract worth approximately $25 million over four years with the Atlanta Hawks. Claxton only played 44 games with the Hawks, as he was injured every year after he signed with the team. During the 2006-07 season, he averaged 5.3 points and 4.4 assists per game.

On February 24, 2005, Claxton and Dale Davis were traded from the Warriors to the New Orleans Hornets for Baron Davis.

In 2003, Claxton was signed by the Golden State Warriors to a three-year contract worth $10 million.

Claxton missed his entire rookie season due to a knee injury suffered during the preseason. In 2002, Claxton was traded to the San Antonio Spurs for Mark Bryant, Randy Holcomb, and John Salmons, where he played on the Spurs' 2003 championship team as the backup to starting point guard Tony Parker.

Prior to his NBA career, Claxton played at Hofstra University under current Villanova University coach Jay Wright. At Hofstra, Claxton led the Flying Dutchmen to the America East Championship, where they defeated the University of Delaware in the championship game at Hofstra Arena. The team was defeated in the first round of the 2000 NCAA Tournament by an Oklahoma State team led by Desmond Mason, Claxton's future NBA teammate with the Charlotte Hornets.

Claxton was selected by the Philadelphia 76ers with the 20th overall pick of the 2000 NBA Draft. His rookie-scale contract was worth four years and $4.68 million; he opted out of the fourth year to become a free agent.

Craig Elliot "Speedy" Claxton (born May 8, 1978) is an American former professional basketball player. Claxton won an NBA championship in 2003 as a member of the San Antonio Spurs. In 2013, he was named as a special assistant to the head coach for the Hofstra University men's basketball program.