In 1975 he started for Denny Crum's second team to reach the Final Four and was selected Most Valuable Player in the NCAA Midwest Region Tournament. He also played on the United States Pan American team that won a gold medal. He was an All-American in 1976 and broke Jim Price's assist record, which stood for 14 years. In addition, he was selected as an Academic All-American in 1976.
He was selected by the Houston Rockets in the 3rd round (62nd pick overall) of the 1977 NBA Draft.
He played for the Rockets (1977–78) in the NBA for 7 games.
In 1983, Bond joined the staff of Metro United Way in Louisville, Kentucky. He is currently the Chief Financial Officer of the organization.
In 2013, his son, Jordan Bond, was a walk-on with the University of Louisville basketball team that won the men's NCAA national championship.