Kate, a chronic worrier about the Davids' growing family, could rest easier knowing he'd secured their future. On Thursday, when the Kings were mining their network for additional evidence, a folder named "660" was uncovered -- 660 J Street was a temporary home of the team's business operations during construction of the new arena. "You're going to go to prison," Kate says. The amount represented a relatively small sum for a franchise that would generate some $13 million in sponsorship revenue that season. SAN FRANCISCO (AP) A former Sacramento Kings top executive agreed Wednesday to plead guilty to siphoning $13.4 million from the team to buy Southern California beachfront properties, court . Wegzyn and the Kings brass realized it was time to escalate this homegrown investigation. Still, the Kings defend the rent stating: "Per the state, our lease agreement for Sleep Train Arena is consistent with other similar alternate care facilities that have been created to support the growing medical needs of the COVID-19 crisis across California. When asked whether David's scenario sounds plausible, business operations executives from six NBA teams say they find it far-fetched. The reality is there are only four real contenders. "I've got something really crazy going on at work," she said. San Diego State University. Free Test. The team's star, DeMarcus Cousins, earned $17 million. Still, Peterson and Stone don't think the Kings should be allowed to profit off the pandemic. Sacramento Kings executive allegedly took sponsorship money David also doesn't disclose information about the 2012 instance of fraud until Assistant U.S. Attorney Matt Yelovich brings it up. Kings exec's fraud outlined in agonizing detail - Yahoo! BACK AT THE rental house in Coconut Grove hours later, Kate logs on to her personal banking app to discover a balance of $0.00. The masculine minimalism looked familiar to anyone who has walked into a boutique hotel in the past decade. Learn more and register, Scores from any date in BAA/NBA or ABA history, Frequently Asked Questions about the NBA, WNBA and Basketball, Basketball-Reference.com Blog and Articles, Subscribe to Stathead Basketball: Get your first month FREE. We have tools and resources that can help you use sports data. I'll tell them the whole story and show them where the money is. Dr. A's weekly risers and fallers: Jeremy Sochan, Christian Wood make the list, NBA Power Rankings: Kevin Durant's return could rock the West, Inside the NBA's silent tension surrounding Daryl Morey, From the archives: How former ref Tim Donaghy conspired to fix NBA games, in a Kings organization often beset by palace intrigue, stay of execution that had wrested the team back from Seattle in 2013, Supplemental Privacy Policy for Singapore. Confirm that your trade proposal is valid according to the NBA collective bargaining agreement. Given the circumstances, they're worried David might try to arrange a questionable below-market deal with a side payment to himself or a friend. Hours earlier, the FBI had stormed her house. David had answered the unsolicited call from Van Wagner, so no one else with the Kings would have had knowledge of the discussion. Our reasoning for presenting offensive logos. Golden 1 and Kaiser Permanente wired millions to an entity they hadn't vetted without asking David to loop in his legal and finance counterparts. Kings' Jonathan Quick trade is shocking and risky even if it makes But multiple sources who have come through the Kings organization over the past decade say the organization had systemic flaws that left it susceptible during much of David's tenure. Later that Wednesday, Wegzyn reached out to Golden 1 and Kaiser Permanente to learn more. "We're partners. Wilcox will support General Manager Monte McNair in all facets of front office operations including roster construction, strategy and player evaluation. Kate is inconsolable.NBA RooksFollow Zion, Ja, RJ, De'Andre, Coby and more top rooks as they balance basketball and life during an exciting NBA season. 2023 CBS Broadcasting Inc. All Rights Reserved. The Kings, who are in third place, are an explosive offensive team; they average a league-high 120.7 points per game. Then Sacramento's vice president of corporate . Kate dials Bank of America, whose reps bounce her around the after-hours customer service labyrinth. 1,001-5,000 employees Headquarters Sacramento, CA Type Privately Held Founded 1985 Locations Primary 500 David J Stern Walk Sacramento, CA 95814, US Get directions Employees at Sacramento. Eastern District of California | Former Sacramento Kings Executive Odds & lines subject to change. Working as an Account Executive at Sacramento Kings in - Indeed Its likely that a decision like this wont be made during the combine and invitational workouts, so seeing what Kings brass next moves are will be a huge indicator in exactly how they intend on ending the 16-year playoff drought. Even the head coach pulled in almost $4 million per season. "I think you're making too much of this," Jeff says. ESPN Daily Podcast: Inside the great NBA heist. Copyright 2000-2023 Sports Reference LLC. "Why is all of our money gone?!" Between the two of them, they spent nearly 30 years with the Kings. Associate Counsel, Halle CaroloDirector, Talent & Engagement, Christina VasquezDirector, Ticket Operations, Paul JohnsonVP, Player Development & Stockton Kings General Manager, Dutch GaitleyAssistant Coach/Director of Player Development, Lindsey HardingAssistant Coach/Player Development, Mark ToyodaSr. She discovered that David had applied for mortgages and included a bank statement to a lender that showed a $4.4 million deposit from Kaiser Permanente. CFOs swap accounts of stress-testing their team's internal checks and balances to protect against potential fraud. Team Contact Information. Prior to Philadelphia, Jabour was a Scout for the Orlando Magic (2012-14) and contributed to collegiate and professional prospect evaluation. One Kings co-worker considered him the sort of oleaginous salesman who'd go into business with anyone. Jeffery R. David, the former Chef Revenue Officer of the NBA It's a seemingly innocuous inquiry from an HR lifer. I have to stay with this. He is an Arizona State University alum (2006) and earned a Masters of International Business from the University of St. Thomas (2007). Suns-Mavericks, 1 p.m. (ABC) Jeff assures her they can trash them because the entity isn't around anymore. She was careful not to reveal her intention, not wanting to alarm either entity. SACRAMENTO (CBS13) Former Sacramento Kings executives say they are shocked that the organization is charging the state $500,000 a month to rent the shuttered Sleep Train Arena to be used as a field hospital for COVID-19 patients. Ap/Jevone Moore Earlier this month, the NBA fined Sacramento Kings assistant general manager Wes Wilcox $15,000 for confronting personnel at the scorer's table. When she found a receptive party at Golden 1, she emailed him the list of legitimate Kings entities, burying SSP in the middle. 2022 season schedule, scores, stats, and highlights. Several of the executives note that it's not unusual for teams and sponsors to explore renegotiating their active agreements, which would require executives on both sides to review the paperwork. Matina Kolokotronis (born November 21, 1964) is Chief Operating Officer of the Sacramento Kings of the National Basketball Association. Per team policy, terms of the deal were not . "You know what you did. Select the third team from the drop down menu. After acquiring Domantas Sabonis, Sacramento has made it clear the goal is to end the franchises playoff drought rival teams are keeping an eye on Sacramento to trade this pick. Our reasoning for presenting offensive logos. One executive in the finance department of an NBA team says, "We invoice everything -- even signed contracts. Jabour was hired by the Rockets after working as a support staff member with USA Basketball in 2006 following four years on staff with Arizona State mens basketball program. Select the third team from the drop down menu. Golden 1 Center | 500 David J Stern Walk | Sacramento, CA 95814. Sacramento Kings Coach | HoopsHype Get browser notifications for breaking news, live events, and exclusive reporting. In August 2018, the Kings' senior vice president of human resources had been looking for a copy of a commission structure to build out the corporate sales team. ", "Jeff is white-collar meets surfer dude, the consummate bro," says a former Kings co-worker on the business operations side. The Kings have finalized contracts with Doug Christie, Jay Triano and Luke Loucks to be assistant coaches under Mike Brown, writes Jason Anderson of The Sacramento Bee. NBA.com is part of Warner Media, LLCs Turner Sports & Entertainment Digital Network. However, their most notable acquisition this season was signing Russell Westbrook after he was bought out of the final months of his . Now, in the wee hours of Wednesday morning, Wegzyn's husband, Mark, found her sitting at her kitchen table, hunched over her laptop. Starting with the 2023-24 NFL season, all preseason and regular season 49ers games will be radio broadcast by Sactown Sports for the Sacramento Faithful. Account Executive (Former Employee) - Sacramento, CA - October 2, 2017 Indeed Featured review Great place to work if you truly enjoy meeting new people and building relationships! They showed this by drafting Davion Mitchell with the 9th overall pick. 60 activities a day, usually cold calls but they allow you to choose what kind of client you reach out to. Knicks-Celtics, 7:30 p.m. Monte McNair is an American sports executive who is the general manager and president of basketball operations for the Sacramento Kings. May 7, 2020 / 10:58 PM Just as Wegzyn returned to the office on Tuesday, confirmation arrived from Golden 1: It had sent a $9 million payment to SSP. The house in Hermosa Beach that David purchased in July 2016 for $8 million sells for $10.6 million; the Manhattan Beach house he bought for $3.8 million sells for $4.3 million. We did point out to the men that the Kings are likely to make less money this year due to stadium fan restrictions and a shortened season if they do go back. The Sacramento Bee was the outlet that published the allegations made by. Rich tells Jeff it's imperative that he get legal protection. It was audacious and, in David's mind, airtight. He spent the 2015-16 NBA season stealing more money than most Kings players earned on the court. Could this trade come down to the wire a la Jimmy Butlers exit from Chicago to Minnesota? Ex-Sacramento Kings executive admits to defrauding team Matina Kolokotronis - Wikipedia Sacramento Kings Company Profile | Management and Employees List - Datanyze In its nine years of existence, SSP never undertook any consultancy work. January 24, 2022 12:01am A Sacramento Kings executive was fined by the NBA for in-game actions, raising a complicated legal question. There was nothing aesthetically unique about the Lexus Lounge. Account Executive (Former Employee) - Sacramento, CA - October 2, 2017 Indeed Featured review Great place to work if you truly enjoy meeting new people and building relationships! ", Wegzyn presses on. How the Kings' owner made Sacramento 'Basketball Hell' | The Sacramento Bee How NBA executive Jeff David stole $13 million from the Sacramento Kings But this was the nerve center of Jeff's world. "I can't talk about it, but I'm obsessed. "You have to put on real clothes, dude," he tells his 5-year-old son, who finds the proposition that he can't wear pajamas to a suburban shopping mall entirely unconvincing. I'll be up soon.". He returns to Columbus, where he, Kate and their three children have relocated to a roomy cluster home not far from where Kate grew up and where most of her family resides. 75; According to Mike Scotto of HoopsHype, executives around the NBA are looking to teams like the Kings as well as the Portland Trail Blazers to shop their picks for quality players that can help their franchises win now: Sacramento already has DeAaron Fox and Davion Mitchell as part of their core for the future, with Donte DiVincenzo set to enter restricted free agency with a $6.61 million qualifying offer. The longer Jeff believes the inquiry is about the title company, the more likely it is that Sommercamp can extract the details he wants. Across the courtroom, the U.S. attorney's team readies itself to argue that Jeff David should serve nine years in federal prison. The wild story behind the NBA's most unlikely heist, Morant to miss two games after video with gun, Sixers rally to snap Bucks' 16-game win streak, Curry, Iguodala probable to return vs. Lakers, Sources: Suns hiring Pistons' Bartelstein as CEO, Grizzlies' Clarke tore Achilles, out for season, Kerr touts 5-0 homestand: Dubs 'turned a corner', KD: Mavs tilt, Kyrie meeting 'just another game', Sources: Dragic joining Bucks for rest of season, The paths of KD and Kyrie: How one month changed three franchises and two superstar legacies. "It was particularly difficult for us because we had previously been witnesses to many occasions on which his strong moral compass was in clear view in far less profound situations," she says. Then drop a silly rap lyric about an account.". 'Whatever seed we are, we're ready': Is there room for Cleveland among the East elite? "I can liquidate the properties. Questions raged about how a credit union tasked with protecting the savings of teachers and a health care nonprofit could be snookered out of millions by a single individual. As rewarding as sales work can be on behalf of a pro basketball team, it hadn't satisfied Jeff's thirst for more. 4 pick for immediate help, De'Aaron Fox scores 33 points to lead Kings past Clippers 128-127. Here, they begin with a directive to David: "Anytime you want to confer with your lawyers privately, we're happy to step out of the room," says Assistant U.S. Attorney Michael D. Anderson. Sacramento Kings Staff & Executives - RealGM [16], List of National Basketball Association team presidents. It contains the objects of Jeff David's life, all destined for the Davids' new house in the affluent Pinecrest neighborhood. There have been suggestions that Snyder may have taken the job in part to have a bigger say in roster changes when Williams spoke to Snyder she got the impression that while Fields and . Every Sports Reference Social Media Account, Site Last Updated: Saturday, March 4, 6:46PM. 2009: David sets up SSP Sommercamp wants to know who these investors are. If he knows that -- or senses it -- he doesn't let on. If you are having difficulty accessing any content on this website, please visit our Accessibility page. A former Sacramento Kings executive was sentenced to seven years in federal prison Monday for embezzling more than $13 million from the NBA team. He got to work revising the original paperwork, forging team president Chris Granger's signature and sending a digital file back to Kaiser. If he had truly wanted to return $4.4 million to the franchise, he would have needed to get creative. He strongly suspects he's the perpetrator of a felony. Org Chart Sacramento Kings - The Official Board We are not making it all up in our heads, thinking well of Kris Dunn because we want to: he has real talents to bring, and a body that for the time being will allow him to use them. The organization did not provide those numbers. she screams at Jeff, who seems oddly sanguine for a man who suddenly doesn't have the liquidity to order takeout. Select the fourth team from the drop down menu. What if this is all legit? Jeffrey David pleaded guilty earlier this year to . All rights reserved. Now he had flown his wife and young family on a private charter to Southern California to spend July Fourth at the new four-bedroom house, which was half a mile from an even grander property in Hermosa Beach that Jeff had also purchased. I'll give it back, and when I do, it'll be OK.". As the Kings' CRO, he had been the architect of multimillion-dollar sponsorship deals that were funneled to an ownership group whose managing partner was worth several hundred million dollars. David filed this information away. All the money's there. "I'm going to tell you, but I need you to hear me out," he says. The team's new vice president of security operations, Dave Thomas, spent nearly 30 years in law enforcement with the FBI and Secret Service. No milieu displayed this NBA abundance more than the Lexus Lounge at the Golden 1 Center half an hour before tipoff. And it was cold. And after two stints with the Kings spanning more than a decade -- while helping secure hundreds of millions of dollars in arena sponsorships for the team -- he has joined one of the NBA's most respected organizations in an appealing, sun-drenched market. Stone was there for nine years and was Senior VP of Arena Services under the Maloofs. . Dec. 2018: David pleads guilty Los Angeles Clippers vs Sacramento Kings LIVE Updates: Score, Stream Maybe 2015? Director, Digital, Content & eSports, Nicole LoscavioSr. Though his wife and in-laws still believe he's a good man, David won't enjoy their devotion in close proximity, except as official visitation rules permit. Nick Cahill / June 24, 2019. And in more than two dozen interviews, colleagues, friends, neighbors, family, law enforcement and Sacramento businesspeople could offer no explanation as to why he did it. Former Sacramento Kings executive who stole $13M receives 7-year jail Description Operator of a professional basketball team. SACRAMENTO (CBS13) Former Sacramento Kings executives say they are shocked that the organization is charging the state $500,000 a month to rent the shuttered Sleep Train Arena to be used as a. Sacramento Kings, Kansas City Kings, Kansas City-Omaha Kings, Cincinnati Royals, Rochester Royals, Seasons: His first opportunity came that year when Van Wagner, a New York-based sports marketing firm, placed a routine call to David. A year later, David reached back out to Bland to inquire whether her offer for an upfront payment still stood. At group dinners and in casual conversations, execs who worked with David try to recall instances that might have marked him as a crook. Now he was a part of the action with his most wealthy counterparts, demonstrating to himself that he could succeed at the art of investment. As someone who owned rental properties, the table of depreciating items looked familiar in its contents -- furniture, a golf cart -- but the name of the entity in question was odd: Sacramento Sports Partners LLC. Per team policy, terms of the agreements were not disclosed. "It's a Sacramento tradition.". He planned to rent these investment properties, but in the meantime, his young family could bask in the warm glow of one of L.A.'s most appealing coastal towns. Nearby, a shrine commemorated Ranadive's meetings with global celebrities. 1948-49 to 2022-23. David, 44, siphoned $9 million from the Golden 1 Credit Union and $4.4 million from Kaiser Permanente. "He knew I was capable of it" - Ex-Sacramento Kings backup center Scot Pollard said Rick Adelman always wanted him to score. It's no surprise that Sacramento would be willing to package Buddy Hield, Marvin Bagley III and multiple. Lakers aiming for sixth seed so they can play Kings in playoffs Team Names: Peterson was with the organization for 25 years under three different owners. However, CBS13 also asked how the Kings planned to use the money it is making on the arena during the pandemic. "I lost the respect I had," David tells Judge William B. Shubb. Sacramento Kings Vice President of Basketball Operations and General Manager Vlade Divac today named Dave Joerger as the team's new head coach. Suns-Mavericks, 1 p.m. (ABC) He was gregarious, fond of "hugging it out," able to laugh at himself when less extroverted spirits made light of that exuberance. A History Lesson For Sacramento: How Kansas City Lost The Kings - Deadspin Wes background as an executive in the league combined with Phils veteran leadership through the scouting ranks and Pauls proven experience in evaluating talent will be strong additions to the basketball operations group. Legality of League Punishments of Team Executives NBA NFL MLB NHL They say the Kings have a history of donating the facility, free of charge, during a variety of emergencies ranging from floods to Y2K. Here is the full list of the CBS13 stories cited by the Kings: The NBA 2K League is set to start on May 5 as teams will compete remotely due to COVID-19. "We went back to bed at 4 in the morning, and I said, 'I don't think he really gets it,'" Rich says nearly a year later. On June 8, 1983, an investment group from Sacramento purchased the Kings. When Jeff had moved $250,000 of the family's savings into Sacramento Sports Partners, he told Kate the money was for a real estate fund with other investors. Jeff's mother-in-law and her partner had arrived the previous night to help wrangle the kids while Jeff and his wife, Kate, led their family from their rental home in Coconut Grove. "This is Stacy with the Kings," she told the rep in accounts payable at each organization. David left for a brief stint with the NBA league office before returning to Sacramento in 2011 as CRO. - Develop Fan Experience strategy to sell $100k in experiences through the Kings App. On this Monday, walking through the Davids' new front door is a dizzying procession of cable guys, utility workers and movers. "Let's close some phone numbers" in David-speak meant he wanted the Kings' sales team to craft some seven-digit sponsorship agreements. Three takeaways from Kings 123-117 win against Thunder, Three takeaways from Kings 124-115 win over Oklahoma City Thunder, Kings waive KZ Okpala, sign PJ Dozier for the rest of the season, 5 takeaways from the Kings beating the Clippers in the second-highest scoring NBA game ever, 3 takeaways from Sacramentos 133-116 win over the Portland Trail Blazers. David is operating under the hope that by cooperating, he can work out a favorable deal. Blake knew that Quick's contract, the huge 10-year deal he signed after winning the Conn Smythe Trophy in 2012, didn't have a no-trade clause in it. 2015-16: Golden 1, Kaiser frauds In June 2015, the Kings and California credit union Golden 1 agreed to a 20-year, $110 million naming rights deal for the team's new arena. No alert, no explanation. But unbeknownst to the higher-ups, he kept negotiating. Do you have a sports website? Sommercamp asks Jeff how he found the money to buy it. That is why they made several moves at the trade deadline. "They're not providing any of that. Ex-Sacramento Kings exec gets 7 years for siphoning $13.4M One team president says the franchise initiated a full audit of its operations days after the story became public. Deals like this often have "escalators," an excess amount paid each year to account for inflation or increased operating costs -- akin to a cost-of-living adjustment. The Kings did not respond to follow-up questions about whether the reference "six figures monthly" included the utilities and salaries, which the state is paying above and beyond the $500,000 monthly rent. (3/14/20), The Kings are one of many teams who have said they will pay their game-day workers throughout the month of March. Among the weak links, they say, was the Kings' finance department. But it's when Sommercamp asks about how he obtained signatures from his partners in Sacramento that Jeff knows it's time to suspend his cheery front. McNair grew up in Oak Park, California, and attended Oak Park High School. Because the advertising had been purchased by Van Wagner on behalf of Peak Sports, there was no suspicion that a check from Peak hadn't turned up in the accounting department. When asked to recall the last time he spoke with someone from the Kings, though, he neglects to mention the call with Wegzyn on Monday. A surge of adrenaline jolted through Wegzyn's body. Wegzyn asked Thomas to set up a meeting. McNair hopes to bring stability to the organization. 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