Summer 2018: Wegzyn finds the trail They put up 176 points and 153 points at the end of regulation in a. They said several other former VPs & owners were in agreement that if the Kings weren't going to donate the facility, they shouldn't be charging more than their cost. Between the two of them, they spent nearly 30 years with the Kings. As rewarding as sales work can be on behalf of a pro basketball team, it hadn't satisfied Jeff's thirst for more. A former top Sacramento Kings executive was sentenced Monday to seven years in prison for siphoning $13.4 million from the team. In addition to the duties as Manager, Sales Operations. However, CBS13 also asked how the Kings planned to use the money it is making on the arena during the pandemic. Kate toggles over to the family's secondary account at Wells Fargo. Select the second team from the drop down menu. Peterson and Stone also pointed out, unlike previous ownerships, the Kings are now subsidized by the state. The organizational chart of Sacramento Kings displays its 36 main executives including John Rinehart, Matina Kolokotronis and Tom Hunt . "I was just curious what that is and if those are documents that should go to somebody else," Wegzyn says. Wegzyn had also found a couple of K-1 tax forms listing Golden 1 and Kaiser Permanente as partners in SSP, which seemed peculiar given that credit unions and health care consortiums don't make a habit of investing in beach houses with basketball executives. On this Wikipedia the language links are at the top of the page across from the article title. These three executives join Chief Strategy Officer Joe Dumars, Assistant General Manager Ken Catanella, Vice President of Athlete Health and Performance Teena Murray and Vice President of Kings Academy and Professional Development Galen Duncan in rounding out McNairs management team. A few minutes after he hangs up, his mother-in-law, Nancy, is standing at the front door when an FBI investigator appears, asking to speak to Jeff.Editor's PicksInside the NBA's silent tension surrounding Daryl Morey3yKevin ArnovitzFrom the archives: How former ref Tim Donaghy conspired to fix NBA games3yScott Eden1 Related. 2019: Begins seven-year sentence. "You could come work for us," Sommercamp told Wegzyn. Officials from Golden 1, Kaiser Permanente and Van Wagner declined to comment. In December, David pleads guilty to wire fraud and aggravated identity theft charges. Federal prosecutors in Sacramento, California, on Wednesday filed charges and a plea agreement signed by former chief revenue officer Jeffrey David admitting to forging the team president's signature to divert sponsorship payments to a bank account he controlled. 49ers announce new multi-year broadcast partnership with Sactown Sports IN 2009, WITH the NBA in the headwinds of the global recession and rumors of a Kings relocation swirling, David was a man with growing concerns. On July 5, 2016, Golden 1 wired $9 million to SSP. Confirm that your trade proposal is valid according to the NBA collective bargaining agreement. 2011: Named Kings CRO Jeff arrived at the soiree with Kate, who found the whole affair conspicuous, a bit ridiculous, a different kind of life. Legality of League Punishments of Team Executives NBA NFL MLB NHL The Kings, by contrast, are struggling to convince rival teams that . Nearby, a shrine commemorated Ranadive's meetings with global celebrities. She searched David's emails for any connection to the address in Manhattan Beach or Sacramento Sports Partners. Kaiser agreed, and on Aug. 19, 2015, David invoiced the company on Sacramento Kings letterhead, payable not to the Kings but to his SSP account. Amidst the discussion around who the Sacramento Kings draft with the No. It also gave David an opening. Per team policy, terms of the deal were not . For several more hours, Rich tries to pierce Jeff's logic, while Nancy reassures the family that Jeff is redeemable. [5] From 2006 to 2007, he was a sports programmer and researcher at STATS LLC. The 29-year-old Holmes, who is in his eighth NBA season, was accused of domestic violence by his ex-wife last March. In the 2021 NBA Draft, McNair and the Kings showed they wanted to improve their defense after having a historically bad defensive year. - Plan and execute . Also, she wondered, why would a business whose name suggests it's an arm of the Kings write off a golf cart at a beach house near Los Angeles? Jeff volunteers that Golden 1 and Kaiser Permanente, two major sponsors with the Kings, are partners. 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 . It occurs to the U.S. attorneys that David might not realize it's that conversation that implicated him. We use cookies and other tracking technologies to improve your browsing experience on our site, show personalized content and targeted ads, analyze site traffic, and understand where our audiences come from. Watch on ESPN+. Grizzlies-Clippers, 10 p.m.Wednesday "I knew how the Kings operated," David says. Sacramento Kings News, Scores, Status, Schedule - NBA Shubb, an 81-year-old who has presided on the bench in the Eastern District of California since 1990, expresses deep skepticism over whether David's contention that he planned to pay back the money is plausible. "What happened with Golden 1 and Kaiser probably doesn't happen with American Airlines or Bank of America," says a top NBA team executive. SACRAMENTO, Calif. A former executive with the Sacramento Kings has been sentenced to seven years in prison for stealing millions of dollars from the NBA team, according to the U.S.. What Wegzyn didn't yet have were whatever contracts David had drawn up to lure Golden 1 and Kaiser Permanente into his scheme. IN JANUARY 2019, top business-operations executives from the NBA and its 30 franchises congregate in Miami for the league's annual sales and marketing meetings. Director, Basketball Administration, Robbie LemonsSr. Sacramento Kings, Kansas City Kings, Kansas City-Omaha Kings, Cincinnati Royals, Rochester Royals, Seasons: This meant that one of his three kids was deprived of the innocent pleasure of toting home and choosing a name for this shiny, breathing doubloon swimming around in a plastic bag. Rich shifts into fix-it mode, calling attorneys he knows back at home in Ohio, leaving messages because it's after midnight on a Tuesday morning. He strongly suspects he's the perpetrator of a felony. That August, the Kings also agreed to a 10-year, $28 million sponsorship deal for their new training facility with Oakland-based nonprofit health care provider Kaiser Permanente. Sacramento Kings Company Profile: Acquisition & Investors | PitchBook Sacramento Kings. Select the first team from the drop down menu. The masculine minimalism looked familiar to anyone who has walked into a boutique hotel in the past decade. NBA executives believe Kings could trade No. 4 pick for immediate help Wilcox will support General Manager Monte McNair in all facets of front office operations including roster construction, strategy and player evaluation. Partners in the Kings' ownership group arrived to games via private jet from one of their multiple homes, while others showed up in limousines or $100,000 sports cars. Get browser notifications for breaking news, live events, and exclusive reporting. 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. David filed this information away. What he then did with that money proved far more problematic. Contact Us | NBA.com Kate, a chronic worrier about the Davids' growing family, could rest easier knowing he'd secured their future. When asked whether David's scenario sounds plausible, business operations executives from six NBA teams say they find it far-fetched. Golden 1 Center | 500 David J Stern Walk | Sacramento, CA 95814Phone: 888-91-KINGS, Matina KolokotronisChief Operating Officer, John RinehartPresident, Business Operations, Becky Beland McNaughtSVP, Communications and External Affairs, Fernando VegaVP, A/V & Broadcast Production, Kari IdaVP, Communications and Public Relations, Mike HerreraVP, Corporate Partnership Sales & Service, Kindra Montgomery-BlockVP, Diversity, Inclusion & Social Impact, Maritza DavisVP, Experiences & Social Responsibility, Justin PetkusVP, Ticket Sales & Membership Services, Jason WiseSr. NBA.com is part of Warner Media, LLCs Turner Sports & Entertainment Digital Network. The Kings are closing in on the Memphis Grizzlies in the standings. In his five years in Houston, he served in a variety of scouting roles including Director of Scouting with NBA G Leagues Rio Grande Valley Vipers (2009-11). If you are having difficulty accessing any content on this website, please visit our Accessibility page. 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. "We are always happy . 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. "You know what you did. She was consumed by the chase but also suffering from periodic pangs of doubt. Sacramento Kings Executives | Basketball-Reference.com 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! Former Sacramento Kings executive Jeffrey David was responsible for creating streams of revenue for the team. The organization did not provide those numbers. Grizzlies-Clippers, 10 p.m. Mavericks-Pelicans, 7:30 p.m. 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. Jul 2019 - Present3 years 9 months. Sacramento Kings | TeamWork Online Connect with 1,200+ employers from the NFL, NBA, MLB, NHL, MLS, college athletics, sports tech startups, agencies, arenas, and more Sign in Join Now Sacramento Kings All CategoriesCommunications/Community RelationsFacility Operations/Event StaffMarketingTicket Sales and Services Sommercamp wants to know who these investors are. She was leaving town in less than 48 hours to drop her daughter off at college in the Pacific Northwest, and she desperately wanted some clarity. Rich and Nancy become incredulous. "This was a long, sophisticated course of conduct that required registering LLCs with the state, opening commercial mailboxes in the LLC's name, using the identities and the good names of prominent regional businesspeople, signing their names on LLC documents unbeknownst to them, and using their identities to perpetuate fraud," he says. What did you do?! The cash used in the purchases was almost entirely the millions sent to Jeff by Golden 1 and Kaiser Permanente. The San Francisco 49ers today announced a new multi-year broadcast partnership with Sactown Sports 1140AM, the local sports leader for the Sacramento metropolitan area. A former executive from the NBA's Sacramento Kings has been accused of taking $13.4m from two sponsors, according to The Sacramento Bee. I'll tell you that," Peterson said. "It seems to come down to around 20- or $25,000 a month," Stone said. "I'm in really big trouble," Jeff says to Kate's mother, Nancy, and her partner, Rich. McNair hopes to bring stability to the organization. We had an arrangement and we agreed upon it, then everyone moved on.". He had launched the first in a series of grifts that would grow from thousands to millions of dollars. 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. On this Monday, walking through the Davids' new front door is a dizzying procession of cable guys, utility workers and movers. What if I'm wrong? NBA executives believe Kings could trade No. David had answered the unsolicited call from Van Wagner, so no one else with the Kings would have had knowledge of the discussion. Copyright 2000-2023 Sports Reference LLC. Less than four years after siphoning off $30,000 in courtside signage, David had now stolen $13.4 million from the Kings and their top corporate partners. All content 2000-2023 RealGM, L.L.C. Later on, she found a $9 million deposit from Golden 1. Golden 1 Center in Downtown Sacramento Andrew Nixon / Capital Public Radio Paul Elias, Associated Press (AP) A former Sacramento Kings top executive agreed Wednesday to plead guilty to. All the money's there. 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. Like most, they thought that the Kings were donating the shuttered arena to the state for free. Select the third team from the drop down menu. After a short night's sleep, the family returns to the house in Pinecrest the next morning to rebox their belongings. In doing so, the credit union left itself exposed to a mistake a more sophisticated entity might have avoided thorough due diligence. Matina Kolokotronis - Wikipedia "Why is all of our money gone?!" Amidst the discussion around who the Sacramento Kings draft with the No. All content 2000-2023 RealGM, L.L.C. David left for a brief stint with the NBA league office before returning to Sacramento in 2011 as CRO. While Peterson and Stone left the Kings organization in 2006 and 2009, respectively, they said they've spoken with several other former executives who are still working in the industry. She finally learns that there's a freeze on the family account. While attending college, McNair was a wide receiver on the football team. 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. As the person principally responsible for selling associations to these famous athletes, David was a fixture on the event level, too. When the FBI arrived Wednesday afternoon, the Kings were armed with troves of documents unearthed and organized by Wegzyn -- a binder with all the correspondence, the tax documents, the bank statements, anything she could get her hands on. Leaving out pertinent facts will be considered a lie. January 24, 2022 12:01am A Sacramento Kings executive was fined by the NBA for in-game actions, raising a complicated legal question. - Develop Fan Experience strategy to sell $100k in experiences through the Kings App. Six seasons split between Kansas City and Omaha, and then seven more in just K.C. Could this trade come down to the wire a la Jimmy Butlers exit from Chicago to Minnesota? Or write about sports? "Let's close some phone numbers" in David-speak meant he wanted the Kings' sales team to craft some seven-digit sponsorship agreements. During negotiations, Golden 1 CEO Donna Bland suggested that if the Kings needed more cash up front, Golden 1 could be in a position to accommodate. Mavericks-Pelicans, 7:30 p.m. Sommercamp asks Jeff how he found the money to buy it. Sacramento Kings Announce the 4 Finalists in Capitalize: Technology Four blocks down L Street was the capital of the world's fifth-largest economy, and the lobbyists who grease the wheels of that engine were there at one of 41 exclusive parties per season. Stacy and Mark bid schmaltzy parental farewells to their daughter, whom they settled at school, then reversed course back to Sacramento. When it came time to bill the buyer, David used the Kings' standard invoice template but had Van Wagner make three payments, totaling about $30,000, to SSP. They wanted to go local. "We're partners. Raptors-Clippers, 10 p.m. His style wasn't for everyone. Team Names: One team president says the franchise initiated a full audit of its operations days after the story became public. Tools and Resources Used by Real General Managers. We're going through an audit, and I'd like to see if you can send me a list of all payments made to my organization over the last five years.". Multiple sources in Sacramento portray Golden 1 as an institution eager to make a splash in the market it has championed passionately. As Wegzyn navigated a morass of files in David's old directory, she hadn't been able to discern an organized system, so she'd had to open things one by one. Tools and Resources Used by Real General Managers. A year later, David reached back out to Bland to inquire whether her offer for an upfront payment still stood. U.S. Attorney's Office, Eastern District of California SACRAMENTO, Calif. Jeffrey R. David, 44, was sentenced today by U.S. District Judge William B. Shubb to seven years in prison for wire fraud and aggravated identity theft, U.S. Attorney McGregor W. Scott announced. SACRAMENTO, Calif. (CN) - Capping a corporate embezzlement scheme executed inside the headquarters of a major sports franchise, a federal judge on Monday sentenced a former Sacramento Kings executive to seven years in prison for a series of white-collar crimes. He has six months before returning to Sacramento for sentencing. (4/8/20), Coronavirus Help: Kings Players To Donate More Than 1,000 Meals To Community, CBS Sacramento, 4/8/20, Kings players have had to stay ready for the return of basketball on their own but that doesn't mean they aren't staying together in other ways. 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. Raptors-Clippers, 10 p.m. *All times Eastern. A History Lesson For Sacramento: How Kansas City Lost The Kings - Deadspin In scouring David's correspondences, it appeared as if he'd been working to sell one of the properties. Choose at least two teams from the menus below to start your trade. Sacramento Kings: Former exec pleads guilty to defrauding team - Sports 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. David is operating under the hope that by cooperating, he can work out a favorable deal. The Kings selected Tyrese Haliburton with the 12th pick in the 2020 NBA Draft. The news first broke in August 2018, when the Sacramento Bee's Sam Stanton and Darrell Smith revealed David's scheme to siphon $13.4 million from Kings sponsors Golden 1 Credit Union and . Ex-Sacramento Kings Exec Gets 7 Years for $13M Fraud Scheme "You're going to go to prison," Kate says. Matina Kolokotronis serves as the Chief Operating Officer (COO) of the Sacramento Kings. Later that Wednesday, Wegzyn reached out to Golden 1 and Kaiser Permanente to learn more. Please also read our Privacy Notice and Terms of Use, which became effective December 20, 2019. Description Operator of a professional basketball team. During Pitch Day, the Top 8 presented their companies to a panel of successful entrepreneurs, executives and investors including: John Rinehart, Sacramento Kings President of Business Operations "It tells a better story.". "He'd open meetings with 'It's Money Monday!' If you are having difficulty accessing any content on this website, please visit our Accessibility page. 2022 season schedule, scores, stats, and highlights. "Does this have anything to do with those FBI agents today?". She wanted to move quickly. Former Kings Vice Presidents Tom Peterson and Mark Stone said they spoke with other VPs and former owners who, they say, shared their concern. Whether it's a $20,000 signage buy with Van Wagner, a shipment of basketballs or a $110 million sponsorship deal, most NBA organizations have a rigorous system that tracks every purchase and sale. The Sacramento Bee's Jason Anderson dove into the Kings' perspective further. Sacramento Kings Executive Salaries | Comparably When Golden 1 remitted its first scheduled annual payment, it did so to SSP -- not the Kings. This is the first moment when Kate, remarkably stoic throughout the 90-minute sentencing, visibly cries. Disgraced former Sacramento Kings executive Jeffrey David has been handed a seven-year jail sentence after being found guilty of stealing $13.4 million USD from the NBA franchise. Sacramento Kings | TeamWork Online 60 activities a day, usually cold calls but they allow you to choose what kind of client you reach out to. Still, to Nancy and Rich, he seems oblivious to the depth of his crime. McNair grew up in Oak Park, California, and attended Oak Park High School. "That explanation rings hollow for me," Stone said. Org Chart Sacramento Kings - The Official Board The U.S. attorney's office and others in law enforcement praise the Kings for swiftly responding to what Wegzyn uncovered. Wegzyn asked Thomas to set up a meeting. "It's like a money grab.". Former Sacramento Kings executive to serve 7 years in prison for - KXTV 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. Knowing that this is a draft class where frankly mock drafts change every single day outside of lottery numbers 1-3, Sacramento has an opportunity to find generational talent in a youth like Jaden Ivy, Shadeon Sharpe, and Keegan Murray. "They're not providing any of that. 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. 'Whatever seed we are, we're ready': Is there room for Cleveland among the East elite? On the flip side of the coin, those young talents can be the fire starters for other key franchises who are on a looking to move up in the draft, specifically the lottery, and give the Kings more stability rather than more super team, just young.. Per team policy, terms of the agreements were not disclosed. Suns-Mavericks, 1 p.m. (ABC) the official stats partner of the NBA, NHL and MLB. 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. Bringing decades of experience in sports and government law, community affairs and contract negotiations, Kolokotronis' leadership has been integral to the development of the state-of-the-art, Golden 1 Center as well as its adjacent, $500 million mixed-use development project, Downtown Commons. "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. Michael McCann Jan. 496 followers 493 connections. But on his way out, he had left behind a digital trail. 2023 CBS Broadcasting Inc. All Rights Reserved. He is an Arizona State University alum (2006) and earned a Masters of International Business from the University of St. Thomas (2007). Select the first team from the drop down menu. 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. Ex-Sacramento Kings exec gets 7 years for siphoning $13.4M To offset the $9 million, David altered the payment schedule of the initial agreement, again forging Granger's signature. After former Kings GM Vlade Divac, Kings assistant GM Peja Stojakovic, and Stockton Kings GM Anthony McClishand stepped down in late 2020, the Kings organization made Joe Dumars their interim executive vice president of basketball operations. Before that, he served as a Referee Operations Analyst at the NBA league office (2013-15). [4], McNair earned a Bachelor of Science degree in computer science from Princeton University in 2006. Duality underpins practically everything about the brief existence of the KD, Harden and Kyrie Nets. Her name is Stacy Wegzyn, and she works in HR. The company owns and manages professional basketball teams and competes in the National Basketball Association as a member of the Western Conference Pacific Division. Given the team's near departure from Sacramento numerous times over the previous few years -- including the stay of execution that had wrested the team back from Seattle in 2013 -- the Kings saw large-scale sponsorship deals as more than just an opportunity to cash some checks. decisions (usually the general manager) are listed. (4/17/20), Cody Demps continues to stay ready amid the suspended G League season and took on a Kings Guard Gaming member in an NBA 2K20 game. Choose at least two teams from the menus below to start your trade. AZ, CO, CT, IL, IN, IA, KS, LA, (select parishes), MD, MI, NH, NJ, NY, OH, OR, PA, TN, VA, WV, WY, CA-ONT only.Eligibility restrictions apply. All rights reserved. A portion of the monthly rate will go to offset annual costs associated with owning the property (which are over six figures monthly and over seven figures annually) and any revenue that the team will forgo (i.e. 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. [15] "That was a man, this is taking me back. Only the executives in charge of player personnel Another said David had a casual relationship with the truth, the type of person who claimed, semiseriously, to be the inventor of phrases like "Cali Love. 4 overall pick in the 2022 NBA Draft, the discourse of shopping the pick has been a quiet Plan B that league executives say might be closer to the clipboard than the Kingdom knows. Duality underpins practically everything about the brief existence of the KD, Harden and Kyrie Nets. The team's star, DeMarcus Cousins, earned $17 million. Jeff calls Sommercamp and puts him on speakerphone. His life is seemingly picture-perfect. Former Sacramento Kings executive Jeffrey David submitted a letter seeking leniency last week, ahead of his sentencing in connection with a case where he stole money intended for team. "I've got something really crazy going on at work," she said. Starting in 2026, the annual installments due on July 1 of each year were reduced by either $500,000 or $1 million for the duration of the deal. It's no surprise that Sacramento would be willing to package Buddy Hield, Marvin Bagley III and multiple. Maybe 2015? They state that a lengthy sentence would be an act of vengeance with no practical purpose. "No, no, no," Jeff responds. Wilcox will serve as Assistant General Manager, Jabour as Vice President of Player Personnel and Johnson as Director of Basketball Operations and General Manager of the teams G League affiliate, the Stockton Kings.

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