The amount represented a relatively small sum for a franchise that would generate some $13 million in sponsorship revenue that season. Eastern District of California | Former Sacramento Kings Executive However, they said that few teams are profitable year to year and they note that many businesses will lose money, along with the state. 2023 CBS Broadcasting Inc. All Rights Reserved. Jeff calls Sommercamp and puts him on speakerphone. When asked for the motivation behind the theft, David, years later, gives no unified theory. Later on, she found a $9 million deposit from Golden 1. There have been so many weird things that have happened over the years with this club, which was incredible in . Sacramento Kings Key Executives Name & Title Bio John Rinehart Senior Vice President, Business Operations John Rinehart serves as the Senior Vice President, Business Operations of Sacramento Kings. It also gave David an opening. He joined the Cavaliers in 2003 and held the roles of Advance Scout, College Scout, Pro Personnel Scout and Assistant Coach, prior to his promotion to Director of Player Personnel. 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. The pet stores are closed on Sunday evening, so soon after David mixes three glasses of chocolate milk and prepares breakfast, he corrals the kids into the SUV for a trip to equalize the great goldfish disparity of 2019. The 29-year-old Holmes, who is in his eighth NBA season, was accused of domestic violence by his ex-wife last March. On this Monday, walking through the Davids' new front door is a dizzying procession of cable guys, utility workers and movers. The reality is there are only four real contenders. Follow game Los Angeles Clippers vs Sacramento Kings live coverage, stream information, score online, prediction, TV channel, lineups preview, start date and result updates of the NBA on March 3rd . I have to stay with this. "I wouldn't have been contacting you if the deal was covering their costs," Stone said. It was looking to broker courtside signage for Peak Sport, a sportswear company. It's not uncommon in the NBA for one franchise to buy assets from another -- suites, signage, logo rights -- to construct a multimarket agreement for a corporate sponsor. During this extended playoff drought, the Kings had 10 different head coaches. A year earlier, Jeff had purchased an $8 million home in Hermosa Beach, 20 miles southwest of Los Angeles. Inside the folder were the contents of David's old laptop, which included a PDF with the signatures of Granger, Bland and Rinehart, along with copies of the amendment for the Golden 1 deal and the revised contract with Kaiser Permanente. Account Executive at Sacramento Kings Sacramento, California, United States. You gotta admire Scot's remarkable humility Whenever we talk about the 2000s Sacramento Kings, a.k.a. Description Operator of a professional basketball team. 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. Knicks-Celtics, 7:30 p.m. In the following weeks, attempting to make restitution to the parties he victimized, he boldly pitches the prosecutors on the idea that he could help sell the properties based on his expertise and knowledge of the market. "I'm in really big trouble," Jeff says to Kate's mother, Nancy, and her partner, Rich. TWO DAYS LATER, David sits in Sacramento at a conference table between his two defense attorneys and across from a team from the U.S. attorney's office that specializes in white-collar crime. For each of our 1,114,789 listed executives, discover their exact roles and their biographies. CFOs swap accounts of stress-testing their team's internal checks and balances to protect against potential fraud. Sacramento took Keegan Murray at No. "They're not providing any of that. The Kings have been recognized as one of the top 10 most innovative teams and success in this position is enhanced through the use of premium software such as: Dialpad, Clearslide, OneMob, Salesforce, DialSource, ZoomInfo, and Linked-In Sales Navigator, among others. We, however, are providing the use of the team's former practice facility at no cost. He got to work revising the original paperwork, forging team president Chris Granger's signature and sending a digital file back to Kaiser. With David no longer present to service the Golden 1 account or run interference, the fraud would be nearly impossible to manage. The Sacramento Kings announced today that Wes Wilcox, Phil Jabour and Paul Johnson have been added to the team's basketball operations group. 4 overall pick in the 2022 NBA Draft, the discourse of shopping the pick has been a quiet Plan B that league. * 21+ (19+ CA-ONT) (18+ NH/WY). All logos are the trademark & property of their owners and not Sports Reference LLC. We asked how much they think the Kings should be charging under these circumstances. Their diverse skill sets and unique perspectives will add valuable knowledge and innovative thinking as we focus on executing our vision of building a winning culture in Sacramento.. Flipping these valuable properties -- funded by his pilfering -- gave him that chance. 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. David contends that from the moment he diverted funds from Golden 1 and Kaiser Permanente, he intended to repay the money. When Governor Newsom first announced the Kings offered Sleep Train Arena to help house an expected surge of coronavirus patients, Peterson and Stone were not surprised. 2020 CBS Broadcasting Inc. All Rights Reserved. "Any organization can suffer betrayal by a trusted employee," says Bill Portanova, a former assistant U.S. attorney who was retained by the Kings as an independent investigator. Barnes scores 29 points, Kings beat Thunder for 4th straight Harrison Barnes scored 29 points and the Sacramento Kings beat the Oklahoma City Thunder 123-117 on Tuesday night for their fourth . Kings Finalize Contracts With Three Assistant Coaches Furthermore, the U.S. attorney's office believes the debate over whether David could feasibly repay the funds is irrelevant because he had no intention to do so. We had an arrangement and we agreed upon it, then everyone moved on.". Carson Augostatos - Manager, Loyalty Marketing - Sacramento Kings It's a seemingly innocuous inquiry from an HR lifer. David had neglected to leave the digital document when he'd departed for Miami a few weeks earlier. Kate, a chronic worrier about the Davids' growing family, could rest easier knowing he'd secured their future. $32k-$35k/yr Account Executive, Ticket Sales Job at Sacramento Kings He says he's investigating a real estate title company. All three hires were reported last month by veteran writer Marc Stein and Andscape's Marc J. Spears, but the deals weren't completed until Friday, sources told Anderson.. Christie, 52, played 15 seasons in the NBA . The agent gets more specific, probing the mechanics of Sacramento Sports Partners' formation. When Golden 1 remitted its first scheduled annual payment, it did so to SSP -- not the Kings. Do you have a blog? Select the third team from the drop down menu. Jeff volunteers that Golden 1 and Kaiser Permanente, two major sponsors with the Kings, are partners. 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. 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. All content 2000-2023 RealGM, L.L.C. He has an adoring wife of almost 10 years, three healthy children. After three unsuccessful trials, for your security, your access has to be interrupted for 10 minutes. Director, Coaching Analytics and Strategy, Melanie StockingSr. 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. And now, after her husband has confessed to a monstrous fraud, her mother sits beside her and extends an arm, but she is virtually unresponsive. Mike Brown, left, the new head coach of the NBA Sacramento Kings basketball team poses for a photo with Kings general manager Monte McNair, right, in Sacramento, Calif., Tuesday, June 21, 2022. 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 . Sacramento Kings executive allegedly took sponsorship money David, 44, siphoned $9 million from the Golden 1 Credit Union and $4.4 million from Kaiser Permanente. Corey Pomicpic - Manager, Hospitality & Experiences - Sacramento Kings 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. But I care less what has happened to me and I care more about making sure I've done the right thing for the people I've offended and I've hurt.". The notion that David could orchestrate, say, nine deals valued at an average of $500,000 is, the executive says, fantastical: "It doesn't work like that.". (3/13/20), First published on May 7, 2020 / 10:58 PM. Hours earlier, the FBI had stormed her house. Jeff explains that he's part of an investor group. Sixteen years of failure have given the Sacramento Kings ample time to amass a stunning record of futility spanning two ownership groups, four general managers, 11 coaches, countless players. Suns-Mavericks, 1 p.m. (ABC) Working as an Account Executive at Sacramento Kings in - Indeed Ex-Sacramento Kings Exec Gets 7 Years for $13M Fraud Scheme Or write about sports? Everyone will get their money back, and it'll be OK. 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. David and Golden 1 had a deal structure that included 20 annual payments averaging $5.5 million. Wilcox began his career in the NBA as an intern (2001-02) with the Miami Heat in their scouting and video department, before becoming a Video Coordinator with the New Orleans Hornets in 2002-03. Sacramento Kings Employee Reviews for Account Executive - Indeed Over a nearly four-year stretch in which he was . 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. To learn more or opt-out, read our Cookie Policy. On this Wikipedia the language links are at the top of the page across from the article title. Now, in the wee hours of Wednesday morning, Wegzyn's husband, Mark, found her sitting at her kitchen table, hunched over her laptop. And when Golden 1 would wire $5 million, David says he planned to open up a DBA ("doing business as") account called GoldenOne from which he'd wire the $500,000 shortfall. This agent, John Sommercamp, finds Kate and Jeff in the kitchen, where he tells them they might be the victims of fraud. "It tells a better story.". NBA executive mocks Clippers' acquisition of Westbrook The organization did not provide those numbers. 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. That is why they made several moves at the trade deadline. Sacramento Kings Staff & Executives - RealGM We have tools and resources that can help you use sports data. The Kings, in possession of the original contract, never saw the altered version. They are calling on the Kings to keep with "the long-standing spirit of the organization" and return any profit it is making from the rental agreement back to the state. However, the former VPs point out that the state is paying for those employees on top of the $500,000 rent. [16], List of National Basketball Association team presidents. [5] From 2006 to 2007, he was a sports programmer and researcher at STATS LLC. But the people she heard Jeff speaking with about floorings and fixtures weren't their co-investors -- they were brokers and designers consulting with Jeff about how to improve the homes for maximum return. Select the fourth team from the drop down menu. "The team almost left the city, and it was the people and companies of Sacramento that kept it there," David says. Kings Add 3 Executives to the McNair-Led Front Office Copyright 2000-2023 Sports Reference LLC. Location: Sacramento, California Team Names: Sacramento Kings, Kansas City Kings, Kansas City-Omaha Kings, Cincinnati Royals, Rochester Royals Seasons: 75; 1948-49 to 2022-23 Record: 2691-3212, .456 W-L% Playoff Appearances: 29 Championships: 1 More Franchise Info (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. In 2012, approaching his 40s, David was earning a low-to-mid-six-figure salary. Lakers aiming for sixth seed so they can play Kings in playoffs "I'll just give the money back," Jeff says. 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. Sacramento Kings Executives | Basketball-Reference.com Even the head coach pulled in almost $4 million per season. Matina Kolokotronis - Wikipedia Former Sacramento Kings executive to serve 7 years in prison for - KXTV A week after signing the initial monthly rental agreement, with a $2 million maximum, the state signed an amended agreement which increased the maximum payment to $3 million to cover the cost of paying staff wages in addition to utilities. David had answered the unsolicited call from Van Wagner, so no one else with the Kings would have had knowledge of the discussion. Find out the latest on your favorite NBA teams on CBSSports.com. Our reasoning for presenting offensive logos. THE MOVING VAN from Sacramento chokes its way through Miami's thick August air. Kevin Arnovitz explains what the possible motivations were for former Kings executive Jeff David siphoning millions of dollars from the team. Former Kings executive Jeffrey David explains decision to steal Where, according to an article in Fortune, the prison currency comes in the form of tins of cooked mackerel. 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. Sacramento Kings [ edit] 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. 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. Why did Jeff David steal $13.4M from the Kings? After restitution is paid to the Kings and other wronged parties, the remaining money goes to an asset forfeiture fund that compensates crime victims. McNair grew up in Oak Park, California, and attended Oak Park High School. Amidst the discussion around who the Sacramento Kings draft with the No. In doing so, the credit union left itself exposed to a mistake a more sophisticated entity might have avoided thorough due diligence. [11], In October 2020, McNair hired three employees to his front office: former Hawks GM Wes Wilcox as assistant GM, former 76ers director of scouting Phil Jabour as VP of player personnel, and OKC Blue assistant GM Paul Johnson as director of basketball operations. Tools and Resources Used by Real General Managers. 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. But on his way out, he had left behind a digital trail. Former Sacramento Kings Executives Say The Team Should Not Be Able to Suns-Mavericks, 1 p.m. (ABC) In the matter of Kaiser Permanente's $4.4 million, these executives are even more dubious of David's blueprint to make the Kings whole. Among the weak links, they say, was the Kings' finance department. Tools and Resources Used by Real General Managers. When asked whether David's scenario sounds plausible, business operations executives from six NBA teams say they find it far-fetched. Jeff explains -- the visit from the FBI earlier in the day, the full breadth of the scam. Grizzlies-Clippers, 10 p.m.Wednesday A year later, David reached back out to Bland to inquire whether her offer for an upfront payment still stood. "You're going to go to prison," Kate says. Please enter valid email address to continue. The masculine minimalism looked familiar to anyone who has walked into a boutique hotel in the past decade. He says he believes that the Kings' finance department wouldn't have a concern that the $5.5 million had arrived in two payments as long as the full amount was present. 1948-49 to 2022-23. 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. 4 on Thursday's NBA Draft, making a huge pivot than what was expected of them. He had launched the first in a series of grifts that would grow from thousands to millions of dollars. He spent the 2015-16 NBA season stealing more money than most Kings players earned on the court. Kate grasps for any theory, speculating that the agents might have been con artists posing as Feds to fleece the family. Per team policy, terms of the agreements were not disclosed. Sacramento Kings News, Scores, Status, Schedule - NBA One NBA team controller says it's common practice at any well-run finance department, be it team or sponsor, to call when invoiced to pay an entity for the first time. Kate toggles over to the family's secondary account at Wells Fargo. Team Contact Information. However, their most notable acquisition this season was signing Russell Westbrook after he was bought out of the final months of his . [8][9] Divac and the Kings traded DeMarcus Cousins to New Orleans in 2017 and chose to draft Marvin Bagley III in 2018, one pick ahead of Luka Doncic. The organizational chart of Sacramento Kings displays its 36 main executives including John Rinehart, Matina Kolokotronis and Tom Hunt . Rival executives lauded the Hawks for the hiring of Snyder, according to Michael Scotto of HoopsHype, who spoke to Williams for the latest HoopsHype podcast. She wanted to move quickly. I'll be up soon.". 60 activities a day, usually cold calls but they allow you to choose what kind of client you reach out to. Motivated by such prospects, he'd set up a private entity -- Sacramento Sports Partners. 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.". Johnson will lead Stocktons front office and have a hand in multiple aspects of Kings basketball operations. And it was cold. Sacramento Kings Profile and History . The Sacramento Kings are celebrating "916 Day" by announcing events and activities for the upcoming 2022-23 NBA Season. One longtime team president finds David's plan unconvincing, noting that while franchises aggregate their market power, they're far more likely to swap data of pricing and then share the contact information for the sponsor. Then Sacramento's vice president of corporate . On Sept. 7, 2018, the Heat dismiss David. 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. His life is seemingly picture-perfect. FIFTEEN DAYS BEFORE David begins serving his sentence, a pressing matter lands on his docket. They estimate that the Kings are profiting hundreds of thousands of dollars a month as, in their estimate, the cost to run the shuttered facility is a small fraction of what the state is paying to rent it. 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! (4/28/20), Kings Join 49ers, Other Local Major Sports Team In Donating 50,000 Face Coverings To Health Care Providers, CBS Sacramento, 4/24/20, Harrison and Brittany Barnes are donating $40,000 for weekly groceries to people in need while also providing coffee and pastries for medical workers at Kaiser's South Sacramento Intensive Care Unit. Joelle Terry Senior Vice President, Communications Joelle Terry serves as the Senior Vice President, Communications of Sacramento Kings. On September 17, 2020, the Sacramento Kings announced the hire of McNair as the general manager and president of basketball operations. Phone: 888-91-KINGS. Get the box score, shot charts and play by play summary of the Clippers vs Kings, March 3, 2023. Sacramento Kings Announce the 4 Finalists in Capitalize: Technology 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. As rewarding as sales work can be on behalf of a pro basketball team, it hadn't satisfied Jeff's thirst for more. "The monthly lease amount for Sleep Train Arena (including 4,000 parking spaces) is a discounted rate. JEFF, KATE AND their families arrive at the U.S. IT WAS ONLY one document -- one ordinary little document -- that Stacy Wegzyn had needed from Jeff David. Select the second team from the drop down menu. Golden 1 Center | 500 David J Stern Walk | Sacramento, CA 95814. "It's like a money grab.". Tech titans helped themselves to sushi, while guests roamed downstairs on Ranadive's sunken basketball half court. Sacramento Kings forward Richaun Holmes sued the Sacramento Bee's parent company, McClatchy Co., and Bee opinion writer Robin Epley for defamation over articles that included Mr. Holmes's. Kevin Durant, Kyrie Irving, Karl-Anthony Towns, Kawhi Leonard, Anthony Davis and Brandon Ingram will play outsized roles in how their respective teams close the season. I'll call them tomorrow. 496 followers 493 connections. 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. David says that in his capacity as a top executive with another team, he could have called his counterpart in Sacramento several times over a 10-year period and brokered such deals. Hawks Notes: Resslers, Front Office, Snyder, Young, Bogdanovic | Hoops 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. 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. With each passing hour, she became increasingly convinced that she was headed down a path that would upend David's life forever. Sommercamp asks Jeff how he found the money to buy it. 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. She tells Jeff she's been going through his old files, and in doing so she found one labeled "TurboTax" that references an entity called Sacramento Sports Partners. A surge of adrenaline jolted through Wegzyn's body. 3 min read. Ex-Sacramento Kings Executive Admits To Defrauding Team Kings' Jonathan Quick trade is shocking and risky even if it makes 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. But unbeknownst to the higher-ups, he kept negotiating. 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. Warriors-Lakers, 3:30 p.m. (ABC) 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. - Develop Fan Experience strategy to sell $100k in experiences through the Kings App. Clippers vs Kings, March 3, 2023 | Basketball-Reference.com Unlike Golden 1's advance of $9 million, which produced annual shortfalls later in the deal, Kaiser Permanente's $4.4 upfront payment created no missing money. Before leaving the office that day, Wegzyn had asked John Rinehart, the team's president of business operations, and Gerri Guzman, the team's director of finance, whether they were aware of SSP. Former Sacramento Kings executive Jeffrey David was responsible for creating streams of revenue for the team. Get the latest news and information for the Sacramento Kings. On June 8, 1983, an investment group from Sacramento purchased the Kings. 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. 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. "He knew I was capable of it" - Ex-Sacramento Kings backup center Scot Pollard said Rick Adelman always wanted him to score. 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. 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.
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