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Select the third team from the drop down menu. 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. 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. "The Sacramento Kings, Stockton Kings, Kings Guard Gaming and Golden 1 Center have joined forces to educate, entertain, provide support and bring acts of kindness or "Kings-ness" to the community," a spokesperson said in an email. Tech titans helped themselves to sushi, while guests roamed downstairs on Ranadive's sunken basketball half court. The reality is there are only four real contenders. 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. Stacy and Mark bid schmaltzy parental farewells to their daughter, whom they settled at school, then reversed course back to Sacramento. Subscribe to Stathead Basketball: Get your first month FREEYour All-Access Ticket to the Basketball Reference Database. 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. 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. 'Whatever seed we are, we're ready': Is there room for Cleveland among the East elite? Join our linker program. But it did ultimately prove useful. "I'll go to the FBI. [5] From 2006 to 2007, he was a sports programmer and researcher at STATS LLC. One executive in the finance department of an NBA team says, "We invoice everything -- even signed contracts. A former top Sacramento Kings executive was sentenced Monday to seven years in prison for siphoning $13.4 million from the team. 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 . 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. Former Sacramento Kings executive Greg Van . I'll tell you that," Peterson said. Watch on ESPN+, Follow Zion, Ja, RJ, De'Andre, Coby and more top rooks as they balance basketball and life during an exciting NBA season. For each of our 1,114,789 listed executives, discover their exact roles and their biographies. After a short night's sleep, the family returns to the house in Pinecrest the next morning to rebox their belongings. 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Fifteen years in Cincinnati. How do you repay money to a team that doesn't know anything has been stolen? It's a schmoozy industry conclave where David had once thrived, and this year he is at the center of attention in absentia. I'll call them tomorrow. But on his way out, he had left behind a digital trail. The mutual trust between David and the sponsors was unassailable -- enough to even navigate a snafu that could have derailed his entire scheme. - Develop Fan Experience strategy to sell $100k in experiences through the Kings App. 2009: David sets up SSP Nearby, a shrine commemorated Ranadive's meetings with global celebrities. 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? David now lives at the Federal Correctional Institution in Morgantown, West Virginia, where pleasures are smaller and infrequent. 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. He was bright and self-motivated, with a keen understanding of the industry -- not a man in need of micromanaging.The NBA on ESPN and the ESPN AppSunday The Kings were heavily favored to either draft Purdue's Jaden Ivey among. "Our money is frozen," Jeff says as Kate listens. Select the first team from the drop down menu. "It's like a money grab.". Wegzyn was aware of other entities associated with the Kings' basketball and real estate assets, but this one didn't sound familiar. 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.". Choose at least two teams from the menus below to start your trade. CBS13 asked the Kings to disclose their actual monthly expenses for Sleep Train Arena, not including utilities and staffing that the state is paying for in addition to the $500,000 monthly rent. The amount represented a relatively small sum for a franchise that would generate some $13 million in sponsorship revenue that season. 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.. "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. IT WAS ONLY one document -- one ordinary little document -- that Stacy Wegzyn had needed from Jeff David. Jeffrey David, 44, the team's former chief revenue officer, pleaded . According to . After restitution is paid to the Kings and other wronged parties, the remaining money goes to an asset forfeiture fund that compensates crime victims. Former Sacramento Kings executive Jeffrey David was responsible for creating streams of revenue for the team. The most persistent item for debate has been the extent to which this fraud could've happened to any team. [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. 496 followers 493 connections. He has an adoring wife of almost 10 years, three healthy children. The SPORTS REFERENCE and STATHEAD trademarks are owned exclusively by Sports Reference LLC. Sommercamp asks Jeff how he found the money to buy it. They are members of the Pacific Division of the Western Conference in the National Basketball Association (NBA). 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. All content 2000-2023 RealGM, L.L.C. Sacramento Kings Executives 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: 2689-3212, .456 W-L% Playoff Appearances: 29 Championships: 1 Sacramento Kings Franchise Index Year-by-Year Stats Basic Stats Team Stats Jeffery R. David, the former Chef Revenue Officer of the NBA When the session breaks, David's family and friends commiserate with him, but Kate doesn't move. Our reasoning for presenting offensive logos. 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. (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. 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. Still, to Nancy and Rich, he seems oblivious to the depth of his crime. Johnson will lead Stocktons front office and have a hand in multiple aspects of Kings basketball operations. Sacramento Kings event. ", Wegzyn presses on. 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. Then drop a silly rap lyric about an account.". On September 17, 2020, the Sacramento Kings announced the hire of McNair as the general manager and president of basketball operations. 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. 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. 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. If he knows that -- or senses it -- he doesn't let on. Then Sacramento's vice president of corporate . Every Sports Reference Social Media Account, Site Last Updated: Saturday, March 4, 6:46PM. 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. "I need you to listen to me.". January 24, 2022 12:01am A Sacramento Kings executive was fined by the NBA for in-game actions, raising a complicated legal question. Kate dials Bank of America, whose reps bounce her around the after-hours customer service labyrinth. [12][13] The group will join Ken Catanella, who remains with the team as an assistant GM. Odds & lines subject to change. Find out more. We, however, are providing the use of the team's former practice facility at no cost. Her bank accounts had been frozen. [6], In 2007, McNair joined the Houston Rockets as the basketball operations senior analyst. As Rich pleads with Jeff, Kate rouses from her trance, shock replaced by resignation. 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. Wegzyn and the Kings brass realized it was time to escalate this homegrown investigation. One Kings co-worker considered him the sort of oleaginous salesman who'd go into business with anyone. Our intent was, and is, to continue to use our platform for good and to help support our community. That is why they made several moves at the trade deadline. 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. Raptors-Clippers, 10 p.m. *All times Eastern. 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. NBA executives believe Kings could trade No. 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. 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! While working for the Rockets team, his organization reached the NBA playoffs for eight consecutive years, including two Western Conference Finals appearances. "What happened with Golden 1 and Kaiser probably doesn't happen with American Airlines or Bank of America," says a top NBA team executive. David contends that from the moment he diverted funds from Golden 1 and Kaiser Permanente, he intended to repay the money. 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. Amidst the discussion around who the Sacramento Kings draft with the No. "They're not providing any of that. 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. Rich tells Jeff it's imperative that he get legal protection. 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. This is the first moment when Kate, remarkably stoic throughout the 90-minute sentencing, visibly cries. McNair hopes to bring stability to the organization. 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. It's a seemingly innocuous inquiry from an HR lifer. The Kings, by contrast, are struggling to convince rival teams that . "That explanation rings hollow for me," Stone said. 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. The Kings, in possession of the original contract, never saw the altered version. 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. Golden 1 Center | 500 David J Stern Walk | Sacramento, CA 95814. I have to stay with this. 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 Kings Vice Presidents Tom Peterson and Mark Stone said they spoke with other VPs and former owners who, they say, shared their concern. He tries to establish a personal rapport with the government's lawyers, but few professions are more impervious to a salesman's charm than that of government lawyer. Former Sacramento Kings executive Jeffrey David was sentenced to seven years in prison on Monday after he pleaded guilty to embezzling more than $13 million from the team's sponsorship deals . The organization points to its "In This Together" initiative. Nick Cahill / June 24, 2019. 2022 season schedule, scores, stats, and highlights. There's no real cost to them," Stone said. 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. 4 on Thursday's NBA Draft, making a huge pivot than what was expected of them. Officials from Golden 1, Kaiser Permanente and Van Wagner declined to comment. The family feels that seeing their father in a state of incarceration would be too traumatic for his kids. "I've got something really crazy going on at work," she said. Duality underpins practically everything about the brief existence of the KD, Harden and Kyrie Nets. [16], List of National Basketball Association team presidents. 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. The organizational chart of Sacramento Kings displays its 36 main executives including John Rinehart, Matina Kolokotronis and Tom Hunt . 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. David and his legal team had hoped for a sentence not much longer than two years, but Shubb hands down a term of seven. ATHERTON, CALIFORNIA, IS the cradle of Silicon Valley, the second-richest ZIP code in the U.S. and the site of Kings managing partner Vivek Ranadive's 2016 Christmas party. Call 1-800-GAMBLER. What did you do?! The Sacramento Kings announced today that Wes Wilcox, Phil Jabour and Paul Johnson have been added to the team's basketball operations group. And he becomes emotional when he speaks on his own behalf, pausing to collect himself as he conveys remorse to the court. Suns-Mavericks, 1 p.m. (ABC) According to Marc Stein on The Stein Line, while the Sacramento Kings recently have proclaimed their intent to build around De'Aaron Fox and Tyrese Haliburton, there's a 'sense among some rival executives' that Fox is actually still 'gettable' in trade discussions. 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 Jeff wears a double-vented navy suit, whiskey-colored shoes and thick-framed glasses; Kate is in a black dress. 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. Across the courtroom, the U.S. attorney's team readies itself to argue that Jeff David should serve nine years in federal prison. All logos are the trademark & property of their owners and not Sports Reference LLC. Sacramento, California, United States Hand-picked to serve as an executive assistant to the Senior Vice President of Marketing and Chief Technology officer offering administrative leadership. 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. 75; A surge of adrenaline jolted through Wegzyn's body. There have been so many weird things that have happened over the years with this club, which was incredible in . What if I'm wrong? 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. She also noted that the Kings were one of many teams that agreed to pay game-day workers through the month of March and that they donated nearly 3,000 pounds of excess stadium food. 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. Watch our How-To Videos to Become a Stathead, Subscribe to Stathead and get access to more data than you can imagine. "I knew how these other companies operated. In September, $4.4 million landed in the account of SSP. It occurs to the U.S. attorneys that David might not realize it's that conversation that implicated him. "I'm going to tell you, but I need you to hear me out," he says. "I think you're making too much of this," Jeff says. Among the weak links, they say, was the Kings' finance department. Sacramento Kings Staff & Executives - RealGM Sacramento Kings Staff & Executives Team: Season: Current | Historical View: Person View | Grid View 216 staff members found.