Jeff arrived at the soiree with Kate, who found the whole affair conspicuous, a bit ridiculous, a different kind of life. 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. From the front row of the gallery, she stares into the distance. May 7, 2020 / 10:58 PM A former Sacramento Kings executive was sentenced to seven years in federal prison Monday for embezzling more than $13 million from the NBA team. Johnson will lead Stocktons front office and have a hand in multiple aspects of Kings basketball operations. One executive in the finance department of an NBA team says, "We invoice everything -- even signed contracts. (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. If he knows that -- or senses it -- he doesn't let on. To learn more or opt-out, read our Cookie Policy. Before that, he served as a Referee Operations Analyst at the NBA league office (2013-15). 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. Join our linker program. I'll be up soon.". They were a massive disappointment, yes, but also so transcendent for brief moments. 1948-49 to 2022-23. Former Sacramento Kings executive Greg Van . she screams at Jeff, who seems oddly sanguine for a man who suddenly doesn't have the liquidity to order takeout. 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. Select the first team from the drop down menu. 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. Sacramento Kings Profile and History . 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 . 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. There have been so many weird things that have happened over the years with this club, which was incredible in . Sacramento's also failed to field a league-average defense even once since Adelman. 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. 3 min read. Our reasoning for presenting offensive logos. We have tools and resources that can help you use sports data. Jeffrey David, 44, the team's former chief revenue officer, pleaded . 75; CFOs swap accounts of stress-testing their team's internal checks and balances to protect against potential fraud. 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.. 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. In September, $4.4 million landed in the account of SSP. 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. 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. A surge of adrenaline jolted through Wegzyn's body. 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. (These workers are in addition tothe300-400 healthcare professionalsthestatehas hired to work atthefacility.)". [2] Early life [ edit] Born in Chicago, Illinois, Kolokotronis is the second of four daughters born to Greek immigrants. Jeffery R. David, the former Chef Revenue Officer of the NBA In December, David pleads guilty to wire fraud and aggravated identity theft charges. When asked whether David's scenario sounds plausible, business operations executives from six NBA teams say they find it far-fetched. Get the box score, shot charts and play by play summary of the Clippers vs Kings, March 3, 2023. "You know what you did. 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. He says he's investigating a real estate title company. 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. David had neglected to leave the digital document when he'd departed for Miami a few weeks earlier. David had answered the unsolicited call from Van Wagner, so no one else with the Kings would have had knowledge of the discussion. 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.. 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. Prior to Philadelphia, Jabour was a Scout for the Orlando Magic (2012-14) and contributed to collegiate and professional prospect evaluation. In the 2021 NBA Draft, McNair and the Kings showed they wanted to improve their defense after having a historically bad defensive year. The reasons for their failure may have been inherent to the whole project. On occasion, Ranadive walked into the building alongside celebrities such as Drake and Jamie Foxx. It contains the objects of Jeff David's life, all destined for the Davids' new house in the affluent Pinecrest neighborhood. Raptors-Clippers, 10 p.m. His style wasn't for everyone. They are members of the Pacific Division of the Western Conference in the National Basketball Association (NBA). Director, Team Operations, Colin MontagueDirector, Basketball Analytics, Penny ChatzisDirector, Team Player Development, Zac HoweHead Strength & Conditioning Coach, Rachel MackPerformance Chef & Nutritionist. Prior to that promotion, Johnson was a Pro Evaluation Coordinator after having worked in different capacities for the Oklahoma City Thunder since 2015. She searched David's emails for any connection to the address in Manhattan Beach or Sacramento Sports Partners. On this Wikipedia the language links are at the top of the page across from the article title. Choose at least two teams from the menus below to start your trade. ", Wegzyn presses on. This is the first moment when Kate, remarkably stoic throughout the 90-minute sentencing, visibly cries. "It tells a better story.". * 21+ (19+ CA-ONT) (18+ NH/WY). How do you repay money to a team that doesn't know anything has been stolen? The Detroit Pistons (15-48) play against the Cleveland Cavaliers (39-26) at Rocket Mortgage FieldHouse Live Stream: fuboTV (Watch for free) NBA League Pass: The most live games plus NBA TV. He does not believe Jeff is a victim. "No, no, no," Jeff responds. Stone was there for nine years and was Senior VP of Arena Services under the Maloofs. Later that Wednesday, Wegzyn reached out to Golden 1 and Kaiser Permanente to learn more. The company owns and manages professional basketball teams and competes in the National Basketball Association as a member of the Western Conference Pacific Division. For several more hours, Rich tries to pierce Jeff's logic, while Nancy reassures the family that Jeff is redeemable. Jeff last remembers sitting in her office in Sacramento just months earlier, being told that the Kings were going to eliminate his position. Why did Jeff David steal $13.4M from the Kings? McNair was then promoted to director of basketball operations in 2013, VP of basketball operations in 2016, and assistant GM in 2018. Nancy speaks with a measured empathy about a man whose adult life she admires. In its nine years of existence, SSP never undertook any consultancy work. Free Test. A year earlier, Jeff had purchased an $8 million home in Hermosa Beach, 20 miles southwest of Los Angeles. 496 followers 493 connections. "[10], The Kings also interviewed Sachin Gupta (Timberwolves' EVP of basketball operations), Wes Wilcox (Hawks' former GM), and Calvin Booth (GM of the Nuggets) for the position. I'll give it back, and when I do, it'll be OK.". He is an Arizona State University alum (2006) and earned a Masters of International Business from the University of St. Thomas (2007). IT WAS ONLY one document -- one ordinary little document -- that Stacy Wegzyn had needed from Jeff David. Tools and Resources Used by Real General Managers. (3/13/20), First published on May 7, 2020 / 10:58 PM. The organization did not provide those numbers. [1] Kolokotronis is in her 22nd season with the Kings. Then drop a silly rap lyric about an account.". 2023 CBS Broadcasting Inc. All Rights Reserved. The organizational chart of Sacramento Kings displays its 36 main executives including John Rinehart, Matina Kolokotronis and Tom Hunt . 60 activities a day, usually cold calls but they allow you to choose what kind of client you reach out to. 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. Wilcox joins the Kings organization with nearly 20 years of experience in the NBA, including serving as General Manager (2015-17) and Assistant General Manager (2012-15) of the Atlanta Hawks. 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. Raptors-Clippers, 10 p.m. *All times Eastern. (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. Kevin Arnovitz explains what the possible motivations were for former Kings executive Jeff David siphoning millions of dollars from the team. What Wegzyn didn't yet have were whatever contracts David had drawn up to lure Golden 1 and Kaiser Permanente into his scheme. Still, in a Kings organization often beset by palace intrigue, many colleagues found Jeff to be a reassuring voice who preached the virtues of "not sweating the small stuff." Matina Kolokotronis serves as the Chief Operating Officer (COO) of the Sacramento Kings. By choosing I Accept, you consent to our use of cookies and other tracking technologies. Confirm that your trade proposal is valid according to the NBA collective bargaining agreement. They were a massive disappointment, yes, but also so transcendent for brief moments. 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. . One Kings co-worker considered him the sort of oleaginous salesman who'd go into business with anyone. 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. It occurs to the U.S. attorneys that David might not realize it's that conversation that implicated him. Founded in 1923, The Sacramento Kings are a professional basketball team based in Sacramento, California, United States. They put up 176 points and 153 points at the end of regulation in a. The same . Eventually, she'd stumbled onto a folder titled "TurboTax," whose first item was a depreciation schedule for a home. As rewarding as sales work can be on behalf of a pro basketball team, it hadn't satisfied Jeff's thirst for more. Jeff sits on the bed next to his wife and places his hand on her knee. No milieu displayed this NBA abundance more than the Lexus Lounge at the Golden 1 Center half an hour before tipoff. The former Kings executive reportedly ran a sophisticated money-laundering scheme. Wilcox will support General Manager Monte McNair in all facets of front office operations including roster construction, strategy and player evaluation. 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! 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 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.". 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. Confirm that your trade proposal is valid according to the NBA collective bargaining agreement. Multiple sources in Sacramento portray Golden 1 as an institution eager to make a splash in the market it has championed passionately. David contends that from the moment he diverted funds from Golden 1 and Kaiser Permanente, he intended to repay the money. Please also read our Privacy Notice and Terms of Use, which became effective December 20, 2019. Director, Coaching Analytics and Strategy, Melanie StockingSr. Contact Information Website www.kings.com Formerly Known As Rochester Seagrams Ownership Status Acquired/Merged On this Monday, walking through the Davids' new front door is a dizzying procession of cable guys, utility workers and movers. What McNair will do with the pick remains to be seen, as the league is about one month out of the NBA Draft taking place. Knicks-Celtics, 7:30 p.m. "I can liquidate the properties. Peterson was with the organization for 25 years under three different owners. David also doesn't disclose information about the 2012 instance of fraud until Assistant U.S. Attorney Matt Yelovich brings it up. 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 . It also gave David an opening. We had an arrangement and we agreed upon it, then everyone moved on.". A former executive from the NBA's Sacramento Kings has been accused of taking $13.4m from two sponsors, according to The Sacramento Bee. The Kings were heavily favored to either draft Purdue's Jaden Ivey among. 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. Mavericks-Pelicans, 7:30 p.m. "I lost the respect I had," David tells Judge William B. Shubb. Jeff assures her they can trash them because the entity isn't around anymore. But he had a desire for more. Odds & lines subject to change. They state that a lengthy sentence would be an act of vengeance with no practical purpose. 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. "The King's Foundation does a great job right now. "I can't talk about it, but I'm obsessed. David and his legal team had hoped for a sentence not much longer than two years, but Shubb hands down a term of seven. But on his way out, he had left behind a digital trail. The Sacramento Bee's Jason Anderson dove into the Kings' perspective further. Select the third team from the drop down menu. Kate dials Bank of America, whose reps bounce her around the after-hours customer service labyrinth. 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. Motivated by such prospects, he'd set up a private entity -- Sacramento Sports Partners. 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. David's lawyers counter that their client has cooperated fully and presents little risk of recidivism. After restitution is paid to the Kings and other wronged parties, the remaining money goes to an asset forfeiture fund that compensates crime victims. 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. 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 . - Plan and execute . Phone: 888-91-KINGS. 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. "We are always happy . 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 . We expect you to tell us everything you know, and if you plan to do anything apart from that, let's go our separate ways, because lying is worse than telling us nothing at all.". 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. Team Names: ", "Theagreement has also enabled over 100 part-time Kings team members (i.e. 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. But it's one that will dictate the rest of Jeff David's life. 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 . 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. 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. "Does this have anything to do with those FBI agents today?". The team's star, DeMarcus Cousins, earned $17 million. Subscribe to Stathead Basketball: Get your first month FREEYour All-Access Ticket to the Basketball Reference Database. Even the head coach pulled in almost $4 million per season. Kate grasps for any theory, speculating that the agents might have been con artists posing as Feds to fleece the family. According to . He has an adoring wife of almost 10 years, three healthy children. Select the players you wish to trade from the rosters below. [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 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. 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. Johnson played collegiately at La Salle University in the Atlantic 10 Conference, where he was team captain of the mens basketball team and graduated in 2009. Jeff, the former chief revenue officer of the Sacramento Kings, has taken the day off to move after landing a new role as CRO of the Miami Heat. The previous June, he had purchased a $3.8 million home just blocks from the Pacific Ocean in Manhattan Beach. Sacramento Kings Staff & Executives - RealGM Sacramento Kings Staff & Executives Team: Season: Current | Historical View: Person View | Grid View Sort: Staff (A-Z) Col umns: Swipe 215 staff members found. BACK IN COCONUT Grove, in the living room of the house that Jeff and Kate had been renting, Kate lies shivering in a ball on the couch. 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. 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.". If he had truly wanted to return $4.4 million to the franchise, he would have needed to get creative. Duality underpins practically everything about the brief existence of the KD, Harden and Kyrie Nets. If you are having difficulty accessing any content on this website, please visit our Accessibility page. Per team policy, terms of the agreements were not disclosed. All logos are the trademark & property of their owners and not Sports Reference LLC. If you are having difficulty accessing any content on this website, please visit our Accessibility page. Jabour will be primarily responsible for overseeing the structure and processes of the scouting department. 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 The reality is there are only four real contenders. Only the executives in charge of player personnel A spokesperson noted that CBS13 has covered many of their efforts to give back and pointed to several examples of our own coverage ranging from a story about joint effort with the 49ers to donate face coverings for health care providers, to a story about donations of food and money from the Kings players themselves. 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. "It's a Sacramento tradition.". With David no longer present to service the Golden 1 account or run interference, the fraud would be nearly impossible to manage. Do you have a sports website? 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 . $500,000 a month to rent the shuttered Sleep Train Arena, most of which appear to be for existing medical facilities, Public File for KMAX-TV / Good Day Sacramento. "I knew how the Kings operated," David says. Our reasoning for presenting offensive logos. After a few pleasantries, she gets down to business. 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. "Giving back to the community, that was always emphasized in my experience there," Stone said. In doing so, the credit union left itself exposed to a mistake a more sophisticated entity might have avoided thorough due diligence. A year later, David reached back out to Bland to inquire whether her offer for an upfront payment still stood. What did you do?! Select the players you wish to trade from the rosters below. 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.