It, too, is frozen. Former Sacramento Kings executive Jeffrey David was responsible for creating streams of revenue for the team. Monte McNair is an American sports executive who is the general manager and president of basketball operations for the Sacramento Kings. 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. 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. Phone: 888-91-KINGS. 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. The Kings take issue with this characterization. When Golden 1 remitted its first scheduled annual payment, it did so to SSP -- not the Kings. Maybe 2015? Use without license or authorization is expressly prohibited. Claiming that expenses were piling up as the Kings tried to complete construction of the new arena, David asked Kaiser if it would add a $4.4 million upfront payment in lieu of an escalator. 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! Please also read our Privacy Notice and Terms of Use, which became effective December 20, 2019. We have tools and resources that can help you use sports data. 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. Choose at least two teams from the menus below to start your trade. Kevin Arnovitz explains what the possible motivations were for former Kings executive Jeff David siphoning millions of dollars from the 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. "This happened over many, many years.". "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. Peterson was with the organization for 25 years under three different owners. Wegzyn was aware of other entities associated with the Kings' basketball and real estate assets, but this one didn't sound familiar. 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. Just as Wegzyn returned to the office on Tuesday, confirmation arrived from Golden 1: It had sent a $9 million payment to SSP. 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 She discovered that David had applied for mortgages and included a bank statement to a lender that showed a $4.4 million deposit from Kaiser Permanente. "The King's Foundation does a great job right now. He recently served as an Analyst for NBA TV and SiriusXM NBA Radio, is a 2001 graduate of Cal-State Fullerton and a native of La Habra, California. FOR JEFF DAVID, the summer of 2017 was one of those times when the reality of a man's life surpasses even his dreams. All rights reserved. ", The Kings pointed to a statement from Cal OES spokesman Brian Ferguson, where he said: "The arrangement with the Kings is consistent with what's being done at the other sites.". 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. All content 2000-2023 RealGM, L.L.C. Golden 1 Center | 500 David J Stern Walk | Sacramento, CA 95814. Before that, he served as a Referee Operations Analyst at the NBA league office (2013-15). 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. 2015-16: Golden 1, Kaiser frauds "You could come work for us," Sommercamp told Wegzyn. 2022 season schedule, scores, stats, and highlights. I'll call them tomorrow. "Jeff David was a lone operator.". The next summer, David left the Kings for the Heat. 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. David breaks down during the testimonial from his mother-in-law, removing his glasses and burying his head in his hands. One week after her first foray into David's underworld, Wegzyn had struck the mother lode. Nancy speaks with a measured empathy about a man whose adult life she admires. 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. Joelle Terry Senior Vice President, Communications Joelle Terry serves as the Senior Vice President, Communications of Sacramento Kings. Sacramento Kings Vice President of Basketball Operations and General Manager Vlade Divac today named Dave Joerger as the team's new head coach. 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. [5] From 2006 to 2007, he was a sports programmer and researcher at STATS LLC. The reality is there are only four real contenders. 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. Learn more and register, Scores from any date in BAA/NBA or ABA history, Frequently Asked Questions about the NBA, WNBA and Basketball, Basketball-Reference.com Blog and Articles, Subscribe to Stathead Basketball: Get your first month FREE. She was consumed by the chase but also suffering from periodic pangs of doubt. McNair grew up in Oak Park, California, and attended Oak Park High School. Select the third team from the drop down menu. From the front row of the gallery, she stares into the distance. Get the box score, shot charts and play by play summary of the Clippers vs Kings, March 3, 2023. Jabour made his NBA debut as Daryl Moreys first scouting/personnel hire with the Houston Rockets in 2006. engineers, janitors, food service workers and security officers) to return to work who were previously unable to work due tothestate-mandated closure of Golden 1 Center. With David no longer present to service the Golden 1 account or run interference, the fraud would be nearly impossible to manage. 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. 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 . All the money's there. Jeff volunteers that Golden 1 and Kaiser Permanente, two major sponsors with the Kings, are partners. When asked whether David's scenario sounds plausible, business operations executives from six NBA teams say they find it far-fetched. Matina Kolokotronis serves as the Chief Operating Officer (COO) of the Sacramento Kings. Reading David's email felt invasive, even if Kings employees, like those at most companies, sign away their privacy to people like her. They were a massive disappointment, yes, but also so transcendent for brief moments. Among the weak links, they say, was the Kings' finance department. The family had spent the weekend at the Ohio State Fair, where two of his three kids won goldfish. The 29-year-old Holmes, who is in his eighth NBA season, was accused of domestic violence by his ex-wife last March. 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. Sacramento Kings. Sacramento took Keegan Murray at No. Johnson joins the Kings basketball operations department with seven years of NBA experience, most recently serving as the Assistant General Manager of the NBA G Leagues Oklahoma City Blue. 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. Now, in the wee hours of Wednesday morning, Wegzyn's husband, Mark, found her sitting at her kitchen table, hunched over her laptop. She wanted to move quickly. [15] Officials from Golden 1, Kaiser Permanente and Van Wagner declined to comment. "I knew how these other companies operated. Everyone will get their money back, and it'll be OK. 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." Jeff explains -- the visit from the FBI earlier in the day, the full breadth of the scam. Dec. 2018: David pleads guilty 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. . However, CBS13 also asked how the Kings planned to use the money it is making on the arena during the pandemic. "That explanation rings hollow for me," Stone said. Select the players you wish to trade from the rosters below. Our reasoning for presenting offensive logos. I'll tell you that," Peterson said. He has an adoring wife of almost 10 years, three healthy children. The company owns and manages professional basketball teams and competes in the National Basketball Association as a member of the Western Conference Pacific Division. [1] Kolokotronis is in her 22nd season with the Kings. Jabour will be primarily responsible for overseeing the structure and processes of the scouting department. 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. The Kings are closing in on the Memphis Grizzlies in the standings. A former top Sacramento Kings executive was sentenced Monday to seven years in prison for siphoning $13.4 million from the team. "He'd open meetings with 'It's Money Monday!' The reasons for their failure may have been inherent to the whole project. 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.". "He knew I was capable of it" - Ex-Sacramento Kings backup center Scot Pollard said Rick Adelman always wanted him to score. 25% of those beds (to serve COVID-positive patients) are located in the team's former practice facility adjacent to the arena which was provided to the state at no cost. 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. "I'll go to the FBI. He won't see the children at all for the next several years. 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). 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. Director, Digital, Content & eSports, Nicole LoscavioSr. The U.S. attorney's office and others in law enforcement praise the Kings for swiftly responding to what Wegzyn uncovered. Grizzlies-Clippers, 10 p.m.Wednesday Duality underpins practically everything about the brief existence of the KD, Harden and Kyrie Nets. He got to work revising the original paperwork, forging team president Chris Granger's signature and sending a digital file back to Kaiser. "We're going to lose everything.". 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. 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. 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. Jeffrey David pleaded guilty earlier this year to . "I knew how the Kings operated," David says. Amidst the discussion around who the Sacramento Kings draft with the No. All content 2000-2023 RealGM, L.L.C. It's a schmoozy industry conclave where David had once thrived, and this year he is at the center of attention in absentia. A former Sacramento Kings executive was sentenced to seven years in federal prison Monday for embezzling more than $13 million from the NBA team. 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. 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. What did you do?! What if I'm wrong? On June 8, 1983, an investment group from Sacramento purchased the Kings. It was looking to broker courtside signage for Peak Sport, a sportswear company. Raptors-Clippers, 10 p.m. His style wasn't for everyone. [16], List of National Basketball Association team presidents. From the exposed wall of the lounge, guests watched Kings players dash to and from the locker room and court for warm-ups. Jeff last remembers sitting in her office in Sacramento just months earlier, being told that the Kings were going to eliminate his position. 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. "You're probably not going to get that money back," Sommercamp says. 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? Still, Peterson and Stone don't think the Kings should be allowed to profit off the pandemic. On July 5, 2016, Golden 1 wired $9 million to SSP. 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.". Per team policy, terms of the agreements were not disclosed. Wegzyn asked Thomas to set up a meeting. 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 [6], In 2007, McNair joined the Houston Rockets as the basketball operations senior analyst. 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. FIFTEEN DAYS BEFORE David begins serving his sentence, a pressing matter lands on his docket. (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. 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. 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. I have to stay with this. Get the latest news and information for the Sacramento Kings. Every Sports Reference Social Media Account, Site Last Updated: Saturday, March 4, 6:46PM. 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 . 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 . One Kings co-worker considered him the sort of oleaginous salesman who'd go into business with anyone. If he had truly wanted to return $4.4 million to the franchise, he would have needed to get creative. Nearby, a shrine commemorated Ranadive's meetings with global celebrities. Team Names: Neither was. The previous June, he had purchased a $3.8 million home just blocks from the Pacific Ocean in Manhattan Beach. Logos were compiled by the amazing SportsLogos.net. IT WAS ONLY one document -- one ordinary little document -- that Stacy Wegzyn had needed from Jeff David. 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. "I was just curious what that is and if those are documents that should go to somebody else," Wegzyn says. Anderson, the government's lead attorney at sentencing, lends no credence to David's unrelenting claim that he intended to compensate the Kings, and takes issue with the premise that David committed one or two indiscreet actions. Stone was there for nine years and was Senior VP of Arena Services under the Maloofs. THE MOVING VAN from Sacramento chokes its way through Miami's thick August air. "I can liquidate the properties. This agent, John Sommercamp, finds Kate and Jeff in the kitchen, where he tells them they might be the victims of fraud. Join our linker program. Jeffrey David, 44, the team's former chief revenue officer, pleaded . 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. 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. It's no surprise that Sacramento would be willing to package Buddy Hield, Marvin Bagley III and multiple. "[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. David told his bosses that the Kaiser deal wouldn't include one, a condition they could live with given their satisfaction with the $28 million haul and the lengthy negotiation, according to 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. Prior to Philadelphia, Jabour was a Scout for the Orlando Magic (2012-14) and contributed to collegiate and professional prospect evaluation.
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