Joelle Terry Senior Vice President, Communications Joelle Terry serves as the Senior Vice President, Communications of Sacramento Kings. "I knew how the Kings operated," David says. Why did Jeff David steal $13.4M from the Kings? I'll call them tomorrow. Get the box score, shot charts and play by play summary of the Clippers vs Kings, March 3, 2023. They were a massive disappointment, yes, but also so transcendent for brief moments. The 29-year-old Holmes, who is in his eighth NBA season, was accused of domestic violence by his ex-wife last March. Jabour made his NBA debut as Daryl Moreys first scouting/personnel hire with the Houston Rockets in 2006. I'll tell them the whole story and show them where the money is. Tools and Resources Used by Real General Managers. 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. Jeff tells her that's unlikely. Now he was a part of the action with his most wealthy counterparts, demonstrating to himself that he could succeed at the art of investment. Nearby, a shrine commemorated Ranadive's meetings with global celebrities. 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 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. Owner Vivek Ranadiv said, "I am excited to bring his extensive experience and vision onboard to lead our basketball operations department. "This is Stacy with the Kings," she told the rep in accounts payable at each organization. What he then did with that money proved far more problematic. 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. ", 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.". "Our money is frozen," Jeff says as Kate listens. They put up 176 points and 153 points at the end of regulation in a. "I'm going to tell you, but I need you to hear me out," he says. 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. (3/30/20), With Golden 1 Center effectively closed because of COVID-19, the Sacramento Kings had some food on their hands and decided to donate that food to the local community. Former Sacramento Kings executive Jeffrey David was responsible for creating streams of revenue for the team. Wegzyn and the Kings brass realized it was time to escalate this homegrown investigation. Question, Comment, Feedback, or Correction? "I need you to listen to me.". All the money's there. 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 "I'll go to the FBI. In 2012, approaching his 40s, David was earning a low-to-mid-six-figure salary. When Golden 1 remitted its first scheduled annual payment, it did so to SSP -- not the Kings. [4], McNair earned a Bachelor of Science degree in computer science from Princeton University in 2006. Rich shifts into fix-it mode, calling attorneys he knows back at home in Ohio, leaving messages because it's after midnight on a Tuesday morning. The Sacramento Kings are having a rough go with clock operators this week. Jeffrey David, 44, the team's former chief revenue officer, pleaded . Dr. A's weekly risers and fallers: Jeremy Sochan, Christian Wood make the list, NBA Power Rankings: Kevin Durant's return could rock the West, Inside the NBA's silent tension surrounding Daryl Morey, From the archives: How former ref Tim Donaghy conspired to fix NBA games, in a Kings organization often beset by palace intrigue, stay of execution that had wrested the team back from Seattle in 2013, Supplemental Privacy Policy for Singapore. After a few pleasantries, she gets down to business. Stone was there for nine years and was Senior VP of Arena Services under the Maloofs. Jeff volunteers that Golden 1 and Kaiser Permanente, two major sponsors with the Kings, are partners. Subscribe to Stathead Basketball: Get your first month FREEYour All-Access Ticket to the Basketball Reference Database. Or write about sports? With David no longer present to service the Golden 1 account or run interference, the fraud would be nearly impossible to manage. "[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. The U.S. attorney's office and others in law enforcement praise the Kings for swiftly responding to what Wegzyn uncovered. (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. Amid all of this, Jeff receives a phone call from a former co-worker with the Kings. A former top Sacramento Kings executive was sentenced Monday to seven years in prison for siphoning $13.4 million from the team. He has an adoring wife of almost 10 years, three healthy children. 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. "The team almost left the city, and it was the people and companies of Sacramento that kept it there," David says. 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. I have to stay with this. Select the players you wish to trade from the rosters below. Matina Kolokotronis serves as the Chief Operating Officer (COO) of the Sacramento Kings. Neither was. 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.". BACK AT THE rental house in Coconut Grove hours later, Kate logs on to her personal banking app to discover a balance of $0.00. But unbeknownst to the higher-ups, he kept negotiating. Select the second team from the drop down menu. Her name is Stacy Wegzyn, and she works in HR. 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 . A former executive from the NBA's Sacramento Kings has been accused of taking $13.4m from two sponsors, according to The Sacramento Bee. CBS13 requested copies of those lease agreements from the state, most of which appear to be for existing medical facilities, but we did not receive a response by our deadline on Thursday. 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. 2019: Begins seven-year sentence. Kate grasps for any theory, speculating that the agents might have been con artists posing as Feds to fleece the family. The Kings take issue with this characterization. In doing so, the credit union left itself exposed to a mistake a more sophisticated entity might have avoided thorough due diligence. 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. Suns-Mavericks, 1 p.m. (ABC) 2009: David sets up SSP I'll be up soon.". 4 pick for immediate help, De'Aaron Fox scores 33 points to lead Kings past Clippers 128-127. Former Kings Vice Presidents Tom Peterson and Mark Stone said they spoke with other VPs and former owners who, they say, shared their concern. 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. As rewarding as sales work can be on behalf of a pro basketball team, it hadn't satisfied Jeff's thirst for more. It's not going to be a big deal.". 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 . Starting in 2026, the annual installments due on July 1 of each year were reduced by either $500,000 or $1 million for the duration of the deal. "I knew how these other companies operated. ", Wegzyn presses on. Though his crime didn't make him a household name, David has become a cautionary tale among NBA front offices afraid they could fall victim to such a scam. 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. We use cookies and other tracking technologies to improve your browsing experience on our site, show personalized content and targeted ads, analyze site traffic, and understand where our audiences come from. 2016: Purchases beach homes Matina Kolokotronis (born November 21, 1964) is Chief Operating Officer of the Sacramento Kings of the National Basketball Association. IN JANUARY 2019, top business-operations executives from the NBA and its 30 franchises congregate in Miami for the league's annual sales and marketing meetings. 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. 2023 CBS Broadcasting Inc. All Rights Reserved. McNair hopes to bring stability to the organization. One team president says the franchise initiated a full audit of its operations days after the story became public. 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. 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. The team's new vice president of security operations, Dave Thomas, spent nearly 30 years in law enforcement with the FBI and Secret Service. Rich and Nancy become incredulous. IT WAS ONLY one document -- one ordinary little document -- that Stacy Wegzyn had needed from Jeff David. David, 44, siphoned $9 million from the Golden 1 Credit Union and $4.4 million from Kaiser Permanente. The SPORTS REFERENCE and STATHEAD trademarks are owned exclusively by Sports Reference LLC. A former Sacramento Kings executive was sentenced to seven years in federal prison Monday for embezzling more than $13 million from the NBA team. "I'll just give the money back," Jeff says. Partners in the Kings' ownership group arrived to games via private jet from one of their multiple homes, while others showed up in limousines or $100,000 sports cars. Grizzlies-Clippers, 10 p.m.Wednesday But in Sacramento, where those with money are more likely to hide their affluence than flaunt it, this was the single most prominent accumulation of wealth the city saw. 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. I'll tell you that," Peterson 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. The reasons for their failure may have been inherent to the whole project. 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. Please also read our Privacy Notice and Terms of Use, which became effective December 20, 2019. Then Sacramento's vice president of corporate partnerships, David feared he'd have to make ends meet as a private sports marketing consultant. (3/13/20), First published on May 7, 2020 / 10:58 PM. 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. All rights reserved. As Rich pleads with Jeff, Kate rouses from her trance, shock replaced by resignation. No milieu displayed this NBA abundance more than the Lexus Lounge at the Golden 1 Center half an hour before tipoff. 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.. [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. Across the courtroom, the U.S. attorney's team readies itself to argue that Jeff David should serve nine years in federal prison. But on his way out, he had left behind a digital trail. 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. Jeff last remembers sitting in her office in Sacramento just months earlier, being told that the Kings were going to eliminate his position. Confirm that your trade proposal is valid according to the NBA collective bargaining agreement. 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. She searched David's emails for any connection to the address in Manhattan Beach or Sacramento Sports Partners. "It tells a better story.". Raptors-Clippers, 10 p.m. *All times Eastern. He does not believe Jeff is a victim. 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. Everyone will get their money back, and it'll be OK. In its nine years of existence, SSP never undertook any consultancy work. 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. He promptly returned the $6 million and instructed Golden 1 to wire the funds to the Kings' primary account. Call 1-800-GAMBLER. Team Names: One executive in the finance department of an NBA team says, "We invoice everything -- even signed contracts. 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.". JEFF, KATE AND their families arrive at the U.S. 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. Three takeaways from Kings 123-117 win against Thunder, Three takeaways from Kings 124-115 win over Oklahoma City Thunder, Kings waive KZ Okpala, sign PJ Dozier for the rest of the season, 5 takeaways from the Kings beating the Clippers in the second-highest scoring NBA game ever, 3 takeaways from Sacramentos 133-116 win over the Portland Trail Blazers. The organization did not provide those numbers. All content 2000-2023 RealGM, L.L.C. Shubb, an 81-year-old who has presided on the bench in the Eastern District of California since 1990, expresses deep skepticism over whether David's contention that he planned to pay back the money is plausible. Like a bank thief tossing away a dye pack, David reached out to Golden 1 and explained that SSP was the account reserved for finalizing construction of the arena. "Giving back to the community, that was always emphasized in my experience there," Stone said. The Sacramento Kings are celebrating "916 Day" by announcing events and activities for the upcoming 2022-23 NBA Season. ", "What's he talking about?! Sacramento took Keegan Murray at No. Per team policy, terms of the agreements were not disclosed. We have tools and resources that can help you use sports data. Director, Coaching Analytics and Strategy, Melanie StockingSr. Sommercamp asks Jeff how he found the money to buy it. Four blocks down L Street was the capital of the world's fifth-largest economy, and the lobbyists who grease the wheels of that engine were there at one of 41 exclusive parties per season. Director, Digital, Content & eSports, Nicole LoscavioSr. There have been so many weird things that have happened over the years with this club, which was incredible in . 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. Where, according to an article in Fortune, the prison currency comes in the form of tins of cooked mackerel. 60 activities a day, usually cold calls but they allow you to choose what kind of client you reach out to. In December, David pleads guilty to wire fraud and aggravated identity theft charges. One week after her first foray into David's underworld, Wegzyn had struck the mother lode. The company owns and manages professional basketball teams and competes in the National Basketball Association as a member of the Western Conference Pacific Division. On Sept. 7, 2018, the Heat dismiss David. 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. 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. From the front row of the gallery, she stares into the distance. The team gave nearly 3,000 pounds of food to the Sacramento County Office of Education and Sacramento Food Bank. 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.. Find out more. David left for a brief stint with the NBA league office before returning to Sacramento in 2011 as CRO. As the person principally responsible for selling associations to these famous athletes, David was a fixture on the event level, too. His life is seemingly picture-perfect. Between the two of them, they spent nearly 30 years with the Kings. 4 on Thursday's NBA Draft, making a huge pivot than what was expected of them. Nancy speaks with a measured empathy about a man whose adult life she admires. The Kings, who are in third place, are an explosive offensive team; they average a league-high 120.7 points per game. Kate, a chronic worrier about the Davids' growing family, could rest easier knowing he'd secured their future. * 21+ (19+ CA-ONT) (18+ NH/WY). 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. Leaving out pertinent facts will be considered a lie. But this was the nerve center of Jeff's world. 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.. They showed this by drafting Davion Mitchell with the 9th overall pick. Account Executive at Sacramento Kings Sacramento, California, United States. 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. The organizational chart of Sacramento Kings displays its 36 main executives including John Rinehart, Matina Kolokotronis and Tom Hunt . The former Kings executive reportedly ran a sophisticated money-laundering scheme. When asked whether David's scenario sounds plausible, business operations executives from six NBA teams say they find it far-fetched. David offers a broad outline of the Golden 1 and Kaiser Permanente schemes.
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