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Sommercamp asks Jeff how he found the money to buy it. He has an adoring wife of almost 10 years, three healthy children. While working for the Rockets team, his organization reached the NBA playoffs for eight consecutive years, including two Western Conference Finals appearances. Sacramento Kings Profile and History . She wanted to move quickly. 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 . What if this is all legit? 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. 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. 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. The former Kings executive reportedly ran a sophisticated money-laundering scheme. She asks Jeff whether the documents contain anything that anyone with the Kings needs to see. One Kings co-worker considered him the sort of oleaginous salesman who'd go into business with anyone. A former Sacramento Kings executive was sentenced to seven years in federal prison Monday for embezzling more than $13 million from the NBA team. "What happened with Golden 1 and Kaiser probably doesn't happen with American Airlines or Bank of America," says a top NBA team executive. One team president says the franchise initiated a full audit of its operations days after the story became public. Sacramento took Keegan Murray at No. 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. 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. 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. 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. Michael McCann Jan. 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. Tech titans helped themselves to sushi, while guests roamed downstairs on Ranadive's sunken basketball half court. 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. Then Sacramento's vice president of corporate . 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. 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. Jabour comes to Sacramentos front office with 14 years of experience in the league, most recently serving as Director of Scouting for the Philadelphia 76ers where he was heavily involved in day-to-day personnel operations, including talent evaluation, leading intel processes and collaborating with player agents. 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. We had an arrangement and we agreed upon it, then everyone moved on.". Join us for a March Madness Webinar on Tuesday, March 7 at 8pm ET. "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. 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. "Our money is frozen," Jeff says as Kate listens. The family had spent the weekend at the Ohio State Fair, where two of his three kids won goldfish. Everyone will get their money back, and it'll be OK. 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. In 2012, approaching his 40s, David was earning a low-to-mid-six-figure salary. 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. 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. Prior to that promotion, Johnson was a Pro Evaluation Coordinator after having worked in different capacities for the Oklahoma City Thunder since 2015. Duality underpins practically everything about the brief existence of the KD, Harden and Kyrie Nets. So Golden 1 would be getting an invoice for $5.5 million weeks before the payment." 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. JEFF, KATE AND their families arrive at the U.S. 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. 2022 season schedule, scores, stats, and highlights. January 24, 2022 12:01am A Sacramento Kings executive was fined by the NBA for in-game actions, raising a complicated legal question. Contact Information Website www.kings.com Formerly Known As Rochester Seagrams Ownership Status Acquired/Merged But unbeknownst to the higher-ups, he kept negotiating. 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. "Jeff David was a lone operator.". Wegzyn asked Thomas to set up a meeting. 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. If he knows that -- or senses it -- he doesn't let on. She searched David's emails for any connection to the address in Manhattan Beach or Sacramento Sports Partners. (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. Grizzlies-Clippers, 10 p.m. Mavericks-Pelicans, 7:30 p.m. "You're probably not going to get that money back," Sommercamp says. 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. 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. 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. 1948-49 to 2022-23. "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. For several more hours, Rich tries to pierce Jeff's logic, while Nancy reassures the family that Jeff is redeemable. "I'll just give the money back," Jeff says. It contains the objects of Jeff David's life, all destined for the Davids' new house in the affluent Pinecrest neighborhood. - Develop Fan Experience strategy to sell $100k in experiences through the Kings App. The Sacramento Bee's Jason Anderson dove into the Kings' perspective further. Amidst the discussion around who the Sacramento Kings draft with the No. He says he's investigating a real estate title company. "I've got something really crazy going on at work," she said. Tools and Resources Used by Real General Managers. Select the fourth team from the drop down menu. 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.". "But any half-truth will be considered a lie. Use without license or authorization is expressly prohibited. He got to work revising the original paperwork, forging team president Chris Granger's signature and sending a digital file back to Kaiser. "It seemed out of sorts from what our morals and core values were," Peterson said. 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. And it was cold. Warriors-Lakers, 3:30 p.m. (ABC) . 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. (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. 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. 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. Later on, she found a $9 million deposit from Golden 1. "It's a Sacramento tradition.". 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. Select the first team from the drop down menu. He promptly returned the $6 million and instructed Golden 1 to wire the funds to the Kings' primary account. 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. A year earlier, Jeff had purchased an $8 million home in Hermosa Beach, 20 miles southwest of Los Angeles. The Kings had missed the postseason for the past 14 consecutive seasons going back to 2006 - the longest active drought and one shy of the NBA record held by the Buffalo/San Diego/Los Angeles Clippers. 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. Raptors-Clippers, 10 p.m. His style wasn't for everyone. David contends that from the moment he diverted funds from Golden 1 and Kaiser Permanente, he intended to repay the money. "I wouldn't have been contacting you if the deal was covering their costs," Stone said. David now lives at the Federal Correctional Institution in Morgantown, West Virginia, where pleasures are smaller and infrequent. 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. The Kings take issue with this characterization. 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. 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. Per team policy, terms of the deal were not . 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. Nick Cahill / June 24, 2019. Matina Kolokotronis (born November 21, 1964) is Chief Operating Officer of the Sacramento Kings of the National Basketball Association. But on his way out, he had left behind a digital trail. NBA executives believe Kings could trade No. 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. Gambling problem? In the 2021 NBA Draft, McNair and the Kings showed they wanted to improve their defense after having a historically bad defensive year. 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. 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 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 . AZ, CO, CT, IL, IN, IA, KS, LA, (select parishes), MD, MI, NH, NJ, NY, OH, OR, PA, TN, VA, WV, WY, CA-ONT only.Eligibility restrictions apply. A surge of adrenaline jolted through Wegzyn's body. Wilcox will support General Manager Monte McNair in all facets of front office operations including roster construction, strategy and player evaluation. 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. Sacramento Kings Staff & Executives - RealGM Sacramento Kings Staff & Executives Team: Season: Current | Historical View: Person View | Grid View 216 staff members found. 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. [1] Kolokotronis is in her 22nd season with the Kings. ", "Jeff is white-collar meets surfer dude, the consummate bro," says a former Kings co-worker on the business operations side. "I can liquidate the properties. Data Provided By Kaiser agreed, and on Aug. 19, 2015, David invoiced the company on Sacramento Kings letterhead, payable not to the Kings but to his SSP account. I'll be up soon.". ", "Theagreement has also enabled over 100 part-time Kings team members (i.e. (These workers are in addition tothe300-400 healthcare professionalsthestatehas hired to work atthefacility.)". 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. 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. "It was particularly difficult for us because we had previously been witnesses to many occasions on which his strong moral compass was in clear view in far less profound situations," she says. THE KINGS ENTERED 2015 celebrating their unlikely survival. Terms at draftkings.com/sportsbook. Grizzlies-Clippers, 10 p.m.Wednesday "I lost the respect I had," David tells Judge William B. Shubb. Its likely that a decision like this wont be made during the combine and invitational workouts, so seeing what Kings brass next moves are will be a huge indicator in exactly how they intend on ending the 16-year playoff drought. When asked for the motivation behind the theft, David, years later, gives no unified theory. At group dinners and in casual conversations, execs who worked with David try to recall instances that might have marked him as a crook. Our reasoning for presenting offensive logos. There's no real cost to them," Stone said. And even though he was earning $360,000 per year plus bonuses, just about everyone in here made more than he did. A spokesperson previously noted that the half-million-dollar rent at the arena works out to $41 per bed, per night for 400 beds. In addition to the duties as Manager, Sales Operations. "This was a long, sophisticated course of conduct that required registering LLCs with the state, opening commercial mailboxes in the LLC's name, using the identities and the good names of prominent regional businesspeople, signing their names on LLC documents unbeknownst to them, and using their identities to perpetuate fraud," he says. 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. Raptors-Clippers, 10 p.m. *All times Eastern. Amid all of this, Jeff receives a phone call from a former co-worker with the Kings. NBA.com is part of Warner Media, LLCs Turner Sports & Entertainment Digital Network. "I'm going to tell you, but I need you to hear me out," he says. 2023 CBS Broadcasting Inc. All Rights Reserved. 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. He had launched the first in a series of grifts that would grow from thousands to millions of dollars. Jeff explains that he's part of an investor group. Jeff calls Sommercamp and puts him on speakerphone. 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. 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.