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On this Monday, walking through the Davids' new front door is a dizzying procession of cable guys, utility workers and movers. 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. A former executive from the NBA's Sacramento Kings has been accused of taking $13.4m from two sponsors, according to The Sacramento Bee. However, they said that few teams are profitable year to year and they note that many businesses will lose money, along with the state. 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. Duality underpins practically everything about the brief existence of the KD, Harden and Kyrie Nets. 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 . But he had a desire for more. 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. Odds & lines subject to change. 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. CFOs swap accounts of stress-testing their team's internal checks and balances to protect against potential fraud. 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. 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. "Our money is frozen," Jeff says as Kate listens. "Any organization can suffer betrayal by a trusted employee," says Bill Portanova, a former assistant U.S. attorney who was retained by the Kings as an independent investigator. 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. They state that a lengthy sentence would be an act of vengeance with no practical purpose. "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. In September, $4.4 million landed in the account of SSP. "I'll go to the FBI. 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. Jeff wears a double-vented navy suit, whiskey-colored shoes and thick-framed glasses; Kate is in a black dress. In his five years in Houston, he served in a variety of scouting roles including Director of Scouting with NBA G Leagues Rio Grande Valley Vipers (2009-11). Tools and Resources Used by Real General Managers. 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. He got to work revising the original paperwork, forging team president Chris Granger's signature and sending a digital file back to Kaiser. In addition to the duties as Manager, Sales Operations. Former Kings Vice Presidents Tom Peterson and Mark Stone said they spoke with other VPs and former owners who, they say, shared their concern. Jeffrey David pleaded guilty earlier this year to . All logos are the trademark & property of their owners and not Sports Reference LLC. In 2012, approaching his 40s, David was earning a low-to-mid-six-figure salary. 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. One day later, as the family Ford Expedition charted its course northward, Wegzyn stayed in touch with Rinehart, trying to break through their partners' bureaucracy. The company owns and manages professional basketball teams and competes in the National Basketball Association as a member of the Western Conference Pacific Division. "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. (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. Does Jeff truly believe that the only item on his to-do list is restitution? Prior to the Hawks, Wilcox was Director of Player Personnel for the Cleveland Cavaliers and the first General Manager of the Cavs NBA Development League team, the Canton Charge. [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. 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. He won't see the children at all for the next several years. David breaks down during the testimonial from his mother-in-law, removing his glasses and burying his head in his hands. 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! But the forfeiture team has arranged to sell far more complex assets than beach homes. Please also read our Privacy Notice and Terms of Use, which became effective December 20, 2019. All content 2000-2023 RealGM, L.L.C. 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 cash used in the purchases was almost entirely the millions sent to Jeff by Golden 1 and Kaiser Permanente. Director, Partnership Marketing & Business Development, Jozee PerrelliDirector, Box Office Operations, Colin WarnerDirector, Business Intelligence, Karl CrudupDirector, Event Sales & Production, Michael RamosDirector, Groups & Hospitality, Nichole AmbergDirector, Interactive Design & Strategy, Allison ChandlerDirector, Marketing & Advertising, Kelsey KauffroathDirector, Marketing & Fan Engagement, Matthew JohnsonDirector, Membership Sales & Sales Enablement, Nick CooperDirector, Membership Services & Retention, Kamilah JohnsonDirector, Retail Merchandise, Katie NicholsonDirector, Social Responsibility, Meryl BalalisDirector and Sr. By choosing I Accept, you consent to our use of cookies and other tracking technologies. Kevin Arnovitz explains what the possible motivations were for former Kings executive Jeff David siphoning millions of dollars from the team. Select the fourth team from the drop down menu. It was audacious and, in David's mind, airtight. During Pitch Day, the Top 8 presented their companies to a panel of successful entrepreneurs, executives and investors including: John Rinehart, Sacramento Kings President of Business Operations Just as Wegzyn returned to the office on Tuesday, confirmation arrived from Golden 1: It had sent a $9 million payment to SSP. David filed this information away. Wegzyn figured a quick tour of his file directory would produce something, so on Tuesday, six days before the FBI sting in Miami, she'd had the Kings' IT department download an archive from their shared cloud system. 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. 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 a Sacramento tradition.". 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. 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. Select the third team from the drop down menu. 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 Matina Kolokotronis serves as the Chief Operating Officer (COO) of the Sacramento Kings. Then drop a silly rap lyric about an account.". After a short night's sleep, the family returns to the house in Pinecrest the next morning to rebox their belongings. Question, Comment, Feedback, or Correction? 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. "You could come work for us," Sommercamp told Wegzyn. I'll tell you that," Peterson said. The organization points to its "In This Together" initiative. 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 careful not to reveal her intention, not wanting to alarm either entity. Duality underpins practically everything about the brief existence of the KD, Harden and Kyrie Nets. The cash went straight to David without the Kings knowing it existed. 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. 2011: Named Kings CRO Knicks-Celtics, 7:30 p.m. Flipping these valuable properties -- funded by his pilfering -- gave him that chance. (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. 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. "It tells a better story.". Everyone will get their money back, and it'll be OK. [2] Early life [ edit] Born in Chicago, Illinois, Kolokotronis is the second of four daughters born to Greek immigrants. 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.. There have been so many weird things that have happened over the years with this club, which was incredible in . 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. 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 . "I was just curious what that is and if those are documents that should go to somebody else," Wegzyn says. 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. The SPORTS REFERENCE and STATHEAD trademarks are owned exclusively by Sports Reference LLC. 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. His first opportunity came that year when Van Wagner, a New York-based sports marketing firm, placed a routine call to David. "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. The NBA announced on Thursday that it's fining the Kings $50,000 . Logos were compiled by the amazing SportsLogos.net. Suns-Mavericks, 1 p.m. (ABC) January 24, 2022 12:01am A Sacramento Kings executive was fined by the NBA for in-game actions, raising a complicated legal question. Only the executives in charge of player personnel I'll call them tomorrow. 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. He strongly suspects he's the perpetrator of a felony. "It's like a money grab.". 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. 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. "What happened with Golden 1 and Kaiser probably doesn't happen with American Airlines or Bank of America," says a top NBA team executive. The Kings, who are in third place, are an explosive offensive team; they average a league-high 120.7 points per game. 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 . Stacy and Mark bid schmaltzy parental farewells to their daughter, whom they settled at school, then reversed course back to Sacramento. 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. 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. 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. All rights reserved. The Kings have been recognized as one of the top 10 most innovative teams and success in this position is enhanced through the use of premium software such as: Dialpad, Clearslide, OneMob, Salesforce, DialSource, ZoomInfo, and Linked-In Sales Navigator, among others. It is July 2018, and much of David's family is on hand to help with the move. In June 2015, the Kings and California credit union Golden 1 agreed to a 20-year, $110 million naming rights deal for the team's new arena. 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. 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 explains -- the visit from the FBI earlier in the day, the full breadth of the scam. Watch on ESPN+. I have to stay with this. But it's one that will dictate the rest of Jeff David's life. Call 1-800-GAMBLER. "You know what you did. Director, Digital, Content & eSports, Nicole LoscavioSr. David had neglected to leave the digital document when he'd departed for Miami a few weeks earlier. After acquiring Domantas Sabonis, Sacramento has made it clear the goal is to end the franchises playoff drought rival teams are keeping an eye on Sacramento to trade this pick. Select the players you wish to trade from the rosters below. 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. Her bank accounts had been frozen. 4 overall pick in the 2022 NBA Draft, the discourse of shopping the pick has been a quiet Plan B that league. "You're going to go to prison," Kate says. She'd told the Kings' IT department that she needed access to David's email. Matina Kolokotronis (born November 21, 1964) is Chief Operating Officer of the Sacramento Kings of the National Basketball Association. [14], One of the largest problems that McNair faced was filling the shooting guard position as Bogdan Bogdanovic was a free agent in the 2020 offseason. Confirm that your trade proposal is valid according to the NBA collective bargaining agreement. How do you repay money to a team that doesn't know anything has been stolen? 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. At group dinners and in casual conversations, execs who worked with David try to recall instances that might have marked him as a crook. All the money's there. To make up the shortfall, David says he planned to wire the missing amount to the Kings. 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. Jul 2019 - Present3 years 9 months. 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. "I wouldn't have been contacting you if the deal was covering their costs," Stone said. They say there was a consensus that the monthly expenses for the arena were far less than what the Kings are charging the state. Jeff calls Sommercamp and puts him on speakerphone. 60 activities a day, usually cold calls but they allow you to choose what kind of client you reach out to. It's no surprise that Sacramento would be willing to package Buddy Hield, Marvin Bagley III and multiple. Jabour will be primarily responsible for overseeing the structure and processes of the scouting department. When she found a receptive party at Golden 1, she emailed him the list of legitimate Kings entities, burying SSP in the middle. I'll be up soon.". 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. What he then did with that money proved far more problematic. What's going on?!". 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 . 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. Now, in the wee hours of Wednesday morning, Wegzyn's husband, Mark, found her sitting at her kitchen table, hunched over her laptop. Grizzlies-Clippers, 10 p.m.Wednesday 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. Jeff tells her that's unlikely. [1] Kolokotronis is in her 22nd season with the Kings. However, the former VPs point out that the state is paying for those employees on top of the $500,000 rent. While working for the Rockets team, his organization reached the NBA playoffs for eight consecutive years, including two Western Conference Finals appearances. "I can't talk about it, but I'm obsessed. 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. Jeff David's NBA was awash in wealth, yet in this rarefied air, he was the pauper. From the exposed wall of the lounge, guests watched Kings players dash to and from the locker room and court for warm-ups. She wanted to move quickly. 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. On occasion, Ranadive walked into the building alongside celebrities such as Drake and Jamie Foxx. They estimate that the Kings are profiting hundreds of thousands of dollars a month as, in their estimate, the cost to run the shuttered facility is a small fraction of what the state is paying to rent it. 2022 season schedule, scores, stats, and highlights. 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. 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. 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. He does not believe Jeff is a victim. 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. Led by David, they had begun discussions with several corporations for the naming rights for their new arena and training facility, which were under construction. (4/15/20), A month since the Kings last game, Kings players are still taking action as Richaun Holmes, De'Aaron Fox, Bogdan Bogdanovic and Harrison Barnes are donating 1,000+ meals to local families. Jeff volunteers that Golden 1 and Kaiser Permanente, two major sponsors with the Kings, are partners. A surge of adrenaline jolted through Wegzyn's body. 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. Nearby, a shrine commemorated Ranadive's meetings with global celebrities. 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.". Furthermore, the U.S. attorney's office believes the debate over whether David could feasibly repay the funds is irrelevant because he had no intention to do so. The family had spent the weekend at the Ohio State Fair, where two of his three kids won goldfish. - Plan and execute . Across the courtroom, the U.S. attorney's team readies itself to argue that Jeff David should serve nine years in federal prison. 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. One Kings co-worker considered him the sort of oleaginous salesman who'd go into business with anyone. "Why is all of our money gone?!" 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. Could this trade come down to the wire a la Jimmy Butlers exit from Chicago to Minnesota? 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. Wilcox will support General Manager Monte McNair in all facets of front office operations including roster construction, strategy and player evaluation. 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.. And he becomes emotional when he speaks on his own behalf, pausing to collect himself as he conveys remorse to the court. Wegzyn and the Kings brass realized it was time to escalate this homegrown investigation. TWO DAYS LATER, David sits in Sacramento at a conference table between his two defense attorneys and across from a team from the U.S. attorney's office that specializes in white-collar crime. 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. Account Executive at Sacramento Kings Sacramento, California, United States. All rights reserved. So Golden 1 would be getting an invoice for $5.5 million weeks before the payment." Kate toggles over to the family's secondary account at Wells Fargo. 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. Free Test. "It seems to come down to around 20- or $25,000 a month," Stone said. The Kings have finalized contracts with Doug Christie, Jay Triano and Luke Loucks to be assistant coaches under Mike Brown, writes Jason Anderson of The Sacramento Bee. 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. "That was the tradition of the Kings, and what originally was Arco Arena," Peterson said. For several more hours, Rich tries to pierce Jeff's logic, while Nancy reassures the family that Jeff is redeemable. After three unsuccessful trials, for your security, your access has to be interrupted for 10 minutes. With each passing hour, she became increasingly convinced that she was headed down a path that would upend David's life forever. Former Sacramento Kings executive Greg Van . 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NBA.com is part of Warner Media, LLCs Turner Sports & Entertainment Digital Network. David contends that from the moment he diverted funds from Golden 1 and Kaiser Permanente, he intended to repay the money. What did you do?! 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. He spent the 2015-16 NBA season stealing more money than most Kings players earned on the court. But this was the nerve center of Jeff's world. "I've got something really crazy going on at work," she said. He had launched the first in a series of grifts that would grow from thousands to millions of dollars. 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.