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They are members of the Pacific Division of the Western Conference in the National Basketball Association (NBA). What he then did with that money proved far more problematic. It is July 2018, and much of David's family is on hand to help with the move. 2020 CBS Broadcasting Inc. All Rights Reserved. I'll tell you that," Peterson said. Find out the latest on your favorite NBA teams on CBSSports.com. 60 activities a day, usually cold calls but they allow you to choose what kind of client you reach out to. But it's one that will dictate the rest of Jeff David's life. 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. LAC (127) vs SAC (128). 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. He spent the 2015-16 NBA season stealing more money than most Kings players earned on the court. Amidst the discussion around who the Sacramento Kings draft with the No. Tools and Resources Used by Real General Managers. 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 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. Director, Coaching Analytics and Strategy, Melanie StockingSr. No milieu displayed this NBA abundance more than the Lexus Lounge at the Golden 1 Center half an hour before tipoff. The mutual trust between David and the sponsors was unassailable -- enough to even navigate a snafu that could have derailed his entire scheme. "You're probably not going to get that money back," Sommercamp says. Fifteen years in Cincinnati. I'll give it back, and when I do, it'll be OK.". The masculine minimalism looked familiar to anyone who has walked into a boutique hotel in the past decade. Select the second team from the drop down menu. They state that a lengthy sentence would be an act of vengeance with no practical purpose. On this Monday, walking through the Davids' new front door is a dizzying procession of cable guys, utility workers and movers. Her bank accounts had been frozen. Sommercamp has questions. "That was the tradition of the Kings, and what originally was Arco Arena," Peterson said. Grizzlies-Clippers, 10 p.m. Mavericks-Pelicans, 7:30 p.m. Our intent was, and is, to continue to use our platform for good and to help support our community. 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. On July 5, 2016, Golden 1 wired $9 million to SSP. But it's when Sommercamp asks about how he obtained signatures from his partners in Sacramento that Jeff knows it's time to suspend his cheery front. 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. "I'm in really big trouble," Jeff says to Kate's mother, Nancy, and her partner, Rich. But the forfeiture team has arranged to sell far more complex assets than beach homes. 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. "I can't talk about it, but I'm obsessed. 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. According to Marc Stein on The Stein Line, while the Sacramento Kings recently have proclaimed their intent to build around De'Aaron Fox and Tyrese Haliburton, there's a 'sense among some rival executives' that Fox is actually still 'gettable' in trade discussions. In doing so, the credit union left itself exposed to a mistake a more sophisticated entity might have avoided thorough due diligence. In the matter of Kaiser Permanente's $4.4 million, these executives are even more dubious of David's blueprint to make the Kings whole. Wegzyn asked Thomas to set up a meeting. 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. 2023 CBS Broadcasting Inc. All Rights Reserved. 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 . Wilcox will support General Manager Monte McNair in all facets of front office operations including roster construction, strategy and player evaluation. The wild story behind the NBA's most unlikely heist, Morant to miss two games after video with gun, Sixers rally to snap Bucks' 16-game win streak, Curry, Iguodala probable to return vs. Lakers, Sources: Suns hiring Pistons' Bartelstein as CEO, Grizzlies' Clarke tore Achilles, out for season, Kerr touts 5-0 homestand: Dubs 'turned a corner', KD: Mavs tilt, Kyrie meeting 'just another game', Sources: Dragic joining Bucks for rest of season, The paths of KD and Kyrie: How one month changed three franchises and two superstar legacies. A year earlier, Jeff had purchased an $8 million home in Hermosa Beach, 20 miles southwest of Los Angeles. The same . David now lives at the Federal Correctional Institution in Morgantown, West Virginia, where pleasures are smaller and infrequent. Jeff explains that he's part of an investor group. We had an arrangement and we agreed upon it, then everyone moved on.". 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. 60 activities a day, usually cold calls but they allow you to choose what kind of client you reach out to. David and his legal team had hoped for a sentence not much longer than two years, but Shubb hands down a term of seven. 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. [5] From 2006 to 2007, he was a sports programmer and researcher at STATS LLC. The family feels that seeing their father in a state of incarceration would be too traumatic for his kids. 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. To believe that any of 2023's neo-contenders can become bonafide champs over the next few months is to believe that a once-in-a-quarter-century occurrence is about to transpire. "I think you're making too much of this," Jeff says. The forfeiture team instead works with a real estate team in Los Angeles. 2022 season schedule, scores, stats, and highlights. Rich and Nancy become incredulous. 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. "I need you to listen to me.". [1] Kolokotronis is in her 22nd season with the Kings. Johnson will lead Stocktons front office and have a hand in multiple aspects of Kings basketball operations. The reality is there are only four real contenders. This is the first moment when Kate, remarkably stoic throughout the 90-minute sentencing, visibly cries. "Let's close some phone numbers" in David-speak meant he wanted the Kings' sales team to craft some seven-digit sponsorship agreements. 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. It was audacious and, in David's mind, airtight. Please also read our Privacy Notice and Terms of Use, which became effective December 20, 2019. Jeffery R. David, the former Chef Revenue Officer of the NBA When the session breaks, David's family and friends commiserate with him, but Kate doesn't move. I'll call them tomorrow. tenants renting space in the building or revenue from the parking lots) as a result of the surge hospital.". 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 . Joelle Terry Senior Vice President, Communications Joelle Terry serves as the Senior Vice President, Communications of Sacramento Kings. ", Wegzyn presses on. / CBS Sacramento. Reading David's email felt invasive, even if Kings employees, like those at most companies, sign away their privacy to people like her. 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 agent gets more specific, probing the mechanics of Sacramento Sports Partners' formation. David breaks down during the testimonial from his mother-in-law, removing his glasses and burying his head in his hands. In its nine years of existence, SSP never undertook any consultancy work. Sommercamp asks Jeff how he found the money to buy it. "I'm going to tell you, but I need you to hear me out," he says. Tools and Resources Used by Real General Managers. And he becomes emotional when he speaks on his own behalf, pausing to collect himself as he conveys remorse to the court. He has six months before returning to Sacramento for sentencing. There's no real cost to them," Stone said. 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. A year later, David reached back out to Bland to inquire whether her offer for an upfront payment still stood. 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. When asked for the motivation behind the theft, David, years later, gives no unified theory. According to Mike Scotto of HoopsHype, executives around the NBA are looking to teams like the Kings as well as the Portland Trail Blazers to shop their picks for quality players that can help their franchises win now: Sacramento already has DeAaron Fox and Davion Mitchell as part of their core for the future, with Donte DiVincenzo set to enter restricted free agency with a $6.61 million qualifying offer. On Sept. 7, 2018, the Heat dismiss David. "I can liquidate the properties. 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. 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. Select the third team from the drop down menu. Free Test. 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. 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. [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. San Diego State University. 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 organizational chart of Sacramento Kings displays its 36 main executives including John Rinehart, Matina Kolokotronis and Tom Hunt . THE KINGS ENTERED 2015 celebrating their unlikely survival. Several of the executives note that it's not unusual for teams and sponsors to explore renegotiating their active agreements, which would require executives on both sides to review the paperwork. With David no longer present to service the Golden 1 account or run interference, the fraud would be nearly impossible to manage. Our reasoning for presenting offensive logos. Over a nearly four-year stretch in which he was . All the money's there. Six seasons split between Kansas City and Omaha, and then seven more in just K.C. Warriors-Lakers, 3:30 p.m. (ABC) Just zeros. Select the first team from the drop down menu. The reasons for their failure may have been inherent to the whole project. However, they said that few teams are profitable year to year and they note that many businesses will lose money, along with the state. In September, $4.4 million landed in the account of SSP. When Governor Newsom first announced the Kings offered Sleep Train Arena to help house an expected surge of coronavirus patients, Peterson and Stone were not surprised. 4 on Thursday's NBA Draft, making a huge pivot than what was expected of them. It's no surprise that Sacramento would be willing to package Buddy Hield, Marvin Bagley III and multiple. 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. Still, the Kings defend the rent stating: "Per the state, our lease agreement for Sleep Train Arena is consistent with other similar alternate care facilities that have been created to support the growing medical needs of the COVID-19 crisis across California. Sacramento Kings Key Executives Name & Title Bio John Rinehart Senior Vice President, Business Operations John Rinehart serves as the Senior Vice President, Business Operations of Sacramento Kings. Inside the folder were the contents of David's old laptop, which included a PDF with the signatures of Granger, Bland and Rinehart, along with copies of the amendment for the Golden 1 deal and the revised contract with Kaiser Permanente. A surge of adrenaline jolted through Wegzyn's body. (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. 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. 3 min read. [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. she screams at Jeff, who seems oddly sanguine for a man who suddenly doesn't have the liquidity to order takeout. Could this trade come down to the wire a la Jimmy Butlers exit from Chicago to Minnesota? Per team policy, terms of the agreements were not disclosed. 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 each passing hour, she became increasingly convinced that she was headed down a path that would upend David's life forever. "He'd open meetings with 'It's Money Monday!' The fine line between young talent and win-now veterans will be Monte McNairs delicate dance. 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. 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. 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. Mavericks-Pelicans, 7:30 p.m. Amid all of this, Jeff receives a phone call from a former co-worker with the Kings. As the person principally responsible for selling associations to these famous athletes, David was a fixture on the event level, too. Owner Vivek Ranadiv said, "I am excited to bring his extensive experience and vision onboard to lead our basketball operations department. All rights reserved. Subscribe to Stathead Basketball: Get your first month FREEYour All-Access Ticket to the Basketball Reference Database. 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Very fast paced and high stress environment. 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. We have tools and resources that can help you use sports data. One team president says the franchise initiated a full audit of its operations days after the story became public. What did you do?! Logos were compiled by the amazing SportsLogos.net. If you are having difficulty accessing any content on this website, please visit our Accessibility page. "Why is all of our money gone?!" They wanted to go local. 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. "[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. One executive in the finance department of an NBA team says, "We invoice everything -- even signed contracts. Then Sacramento's vice president of corporate . The U.S. attorney's office and others in law enforcement praise the Kings for swiftly responding to what Wegzyn uncovered. 4 overall pick in the 2022 NBA Draft, the discourse of shopping the pick has been a quiet Plan B that league. He has an adoring wife of almost 10 years, three healthy children. 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. Duality underpins practically everything about the brief existence of the KD, Harden and Kyrie Nets. In the 2021 NBA Draft, McNair and the Kings showed they wanted to improve their defense after having a historically bad defensive year. 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. To believe that any of 2023's neo-contenders can become bonafide champs over the next few months is to believe that a once-in-a-quarter-century occurrence is about to transpire. (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. Nearby, a shrine commemorated Ranadive's meetings with global celebrities. "If he really wanted to pay back the victims, he would've paid his earlier victims once he had a lot of money," Anderson says. Knicks-Celtics, 7:30 p.m. 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. Please enter valid email address to continue. 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. 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. "You could come work for us," Sommercamp told Wegzyn. To offset the $9 million, David altered the payment schedule of the initial agreement, again forging Granger's signature. "It's a Sacramento tradition.". He was gregarious, fond of "hugging it out," able to laugh at himself when less extroverted spirits made light of that exuberance. So Golden 1 would be getting an invoice for $5.5 million weeks before the payment." Confirm that your trade proposal is valid according to the NBA collective bargaining agreement. The former Kings executive reportedly ran a sophisticated money-laundering scheme. Terms at draftkings.com/sportsbook. Even the head coach pulled in almost $4 million per season. The Kings had given David an autonomy he could exploit. And now, after her husband has confessed to a monstrous fraud, her mother sits beside her and extends an arm, but she is virtually unresponsive. Between the two of them, they spent nearly 30 years with the Kings. After restitution is paid to the Kings and other wronged parties, the remaining money goes to an asset forfeiture fund that compensates crime victims. "I knew how these other companies operated. He was bright and self-motivated, with a keen understanding of the industry -- not a man in need of micromanaging.The NBA on ESPN and the ESPN AppSunday Data Provided By Sacramento Kings Staff & Executives - RealGM Sacramento Kings Staff & Executives Team: Season: Current | Historical View: Person View | Grid View 216 staff members found. 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. McNair was then promoted to director of basketball operations in 2013, VP of basketball operations in 2016, and assistant GM in 2018. However, CBS13 also asked how the Kings planned to use the money it is making on the arena during the pandemic. His life is seemingly picture-perfect. She was consumed by the chase but also suffering from periodic pangs of doubt. 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. Hours earlier, the FBI had stormed her house. The Kings, by contrast, are struggling to convince rival teams that . Get browser notifications for breaking news, live events, and exclusive reporting. the official stats partner of the NBA, NHL and MLB. (These workers are in addition tothe300-400 healthcare professionalsthestatehas hired to work atthefacility.)". "No, no, no," Jeff responds. "I wouldn't have been contacting you if the deal was covering their costs," Stone said. Sacramento took Keegan Murray at No. "Giving back to the community, that was always emphasized in my experience there," Stone said. What's going on?!". 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. 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? It occurs to the U.S. attorneys that David might not realize it's that conversation that implicated him. Jul 2019 - Present3 years 9 months. Maybe 2015? 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. She wanted to move quickly. JEFF, KATE AND their families arrive at the U.S. I'll tell them the whole story and show them where the money is. Why did Jeff David steal $13.4M from the Kings? 2016: Purchases beach homes 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. 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 . 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. Grizzlies-Clippers, 10 p.m.Wednesday - Plan and execute . "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. "It seems to come down to around 20- or $25,000 a month," Stone said. They say the Kings have a history of donating the facility, free of charge, during a variety of emergencies ranging from floods to Y2K. The Kings were heavily favored to either draft Purdue's Jaden Ivey among. Director, Digital, Content & eSports, Nicole LoscavioSr. 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. $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. One week after her first foray into David's underworld, Wegzyn had struck the mother lode. Still, Peterson and Stone don't think the Kings should be allowed to profit off the pandemic. May 7, 2020 / 10:58 PM Raptors-Clippers, 10 p.m. His style wasn't for everyone. Later on, she found a $9 million deposit from Golden 1. On September 17, 2020, the Sacramento Kings announced the hire of McNair as the general manager and president of basketball operations. What if this is all legit? Kate toggles over to the family's secondary account at Wells Fargo. It's a schmoozy industry conclave where David had once thrived, and this year he is at the center of attention in absentia. No alert, no explanation. 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. The family had spent the weekend at the Ohio State Fair, where two of his three kids won goldfish. Question, Comment, Feedback, or Correction? ESPN Daily Podcast: Inside the great NBA heist. 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!