Grapevines and Teslas lined the driveway of Ranadive's 3-acre chateau; his glass-bottom pool was covered with flooring beneath an expansive tent. But this was the nerve center of Jeff's world. Maybe 2015? 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.. Blake knew that Quick's contract, the huge 10-year deal he signed after winning the Conn Smythe Trophy in 2012, didn't have a no-trade clause in it. Like most, they thought that the Kings were donating the shuttered arena to the state for free. 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. 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. He was gregarious, fond of "hugging it out," able to laugh at himself when less extroverted spirits made light of that exuberance. In the 2021 NBA Draft, McNair and the Kings showed they wanted to improve their defense after having a historically bad defensive year. Monte McNair - Wikipedia Sommercamp has questions. Sacramento Kings Staff & Executives - RealGM McNair grew up in Oak Park, California, and attended Oak Park High School. 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. It's not going to be a big deal.". "Why is all of our money gone?!" I'll give it back, and when I do, it'll be OK.". 2023 CBS Broadcasting Inc. All Rights Reserved. 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. "Our money is frozen," Jeff says as Kate listens. "You know what you did. Location: Sacramento, California Team Names: Sacramento Kings, Kansas City Kings, Kansas City-Omaha Kings, Cincinnati Royals, Rochester Royals Seasons: 75; 1948-49 to 2022-23 Record: 2691-3212, .456 W-L% Playoff Appearances: 29 Championships: 1 More Franchise Info They state that a lengthy sentence would be an act of vengeance with no practical purpose. The family feels that seeing their father in a state of incarceration would be too traumatic for his kids. 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. January 24, 2022 12:01am A Sacramento Kings executive was fined by the NBA for in-game actions, raising a complicated legal question. 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.". "We are always happy . Johnson joins the Kings basketball operations department with seven years of NBA experience, most recently serving as the Assistant General Manager of the NBA G Leagues Oklahoma City Blue. ", "Theagreement has also enabled over 100 part-time Kings team members (i.e. On this Wikipedia the language links are at the top of the page across from the article title. He got to work revising the original paperwork, forging team president Chris Granger's signature and sending a digital file back to Kaiser. All rights reserved. Sacramento, California, United States Hand-picked to serve as an executive assistant to the Senior Vice President of Marketing and Chief Technology officer offering administrative leadership. Sacramento Kings Company Profile: Acquisition & Investors | PitchBook "The monthly lease amount for Sleep Train Arena (including 4,000 parking spaces) is a discounted rate. Because the advertising had been purchased by Van Wagner on behalf of Peak Sports, there was no suspicion that a check from Peak hadn't turned up in the accounting department. A year earlier, Jeff had purchased an $8 million home in Hermosa Beach, 20 miles southwest of Los Angeles. Sacramento Kings Staff & Executives - RealGM [16], List of National Basketball Association team presidents. A former top Sacramento Kings executive was sentenced Monday to seven years in prison for siphoning $13.4 million from the team. Eastern District of California | Former Sacramento Kings Executive The Sacramento Kings announced today that Wes Wilcox, Phil Jabour and Paul Johnson have been added to the team's basketball operations group. "I'll go to the FBI. 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. For several more hours, Rich tries to pierce Jeff's logic, while Nancy reassures the family that Jeff is redeemable. The organizational chart of Sacramento Kings displays its 36 main executives including John Rinehart, Matina Kolokotronis and Tom Hunt . We're going through an audit, and I'd like to see if you can send me a list of all payments made to my organization over the last five years.". I'll call them tomorrow. The reasons for their failure may have been inherent to the whole project. "I've got something really crazy going on at work," she said. It is July 2018, and much of David's family is on hand to help with the move. In scouring David's correspondences, it appeared as if he'd been working to sell one of the properties. Ex-Sacramento Kings executive admits to defrauding team 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. she screams at Jeff, who seems oddly sanguine for a man who suddenly doesn't have the liquidity to order takeout. "You could come work for us," Sommercamp told Wegzyn. The story Jeff David was about to tell his wife -- of a yearslong fraud, of millions of dollars stolen -- was almost too absurd to believe. 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. If he knows that -- or senses it -- he doesn't let on. A History Lesson For Sacramento: How Kansas City Lost The Kings - Deadspin Director, Digital, Content & eSports, Nicole LoscavioSr. This is the first moment when Kate, remarkably stoic throughout the 90-minute sentencing, visibly cries. 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. ", "Jeff is white-collar meets surfer dude, the consummate bro," says a former Kings co-worker on the business operations side. He does not believe Jeff is a victim. 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. . "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. Then drop a silly rap lyric about an account.". Our reasoning for presenting offensive logos. 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. Why did Jeff David steal $13.4M from the Kings? 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. 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. They wanted to go local. "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. They were a massive disappointment, yes, but also so transcendent for brief moments. ", 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.". "I can't talk about it, but I'm obsessed. Ex-Sacramento Kings executive to plead guilty to siphoning $13.4 Copyright 2000-2023 Sports Reference LLC. Sacramento Kings - Basketball-Reference.com Account Executive at Sacramento Kings Sacramento, California, United States. They say the Kings have a history of donating the facility, free of charge, during a variety of emergencies ranging from floods to Y2K. We had an arrangement and we agreed upon it, then everyone moved on.". $32k-$35k/yr Account Executive, Ticket Sales Job at Sacramento Kings CFOs swap accounts of stress-testing their team's internal checks and balances to protect against potential fraud. Team Contact Information. Data Provided By We have tools and resources that can help you use sports data. 2016: Purchases beach homes There have been so many weird things that have happened over the years with this club, which was incredible in . Sacramento took Keegan Murray at No. Per team policy, terms of the deal were not . Sacramento Kings extend contracts of general manager Monte McNair Carson Augostatos - Manager, Loyalty Marketing - Sacramento Kings Logos were compiled by the amazing SportsLogos.net. They were a massive disappointment, yes, but also so transcendent for brief moments. "It tells a better story.". 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. Ex-Sacramento Kings exec gets 7 years for siphoning $13.4M Tools and Resources Used by Real General Managers. If he had truly wanted to return $4.4 million to the franchise, he would have needed to get creative. 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. 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. After a few pleasantries, she gets down to business. Sacramento Kings Coach | HoopsHype 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. Clippers vs Kings, March 3, 2023 | Basketball-Reference.com Sacramento Kings Executive Team | Comparably The reality is there are only four real contenders. Sacramento Kings make the wrong kind of NBA History - Sports Illustrated tenants renting space in the building or revenue from the parking lots) as a result of the surge hospital.". What if this is all legit? 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. 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. Sommercamp wants to know who these investors are. "It seemed out of sorts from what our morals and core values were," Peterson said. Use without license or authorization is expressly prohibited. The NBA announced on Thursday that it's fining the Kings $50,000 . 3 min read. 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. 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. Her name is Stacy Wegzyn, and she works in HR. She was consumed by the chase but also suffering from periodic pangs of doubt. Leaving out pertinent facts will be considered a lie. Later on, she found a $9 million deposit from Golden 1. 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. Inside The Money Laundering Scheme Of A Former Sacramento Kings Executive Former Kings executive Jeffrey David explains decision to steal the official stats partner of the NBA, NHL and MLB. 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.". 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. However, the former VPs point out that the state is paying for those employees on top of the $500,000 rent. 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. 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Tools and Resources Used by Real General Managers. 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. She wanted to move quickly. "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. "Giving back to the community, that was always emphasized in my experience there," Stone said. Ex-Sacramento Kings Executive Admits To Defrauding Team All rights reserved. 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. The former Kings executive reportedly ran a sophisticated money-laundering scheme. Jul 2019 - Present3 years 9 months. "Does this have anything to do with those FBI agents today?". Prior to Philadelphia, Jabour was a Scout for the Orlando Magic (2012-14) and contributed to collegiate and professional prospect evaluation. The masculine minimalism looked familiar to anyone who has walked into a boutique hotel in the past decade. "That was a man, this is taking me back. No milieu displayed this NBA abundance more than the Lexus Lounge at the Golden 1 Center half an hour before tipoff. McNair hopes to bring stability to the organization. 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. I'll be up soon.". 4 on Thursday's NBA Draft, making a huge pivot than what was expected of them. 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. The forfeiture team instead works with a real estate team in Los Angeles. 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. 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. Sacramento Kings | TeamWork Online 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. Jabour made his NBA debut as Daryl Moreys first scouting/personnel hire with the Houston Rockets in 2006. 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. 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. Former Sacramento Kings Executive Sentenced To 7 Years For Fraud - CapRadio Jeff calls Sommercamp and puts him on speakerphone. The Kings, who are in third place, are an explosive offensive team; they average a league-high 120.7 points per game. Stacy and Mark bid schmaltzy parental farewells to their daughter, whom they settled at school, then reversed course back to Sacramento. 2011: Named Kings CRO 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. 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. David left for a brief stint with the NBA league office before returning to Sacramento in 2011 as CRO. The mutual trust between David and the sponsors was unassailable -- enough to even navigate a snafu that could have derailed his entire scheme. At group dinners and in casual conversations, execs who worked with David try to recall instances that might have marked him as a crook. She finally learns that there's a freeze on the family account. Though his wife and in-laws still believe he's a good man, David won't enjoy their devotion in close proximity, except as official visitation rules permit. After three unsuccessful trials, for your security, your access has to be interrupted for 10 minutes. Matina Kolokotronis serves as the Chief Operating Officer (COO) of the Sacramento Kings. One team president says the franchise initiated a full audit of its operations days after the story became public. Still, to Nancy and Rich, he seems oblivious to the depth of his crime. 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. During negotiations, Golden 1 CEO Donna Bland suggested that if the Kings needed more cash up front, Golden 1 could be in a position to accommodate. NBA executive mocks Clippers' acquisition of Westbrook [1] Kolokotronis is in her 22nd season with the Kings. This agent, John Sommercamp, finds Kate and Jeff in the kitchen, where he tells them they might be the victims of fraud. Jeff tells her that's unlikely. 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. 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.". To learn more or opt-out, read our Cookie Policy. 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. For each of our 1,114,789 listed executives, discover their exact roles and their biographies. David breaks down during the testimonial from his mother-in-law, removing his glasses and burying his head in his hands. David offers a broad outline of the Golden 1 and Kaiser Permanente schemes. Courthouse in Sacramento early on June 24, 2019. "He'd open meetings with 'It's Money Monday!' If you are having difficulty accessing any content on this website, please visit our Accessibility page. 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. Sacramento Kings | LinkedIn [5] From 2006 to 2007, he was a sports programmer and researcher at STATS LLC. The fine line between young talent and win-now veterans will be Monte McNairs delicate dance. All content 2000-2023 RealGM, L.L.C. The same . Before that, he served as a Referee Operations Analyst at the NBA league office (2013-15). 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. 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. Grizzlies-Clippers, 10 p.m. Mavericks-Pelicans, 7:30 p.m. David now lives at the Federal Correctional Institution in Morgantown, West Virginia, where pleasures are smaller and infrequent. Duality underpins practically everything about the brief existence of the KD, Harden and Kyrie Nets. While Peterson and Stone left the Kings organization in 2006 and 2009, respectively, they said they've spoken with several other former executives who are still working in the industry. They say there was a consensus that the monthly expenses for the arena were far less than what the Kings are charging the state. The organization did not provide those numbers. What Wegzyn didn't yet have were whatever contracts David had drawn up to lure Golden 1 and Kaiser Permanente into his scheme. 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. Select the fourth team from the drop down menu. Could this trade come down to the wire a la Jimmy Butlers exit from Chicago to Minnesota? 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. "It seems to come down to around 20- or $25,000 a month," Stone said. "I was just curious what that is and if those are documents that should go to somebody else," Wegzyn says. 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. 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. In addition to the duties as Manager, Sales Operations. 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. 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. 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. 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. [6], In 2007, McNair joined the Houston Rockets as the basketball operations senior analyst. If you are having difficulty accessing any content on this website, please visit our Accessibility page. What if I'm wrong? 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. Jeffrey David, 44, the team's former chief revenue officer, pleaded . - Develop Fan Experience strategy to sell $100k in experiences through the Kings App.