decisions (usually the general manager) are listed. "Does this have anything to do with those FBI agents today?". 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. Kate is inconsolable.NBA RooksFollow Zion, Ja, RJ, De'Andre, Coby and more top rooks as they balance basketball and life during an exciting NBA season. 75; Duality underpins practically everything about the brief existence of the KD, Harden and Kyrie Nets. Our intent was, and is, to continue to use our platform for good and to help support our community. Suns-Mavericks, 1 p.m. (ABC) It's a seemingly innocuous inquiry from an HR lifer. Stacy and Mark bid schmaltzy parental farewells to their daughter, whom they settled at school, then reversed course back to Sacramento. Three takeaways from Kings 123-117 win against Thunder, Three takeaways from Kings 124-115 win over Oklahoma City Thunder, Kings waive KZ Okpala, sign PJ Dozier for the rest of the season, 5 takeaways from the Kings beating the Clippers in the second-highest scoring NBA game ever, 3 takeaways from Sacramentos 133-116 win over the Portland Trail Blazers. 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. Our reasoning for presenting offensive logos. There have been so many weird things that have happened over the years with this club, which was incredible in . What's going on?!". 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. 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.". Grizzlies-Clippers, 10 p.m. Mavericks-Pelicans, 7:30 p.m. According to . Jabour will be primarily responsible for overseeing the structure and processes of the scouting department. 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. tenants renting space in the building or revenue from the parking lots) as a result of the surge hospital.". Jeff David's NBA was awash in wealth, yet in this rarefied air, he was the pauper. Please also read our Privacy Notice and Terms of Use, which became effective December 20, 2019. This agent, John Sommercamp, finds Kate and Jeff in the kitchen, where he tells them they might be the victims of fraud. 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). Sacramento Kings, Kansas City Kings, Kansas City-Omaha Kings, Cincinnati Royals, Rochester Royals, Seasons: ", "Jeff is white-collar meets surfer dude, the consummate bro," says a former Kings co-worker on the business operations side. 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. NBA.com is part of Warner Media, LLCs Turner Sports & Entertainment Digital Network. For several more hours, Rich tries to pierce Jeff's logic, while Nancy reassures the family that Jeff is redeemable. He won't see the children at all for the next several years. Grapevines and Teslas lined the driveway of Ranadive's 3-acre chateau; his glass-bottom pool was covered with flooring beneath an expansive tent. She'd told the Kings' IT department that she needed access to David's email. The Kings are closing in on the Memphis Grizzlies in the standings. To learn more or opt-out, read our Cookie Policy. (4/28/20), Kings Join 49ers, Other Local Major Sports Team In Donating 50,000 Face Coverings To Health Care Providers, CBS Sacramento, 4/24/20, Harrison and Brittany Barnes are donating $40,000 for weekly groceries to people in need while also providing coffee and pastries for medical workers at Kaiser's South Sacramento Intensive Care Unit. You gotta admire Scot's remarkable humility Whenever we talk about the 2000s Sacramento Kings, a.k.a. Only the executives in charge of player personnel Join us for a March Madness Webinar on Tuesday, March 7 at 8pm ET. It contains the objects of Jeff David's life, all destined for the Davids' new house in the affluent Pinecrest neighborhood. "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. The reasons for their failure may have been inherent to the whole project. "I lost a job and a career I loved and excelled in. How do you repay money to a team that doesn't know anything has been stolen? 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. "Let's close some phone numbers" in David-speak meant he wanted the Kings' sales team to craft some seven-digit sponsorship agreements. . What Wegzyn didn't yet have were whatever contracts David had drawn up to lure Golden 1 and Kaiser Permanente into his scheme. The mutual trust between David and the sponsors was unassailable -- enough to even navigate a snafu that could have derailed his entire scheme. [2] Early life [ edit] Born in Chicago, Illinois, Kolokotronis is the second of four daughters born to Greek immigrants. 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. [16], List of National Basketball Association team presidents. Later that Wednesday, Wegzyn reached out to Golden 1 and Kaiser Permanente to learn more. "He'd open meetings with 'It's Money Monday!' 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. A former Sacramento Kings executive was sentenced to seven years in federal prison Monday for embezzling more than $13 million from the NBA team. She was leaving town in less than 48 hours to drop her daughter off at college in the Pacific Northwest, and she desperately wanted some clarity. During this extended playoff drought, the Kings had 10 different head coaches. 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. Kate dials Bank of America, whose reps bounce her around the after-hours customer service labyrinth. Still, Peterson and Stone don't think the Kings should be allowed to profit off the pandemic. Eventually, she'd stumbled onto a folder titled "TurboTax," whose first item was a depreciation schedule for a home. 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. Tech titans helped themselves to sushi, while guests roamed downstairs on Ranadive's sunken basketball half court. Could this trade come down to the wire a la Jimmy Butlers exit from Chicago to Minnesota? With David no longer present to service the Golden 1 account or run interference, the fraud would be nearly impossible to manage. The fine line between young talent and win-now veterans will be Monte McNairs delicate dance. "That was a man, this is taking me back. Jul 2019 - Present3 years 9 months. 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. They say the Kings have a history of donating the facility, free of charge, during a variety of emergencies ranging from floods to Y2K. 60 activities a day, usually cold calls but they allow you to choose what kind of client you reach out to. Jeff last remembers sitting in her office in Sacramento just months earlier, being told that the Kings were going to eliminate his position. 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. 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 . They were a massive disappointment, yes, but also so transcendent for brief moments. 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 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. From the front row of the gallery, she stares into the distance. 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. The Kings, in possession of the original contract, never saw the altered version. "You know what you did. LAC (127) vs SAC (128). 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. Nick Cahill / June 24, 2019. In September, $4.4 million landed in the account of SSP. Knicks-Celtics, 7:30 p.m. 2015-16: Golden 1, Kaiser frauds Amidst the discussion around who the Sacramento Kings draft with the No. All rights reserved. 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. "I've got something really crazy going on at work," she said. 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. 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. The forfeiture team instead works with a real estate team in Los Angeles. * 21+ (19+ CA-ONT) (18+ NH/WY). Jeffrey David, 44, the team's former chief revenue officer, pleaded . Copyright 2000-2023 Sports Reference LLC. Find out the latest on your favorite NBA teams on CBSSports.com. 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As Rich pleads with Jeff, Kate rouses from her trance, shock replaced by resignation. 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. 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. Mavericks-Pelicans, 7:30 p.m. "Giving back to the community, that was always emphasized in my experience there," Stone said. "I can't talk about it, but I'm obsessed. He says he had the mechanics worked out: On July 1, 2026, the Kings would be expecting $5.5 million (per the original payment schedule). Select the players you wish to trade from the rosters below. January 24, 2022 12:01am A Sacramento Kings executive was fined by the NBA for in-game actions, raising a complicated legal question. 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. 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. Very fast paced and high stress environment. 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. Select the third team from the drop down menu. 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. The team gave nearly 3,000 pounds of food to the Sacramento County Office of Education and Sacramento Food Bank. There's no real cost to them," Stone said. 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 . 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. "It tells a better story.". The longer Jeff believes the inquiry is about the title company, the more likely it is that Sommercamp can extract the details he wants. Kate, a chronic worrier about the Davids' growing family, could rest easier knowing he'd secured their future. 2020 CBS Broadcasting Inc. All Rights Reserved. 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. . In its nine years of existence, SSP never undertook any consultancy work. 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. Choose at least two teams from the menus below to start your trade. ", "What's he talking about?! Over a nearly four-year stretch in which he was . David had neglected to leave the digital document when he'd departed for Miami a few weeks earlier. His life is seemingly picture-perfect. All content 2000-2023 RealGM, L.L.C. Sacramento Kings [ edit] After former Kings GM Vlade Divac, Kings assistant GM Peja Stojakovic, and Stockton Kings GM Anthony McClishand stepped down in late 2020, the Kings organization made Joe Dumars their interim executive vice president of basketball operations. Neither was. Select the players you wish to trade from the rosters below. The organization did not provide those numbers. the official stats partner of the NBA, NHL and MLB. Gambling problem? The Kings selected Tyrese Haliburton with the 12th pick in the 2020 NBA Draft. [5] From 2006 to 2007, he was a sports programmer and researcher at STATS LLC. Join our linker program. I have to stay with this. 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 . 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 2009: David sets up SSP Wilcox will support General Manager Monte McNair in all facets of front office operations including roster construction, strategy and player evaluation. When asked whether David's scenario sounds plausible, business operations executives from six NBA teams say they find it far-fetched. "It seemed out of sorts from what our morals and core values were," Peterson said. 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. Logos were compiled by the amazing SportsLogos.net. It's not going to be a big deal.". (These workers are in addition tothe300-400 healthcare professionalsthestatehas hired to work atthefacility.)". Motivated by such prospects, he'd set up a private entity -- Sacramento Sports Partners. The family had spent the weekend at the Ohio State Fair, where two of his three kids won goldfish. 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. 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. Rich and Nancy become incredulous. 4 overall pick in the 2022 NBA Draft, the discourse of shopping the pick has been a quiet Plan B that league. David and his legal team had hoped for a sentence not much longer than two years, but Shubb hands down a term of seven. 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. On September 17, 2020, the Sacramento Kings announced the hire of McNair as the general manager and president of basketball operations. When the session breaks, David's family and friends commiserate with him, but Kate doesn't move. The family feels that seeing their father in a state of incarceration would be too traumatic for his kids. In December, David pleads guilty to wire fraud and aggravated identity theft charges. 2023 CBS Broadcasting Inc. All Rights Reserved. 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 Kings, by contrast, are struggling to convince rival teams that . 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. FIFTEEN DAYS BEFORE David begins serving his sentence, a pressing matter lands on his docket. "I think you're making too much of this," Jeff says. CBS13 asked the Kings to disclose their actual monthly expenses for Sleep Train Arena, not including utilities and staffing that the state is paying for in addition to the $500,000 monthly rent. What did you do?! Joelle Terry Senior Vice President, Communications Joelle Terry serves as the Senior Vice President, Communications of Sacramento Kings. 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. Watch on ESPN+. He has an adoring wife of almost 10 years, three healthy children. / CBS Sacramento. Wegzyn and the Kings brass realized it was time to escalate this homegrown investigation. 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. 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. They state that a lengthy sentence would be an act of vengeance with no practical purpose. 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 . She was consumed by the chase but also suffering from periodic pangs of doubt. "You're probably not going to get that money back," Sommercamp says. A year earlier, Jeff had purchased an $8 million home in Hermosa Beach, 20 miles southwest of Los Angeles. David, 44, siphoned $9 million from the Golden 1 Credit Union and $4.4 million from Kaiser Permanente. To offset the $9 million, David altered the payment schedule of the initial agreement, again forging Granger's signature. What he then did with that money proved far more problematic. "Our money is frozen," Jeff says as Kate listens. David filed this information away. But it did ultimately prove useful. We, however, are providing the use of the team's former practice facility at no cost. Sacramento Kings. They are members of the Pacific Division of the Western Conference in the National Basketball Association (NBA). 2022 season schedule, scores, stats, and highlights.
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