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It was audacious and, in David's mind, airtight. Suns-Mavericks, 1 p.m. (ABC) This agent, John Sommercamp, finds Kate and Jeff in the kitchen, where he tells them they might be the victims of fraud. However, the former VPs point out that the state is paying for those employees on top of the $500,000 rent. And it was cold. 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. Choose at least two teams from the menus below to start your trade. On this Monday, walking through the Davids' new front door is a dizzying procession of cable guys, utility workers and movers. The Sacramento Bee's Jason Anderson dove into the Kings' perspective further. 60 activities a day, usually cold calls but they allow you to choose what kind of client you reach out to. 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. Sacramento Kings event. 'Whatever seed we are, we're ready': Is there room for Cleveland among the East elite? 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. Kate, a chronic worrier about the Davids' growing family, could rest easier knowing he'd secured their future. 25% of those beds (to serve COVID-positive patients) are located in the team's former practice facility adjacent to the arena which was provided to the state at no cost. When asked for the motivation behind the theft, David, years later, gives no unified theory. Questions raged about how a credit union tasked with protecting the savings of teachers and a health care nonprofit could be snookered out of millions by a single individual. 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. Eventually, she'd stumbled onto a folder titled "TurboTax," whose first item was a depreciation schedule for a home. 2016: Purchases beach homes 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. After three unsuccessful trials, for your security, your access has to be interrupted for 10 minutes. 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.". Per team policy, terms of the agreements were not disclosed. Report this profile . Rival executives lauded the Hawks for the hiring of Snyder, according to Michael Scotto of HoopsHype, who spoke to Williams for the latest HoopsHype podcast. Watch our How-To Videos to Become a Stathead, Subscribe to Stathead and get access to more data than you can imagine. These three executives join Chief Strategy Officer Joe Dumars, Assistant General Manager Ken Catanella, Vice President of Athlete Health and Performance Teena Murray and Vice President of Kings Academy and Professional Development Galen Duncan in rounding out McNairs management team. His first opportunity came that year when Van Wagner, a New York-based sports marketing firm, placed a routine call to David. Former Sacramento Kings executive Jeffrey David was sentenced to seven years in prison on Monday after he pleaded guilty to embezzling more than $13 million from the team's sponsorship deals . She also noted that the Kings were one of many teams that agreed to pay game-day workers through the month of March and that they donated nearly 3,000 pounds of excess stadium food. It's no surprise that Sacramento would be willing to package Buddy Hield, Marvin Bagley III and multiple. Jeff tells her that's unlikely. All the money's there. 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. 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. As rewarding as sales work can be on behalf of a pro basketball team, it hadn't satisfied Jeff's thirst for more. 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. LAC (127) vs SAC (128). To learn more or opt-out, read our Cookie Policy. Then drop a silly rap lyric about an account.". They are members of the Pacific Division of the Western Conference in the National Basketball Association (NBA). 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. What if I'm wrong? 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. They state that a lengthy sentence would be an act of vengeance with no practical purpose. 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. (3/13/20), First published on May 7, 2020 / 10:58 PM. . Matina Kolokotronis serves as the Chief Operating Officer (COO) of the Sacramento Kings. 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. Courthouse in Sacramento early on June 24, 2019. "What happened with Golden 1 and Kaiser probably doesn't happen with American Airlines or Bank of America," says a top NBA team executive. Kate dials Bank of America, whose reps bounce her around the after-hours customer service labyrinth. Current heads of basketball operations in the, Note: Those listed here hold one or more of the titles, "Rockets' Monte McNair Hired as Kings' Head of Basketball Operations", "Kings Name Monte McNair General Manager", "Monte McNair - General Manager, Basketball Operations at Sacramento Kings", "Local chatter: Oak Park grad Monte McNair returns west as Sacramento Kings general manager", "Kings GM Candidate Profile: Monte McNair", "Rockets VP Monte McNair on expectations, fit, today's NBA", "Kings Hire Monte McNair As Head Of Basketball Operations", "Kings assistant GM Peja Stojakovic step down after Vlade Divac leaves", "Kings Part Ways With G League GM Anthony McClish", "Sacramento Kings interview Denver Nuggets' Calvin Booth for GM opening", "Kings GM Monte McNair hires Wes Wilcox, Phil Jabour, Paul Johnson to fill out front office", "76ers' Phil Jabour Joins Sacramento Kings' Front Office", "Kings Exercise Option on Tyrese Haliburton", https://en.wikipedia.org/w/index.php?title=Monte_McNair&oldid=1135505392, National Basketball Association general managers, Short description is different from Wikidata, Creative Commons Attribution-ShareAlike License 3.0, President of basketball operations, general manager, This page was last edited on 25 January 2023, at 01:44. 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. Former Sacramento Kings executive Greg Van . (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. Four blocks down L Street was the capital of the world's fifth-largest economy, and the lobbyists who grease the wheels of that engine were there at one of 41 exclusive parties per season. 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.". [1][2][3] He was appointed to this position in September 2020, having previously spent 13 years in the Houston Rockets organization. Contact Information Website www.kings.com Formerly Known As Rochester Seagrams Ownership Status Acquired/Merged Team Names: It's not uncommon in the NBA for one franchise to buy assets from another -- suites, signage, logo rights -- to construct a multimarket agreement for a corporate sponsor. The NBA announced on Thursday that it's fining the Kings $50,000 . "I was just curious what that is and if those are documents that should go to somebody else," Wegzyn says. 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. "I'm going to tell you, but I need you to hear me out," he says. The next summer, David left the Kings for the Heat. - Develop Fan Experience strategy to sell $100k in experiences through the Kings App. Select the fourth team from the drop down menu. 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.". Choose at least two teams from the menus below to start your trade. 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. 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. David filed this information away. Very fast paced and high stress environment. This is the first moment when Kate, remarkably stoic throughout the 90-minute sentencing, visibly cries. Terms at draftkings.com/sportsbook. 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! she screams at Jeff, who seems oddly sanguine for a man who suddenly doesn't have the liquidity to order takeout. Jeff explains -- the visit from the FBI earlier in the day, the full breadth of the scam. "Jeff David was a lone operator.". Kate grasps for any theory, speculating that the agents might have been con artists posing as Feds to fleece the family. "The Greatest Show on Court," none of us would Jeff sits on the bed next to his wife and places his hand on her knee. There have been so many weird things that have happened over the years with this club, which was incredible in . 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 San Francisco 49ers today announced a new multi-year broadcast partnership with Sactown Sports 1140AM, the local sports leader for the Sacramento metropolitan area. Knicks-Celtics, 7:30 p.m. It was looking to broker courtside signage for Peak Sport, a sportswear company. (3/30/20), With Golden 1 Center effectively closed because of COVID-19, the Sacramento Kings had some food on their hands and decided to donate that food to the local community. He won't see the children at all for the next several years. Then Sacramento's vice president of corporate partnerships, David feared he'd have to make ends meet as a private sports marketing consultant. Could this trade come down to the wire a la Jimmy Butlers exit from Chicago to Minnesota? When the session breaks, David's family and friends commiserate with him, but Kate doesn't move. [6], In 2007, McNair joined the Houston Rockets as the basketball operations senior analyst. Former Sacramento Kings executive Jeffrey David was responsible for creating streams of revenue for the team. And after two stints with the Kings spanning more than a decade -- while helping secure hundreds of millions of dollars in arena sponsorships for the team -- he has joined one of the NBA's most respected organizations in an appealing, sun-drenched market. "I wouldn't have been contacting you if the deal was covering their costs," Stone said. Given the circumstances, they're worried David might try to arrange a questionable below-market deal with a side payment to himself or a friend. Call 1-800-GAMBLER. But on his way out, he had left behind a digital trail. The family feels that seeing their father in a state of incarceration would be too traumatic for his kids. San Diego State University. "You're probably not going to get that money back," Sommercamp says. He joined the Cavaliers in 2003 and held the roles of Advance Scout, College Scout, Pro Personnel Scout and Assistant Coach, prior to his promotion to Director of Player Personnel. "I'm in really big trouble," Jeff says to Kate's mother, Nancy, and her partner, Rich. The amount represented a relatively small sum for a franchise that would generate some $13 million in sponsorship revenue that season. 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. David offers a broad outline of the Golden 1 and Kaiser Permanente schemes. SACRAMENTO, Calif. (CN) - Capping a corporate embezzlement scheme executed inside the headquarters of a major sports franchise, a federal judge on Monday sentenced a former Sacramento Kings executive to seven years in prison for a series of white-collar crimes. We asked how much they think the Kings should be charging under these circumstances. Please enter valid email address to continue. Now, in the wee hours of Wednesday morning, Wegzyn's husband, Mark, found her sitting at her kitchen table, hunched over her laptop. Summer 2018: Wegzyn finds the trail 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. [15] Nick Cahill / June 24, 2019. What if this is all legit? 2009: David sets up SSP Jeff retreats to a back bedroom with Sommercamp, who wants Jeff relaxed and comfortable, a willing conversationalist. It is July 2018, and much of David's family is on hand to help with the move. Jeff calls Sommercamp and puts him on speakerphone. 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). [2] Early life [ edit] Born in Chicago, Illinois, Kolokotronis is the second of four daughters born to Greek immigrants. That is why they made several moves at the trade deadline. Where, according to an article in Fortune, the prison currency comes in the form of tins of cooked mackerel. She searched David's emails for any connection to the address in Manhattan Beach or Sacramento Sports Partners. 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. 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 Use without license or authorization is expressly prohibited. Select the players you wish to trade from the rosters below. "It tells a better story.". 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. The Kings had missed the postseason for the past 14 consecutive seasons going back to 2006 - the longest active drought and one shy of the NBA record held by the Buffalo/San Diego/Los Angeles Clippers. They say the Kings have a history of donating the facility, free of charge, during a variety of emergencies ranging from floods to Y2K. But he had a desire for more. The party, say sources with knowledge of the event, cost between $150,000 and $200,000. She finally learns that there's a freeze on the family account. 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. IT WAS ONLY one document -- one ordinary little document -- that Stacy Wegzyn had needed from Jeff David. 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. 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. 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 "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. 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. How do you repay money to a team that doesn't know anything has been stolen? David also doesn't disclose information about the 2012 instance of fraud until Assistant U.S. Attorney Matt Yelovich brings it up. Johnson will lead Stocktons front office and have a hand in multiple aspects of Kings basketball operations. "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. The family had spent the weekend at the Ohio State Fair, where two of his three kids won goldfish. Does Jeff truly believe that the only item on his to-do list is restitution? 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. Jabour made his NBA debut as Daryl Moreys first scouting/personnel hire with the Houston Rockets in 2006.