sacramento kings executives
Kings drafting Keegan Murray could turn into Jaden Ivey regret "Why is all of our money gone?!" Sacramento Kings event. He has six months before returning to Sacramento for sentencing. Watch on ESPN+, Follow Zion, Ja, RJ, De'Andre, Coby and more top rooks as they balance basketball and life during an exciting NBA season. One week after her first foray into David's underworld, Wegzyn had struck the mother lode. 2015-16: Golden 1, Kaiser frauds If you are having difficulty accessing any content on this website, please visit our Accessibility page. He tries to establish a personal rapport with the government's lawyers, but few professions are more impervious to a salesman's charm than that of government lawyer. Rich and Nancy become incredulous. 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. David and his legal team had hoped for a sentence not much longer than two years, but Shubb hands down a term of seven. ", "Jeff is white-collar meets surfer dude, the consummate bro," says a former Kings co-worker on the business operations side. We had an arrangement and we agreed upon it, then everyone moved on.". Kate dials Bank of America, whose reps bounce her around the after-hours customer service labyrinth. Their diverse skill sets and unique perspectives will add valuable knowledge and innovative thinking as we focus on executing our vision of building a winning culture in Sacramento.. In addition to the duties as Manager, Sales Operations. A former Sacramento Kings executive was sentenced to seven years in federal prison Monday for embezzling more than $13 million from the NBA team. January 24, 2022 12:01am A Sacramento Kings executive was fined by the NBA for in-game actions, raising a complicated legal question. "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. "No, no, no," Jeff responds. 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. 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. The SPORTS REFERENCE and STATHEAD trademarks are owned exclusively by Sports Reference LLC. 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. The Kings are closing in on the Memphis Grizzlies in the standings. 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. At group dinners and in casual conversations, execs who worked with David try to recall instances that might have marked him as a crook. Very fast paced and high stress environment. Jeff assures her they can trash them because the entity isn't around anymore. 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 Coach | HoopsHype Now, in the wee hours of Wednesday morning, Wegzyn's husband, Mark, found her sitting at her kitchen table, hunched over her laptop. [7] Highly regarded executive Daryl Morey (who was the president of basketball operations of the Rockets at this time) said in 2018, "Monte has been absolutely critical to the success of the Rockets over his long tenure.". In the 2021 NBA Draft, McNair and the Kings showed they wanted to improve their defense after having a historically bad defensive year. Still, to Nancy and Rich, he seems oblivious to the depth of his crime. 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. Los Angeles Clippers vs Sacramento Kings LIVE Updates: Score, Stream The party, say sources with knowledge of the event, cost between $150,000 and $200,000. 2012: Van Wagner fraud But multiple sources who have come through the Kings organization over the past decade say the organization had systemic flaws that left it susceptible during much of David's tenure. The Kings were heavily favored to either draft Purdue's Jaden Ivey among. 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. When asked for the motivation behind the theft, David, years later, gives no unified theory. Former Sacramento Kings executive Jeffrey David submitted a letter seeking leniency last week, ahead of his sentencing in connection with a case where he stole money intended for team. He had launched the first in a series of grifts that would grow from thousands to millions of dollars. We asked how much they think the Kings should be charging under these circumstances. 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. The agent gets more specific, probing the mechanics of Sacramento Sports Partners' formation. Ex-Sacramento Kings Executive Admits To Defrauding Team "I lost the respect I had," David tells Judge William B. Shubb. 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. 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. Copyright 2000-2023 Sports Reference LLC. "It's like a money grab.". Dec. 2018: David pleads guilty Wegzyn asked Thomas to set up a meeting. He strongly suspects he's the perpetrator of a felony. 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. "What happened with Golden 1 and Kaiser probably doesn't happen with American Airlines or Bank of America," says a top NBA team executive. The team's new vice president of security operations, Dave Thomas, spent nearly 30 years in law enforcement with the FBI and Secret Service. Summer 2018: Wegzyn finds the trail "The monthly lease amount for Sleep Train Arena (including 4,000 parking spaces) is a discounted rate. Golden 1 Center | 500 David J Stern Walk | Sacramento, CA 95814. The masculine minimalism looked familiar to anyone who has walked into a boutique hotel in the past decade. the official stats partner of the NBA, NHL and MLB. . David, 44, siphoned $9 million from the Golden 1 Credit Union and $4.4 million from Kaiser Permanente. 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 JEFF, KATE AND their families arrive at the U.S. 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. 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. 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. 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. His first opportunity came that year when Van Wagner, a New York-based sports marketing firm, placed a routine call to David. Amidst the discussion around who the Sacramento Kings draft with the No. However, the former VPs point out that the state is paying for those employees on top of the $500,000 rent. "Jeff David was a lone operator.". THE KINGS ENTERED 2015 celebrating their unlikely survival. Eventually, she'd stumbled onto a folder titled "TurboTax," whose first item was a depreciation schedule for a home. They say there was a consensus that the monthly expenses for the arena were far less than what the Kings are charging the state. He has an adoring wife of almost 10 years, three healthy children. Former Sacramento Kings executive Jeffrey David was responsible for creating streams of revenue for the team. The Kings had given David an autonomy he could exploit. Amid all of this, Jeff receives a phone call from a former co-worker with the Kings. There have been so many weird things that have happened over the years with this club, which was incredible in . Sacramento Kings Executive Team | Comparably (These workers are in addition tothe300-400 healthcare professionalsthestatehas hired to work atthefacility.)". Join to view profile Sacramento Kings. The organizational chart of Sacramento Kings displays its 36 main executives including John Rinehart, Matina Kolokotronis and Tom Hunt . Ex-Sacramento Kings executive to plead guilty to siphoning $13.4 David left for a brief stint with the NBA league office before returning to Sacramento in 2011 as CRO. Kevin Arnovitz explains what the possible motivations were for former Kings executive Jeff David siphoning millions of dollars from the team. All rights reserved. Ex-Sacramento Kings Exec Gets 7 Years for $13M Fraud Scheme During this extended playoff drought, the Kings had 10 different head coaches. To make up the shortfall, David says he planned to wire the missing amount to the Kings. All content 2000-2023 RealGM, L.L.C. Call 1-800-GAMBLER. A week after signing the initial monthly rental agreement, with a $2 million maximum, the state signed an amended agreement which increased the maximum payment to $3 million to cover the cost of paying staff wages in addition to utilities. Nearby, a shrine commemorated Ranadive's meetings with global celebrities. The next summer, David left the Kings for the Heat. . (3/14/20), The Kings are one of many teams who have said they will pay their game-day workers throughout the month of March. "You could come work for us," Sommercamp told Wegzyn. Do you have a sports website? Select the players you wish to trade from the rosters below. McNair was then promoted to director of basketball operations in 2013, VP of basketball operations in 2016, and assistant GM in 2018. 2020 CBS Broadcasting Inc. All Rights Reserved. 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. Former Sacramento Kings executive Greg Van . Select the first team from the drop down menu. Tools and Resources Used by Real General Managers. 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. It occurs to the U.S. attorneys that David might not realize it's that conversation that implicated him. [4], McNair earned a Bachelor of Science degree in computer science from Princeton University in 2006. Jeff tells her that's unlikely. A former executive from the NBA's Sacramento Kings has been accused of taking $13.4m from two sponsors, according to The Sacramento Bee. Confirm that your trade proposal is valid according to the NBA collective bargaining agreement. 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. You gotta admire Scot's remarkable humility Whenever we talk about the 2000s Sacramento Kings, a.k.a. Jeff calls Sommercamp and puts him on speakerphone. She'd told the Kings' IT department that she needed access to David's email. Owner Vivek Ranadiv said, "I am excited to bring his extensive experience and vision onboard to lead our basketball operations department. (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. 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. From the exposed wall of the lounge, guests watched Kings players dash to and from the locker room and court for warm-ups. Warriors-Lakers, 3:30 p.m. (ABC) What's going on?!". In August 2018, the Kings' senior vice president of human resources had been looking for a copy of a commission structure to build out the corporate sales team. The 29-year-old Holmes, who is in his eighth NBA season, was accused of domestic violence by his ex-wife last March. Subscribe to Stathead Basketball: Get your first month FREEYour All-Access Ticket to the Basketball Reference Database. ", 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.". In 2012, approaching his 40s, David was earning a low-to-mid-six-figure salary. 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 . "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. On occasion, Ranadive walked into the building alongside celebrities such as Drake and Jamie Foxx. Mavericks-Pelicans, 7:30 p.m. FIFTEEN DAYS BEFORE David begins serving his sentence, a pressing matter lands on his docket. Then Sacramento's vice president of corporate . Our reasoning for presenting offensive logos. I have to stay with this. 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. 4 overall pick in the 2022 NBA Draft, the discourse of shopping the pick has been a quiet Plan B that league. THE MOVING VAN from Sacramento chokes its way through Miami's thick August air. Data Provided By It's a schmoozy industry conclave where David had once thrived, and this year he is at the center of attention in absentia. In December, David pleads guilty to wire fraud and aggravated identity theft charges. But unbeknownst to the higher-ups, he kept negotiating. NBA executives believe Kings could trade No. 4 pick for immediate help The team gave nearly 3,000 pounds of food to the Sacramento County Office of Education and Sacramento Food Bank. 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. 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.". In scouring David's correspondences, it appeared as if he'd been working to sell one of the properties. 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. Former Kings executive Jeffrey David explains decision to steal Jeff volunteers that Golden 1 and Kaiser Permanente, two major sponsors with the Kings, are partners. But the forfeiture team has arranged to sell far more complex assets than beach homes. Every Sports Reference Social Media Account, Site Last Updated: Saturday, March 4, 6:46PM. IT WAS ONLY one document -- one ordinary little document -- that Stacy Wegzyn had needed from Jeff David. If he knows that -- or senses it -- he doesn't let on. We did point out to the men that the Kings are likely to make less money this year due to stadium fan restrictions and a shortened season if they do go back. Sacramento Kings executive allegedly took sponsorship money Monte McNair is an American sports executive who is the general manager and president of basketball operations for the Sacramento Kings. Sacramento Kings Profile and History . The cash used in the purchases was almost entirely the millions sent to Jeff by Golden 1 and Kaiser Permanente. Johnson played collegiately at La Salle University in the Atlantic 10 Conference, where he was team captain of the mens basketball team and graduated in 2009. How do you repay money to a team that doesn't know anything has been stolen? The reality is there are only four real contenders. Org Chart Sacramento Kings - The Official Board He was gregarious, fond of "hugging it out," able to laugh at himself when less extroverted spirits made light of that exuberance. Sacramento Kings: Former exec pleads guilty to defrauding team - Sports May 7, 2020 / 10:58 PM Odds & lines subject to change. Where, according to an article in Fortune, the prison currency comes in the form of tins of cooked mackerel. Sacramento Kings Vice President of Basketball Operations and General Manager Vlade Divac today named Dave Joerger as the team's new head coach. 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). * 21+ (19+ CA-ONT) (18+ NH/WY). "This happened over many, many years.". "I can't talk about it, but I'm obsessed.