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On September 17, 2020, the Sacramento Kings announced the hire of McNair as the general manager and president of basketball operations. The 29-year-old Holmes, who is in his eighth NBA season, was accused of domestic violence by his ex-wife last March. Prior to that promotion, Johnson was a Pro Evaluation Coordinator after having worked in different capacities for the Oklahoma City Thunder since 2015. Peterson and Stone also pointed out, unlike previous ownerships, the Kings are now subsidized by the state. You gotta admire Scot's remarkable humility Whenever we talk about the 2000s Sacramento Kings, a.k.a. Everyone will get their money back, and it'll be OK. 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. 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. Odds & lines subject to change. January 24, 2022 12:01am A Sacramento Kings executive was fined by the NBA for in-game actions, raising a complicated legal question. From the front row of the gallery, she stares into the distance. Just zeros. 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. Jeff sits on the bed next to his wife and places his hand on her knee. Find out the latest on your favorite NBA teams on CBSSports.com. Eventually, she'd stumbled onto a folder titled "TurboTax," whose first item was a depreciation schedule for a home. 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. They say there was a consensus that the monthly expenses for the arena were far less than what the Kings are charging the state. 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. Sacramento took Keegan Murray at No. Multiple sources in Sacramento portray Golden 1 as an institution eager to make a splash in the market it has championed passionately. 60 activities a day, usually cold calls but they allow you to choose what kind of client you reach out to. she screams at Jeff, who seems oddly sanguine for a man who suddenly doesn't have the liquidity to order takeout. Confirm that your trade proposal is valid according to the NBA collective bargaining agreement. She asks Jeff whether the documents contain anything that anyone with the Kings needs to see. At group dinners and in casual conversations, execs who worked with David try to recall instances that might have marked him as a crook. 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. NBA.com is part of Warner Media, LLCs Turner Sports & Entertainment Digital Network. Choose at least two teams from the menus below to start your trade. 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. An inquisitive bean counter with the Kings could assume that any new signage in the arena must be part of a larger advertising buy. It, too, is frozen. However, the former VPs point out that the state is paying for those employees on top of the $500,000 rent. "Why is all of our money gone?!" ", "Jeff is white-collar meets surfer dude, the consummate bro," says a former Kings co-worker on the business operations side. 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. Suns-Mavericks, 1 p.m. (ABC) According to . On occasion, Ranadive walked into the building alongside celebrities such as Drake and Jamie Foxx. 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. Officials from Golden 1, Kaiser Permanente and Van Wagner declined to comment. When Golden 1 remitted its first scheduled annual payment, it did so to SSP -- not the Kings. David offers a broad outline of the Golden 1 and Kaiser Permanente schemes. Knicks-Celtics, 7:30 p.m. She wanted to move quickly. 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. Description Operator of a professional basketball team. "It tells a better story.". 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. [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.". "We are always happy . Choose at least two teams from the menus below to start your trade. So when they later learned the Kings were actually charging the state half a million dollars a month to rent the arena in addition to utilities and employee salaries, which the state also has to pay "Everyone I talked to just couldn't believe it," Stone said. 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. Join us for a March Madness Webinar on Tuesday, March 7 at 8pm ET. 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. All the money's there. Disgraced former Sacramento Kings executive Jeffrey David has been handed a seven-year jail sentence after being found guilty of stealing $13.4 million USD from the NBA franchise. Select the third team from the drop down menu. 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. The Kings, in possession of the original contract, never saw the altered version. The Sacramento Kings are having a rough go with clock operators this week. "What happened with Golden 1 and Kaiser probably doesn't happen with American Airlines or Bank of America," says a top NBA team executive. "That was the tradition of the Kings, and what originally was Arco Arena," Peterson said. Sacramento Kings Staff & Executives - RealGM Sacramento Kings Staff & Executives Team: Season: Current | Historical View: Person View | Grid View 216 staff members found. 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. By choosing I Accept, you consent to our use of cookies and other tracking technologies. It contains the objects of Jeff David's life, all destined for the Davids' new house in the affluent Pinecrest neighborhood. 2011: Named Kings CRO 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.". It's not going to be a big deal.". Golden 1 and Kaiser Permanente wired millions to an entity they hadn't vetted without asking David to loop in his legal and finance counterparts. 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. Wegzyn asked Thomas to set up a meeting. Founded in 1923, The Sacramento Kings are a professional basketball team based in Sacramento, California, United States. 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. Watch on ESPN+. 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. Leaving out pertinent facts will be considered a lie. She finally learns that there's a freeze on the family account. Or write about sports? "Our money is frozen," Jeff says as Kate listens. ", Wegzyn presses on. "The King's Foundation does a great job right now. 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. The Sacramento Bee was the outlet that published the allegations made by. David's lawyers counter that their client has cooperated fully and presents little risk of recidivism. FIFTEEN DAYS BEFORE David begins serving his sentence, a pressing matter lands on his docket. 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. 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. Deals like this often have "escalators," an excess amount paid each year to account for inflation or increased operating costs -- akin to a cost-of-living adjustment. "I knew how the Kings operated," David says. 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. 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. The former Kings executive reportedly ran a sophisticated money-laundering scheme. "I need you to listen to me.". 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. Peterson was with the organization for 25 years under three different owners. If he knows that -- or senses it -- he doesn't let on. 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 reasons for their failure may have been inherent to the whole project. Jeff last remembers sitting in her office in Sacramento just months earlier, being told that the Kings were going to eliminate his position. Raptors-Clippers, 10 p.m. *All times Eastern. Even the head coach pulled in almost $4 million per season. "I think you're making too much of this," Jeff says. [5] From 2006 to 2007, he was a sports programmer and researcher at STATS LLC. The reality is there are only four real contenders. Now, in the wee hours of Wednesday morning, Wegzyn's husband, Mark, found her sitting at her kitchen table, hunched over her laptop. / CBS Sacramento. Select the players you wish to trade from the rosters below. The team's star, DeMarcus Cousins, earned $17 million. Joelle Terry Senior Vice President, Communications Joelle Terry serves as the Senior Vice President, Communications of Sacramento Kings. All rights reserved. THE MOVING VAN from Sacramento chokes its way through Miami's thick August air. "The Sacramento Kings, Stockton Kings, Kings Guard Gaming and Golden 1 Center have joined forces to educate, entertain, provide support and bring acts of kindness or "Kings-ness" to the community," a spokesperson said in an email. 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. He has six months before returning to Sacramento for sentencing. From the exposed wall of the lounge, guests watched Kings players dash to and from the locker room and court for warm-ups. Grizzlies-Clippers, 10 p.m. Mavericks-Pelicans, 7:30 p.m. Select the fourth team from the drop down menu. 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. "Let's close some phone numbers" in David-speak meant he wanted the Kings' sales team to craft some seven-digit sponsorship agreements. ", "What's he talking about?! "I can't talk about it, but I'm obsessed. 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. Copyright 2000-2023 Sports Reference LLC. Amid all of this, Jeff receives a phone call from a former co-worker with the Kings. She'd told the Kings' IT department that she needed access to David's email. 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. The organization points to its "In This Together" initiative. 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. 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. We have tools and resources that can help you use sports data. In its nine years of existence, SSP never undertook any consultancy work. Fifteen years in Cincinnati. 2009: David sets up SSP Jeff wears a double-vented navy suit, whiskey-colored shoes and thick-framed glasses; Kate is in a black dress. Summer 2018: Wegzyn finds the trail 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. David and his legal team had hoped for a sentence not much longer than two years, but Shubb hands down a term of seven. 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. Find out more. 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 Kings co-worker considered him the sort of oleaginous salesman who'd go into business with anyone. He promptly returned the $6 million and instructed Golden 1 to wire the funds to the Kings' primary account. Maybe 2015? While working for the Rockets team, his organization reached the NBA playoffs for eight consecutive years, including two Western Conference Finals appearances. "Giving back to the community, that was always emphasized in my experience there," Stone said. Sacramento Kings Vice President of Basketball Operations and General Manager Vlade Divac today named Dave Joerger as the team's new head coach. However, they said that few teams are profitable year to year and they note that many businesses will lose money, along with the state. 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. Kevin Arnovitz explains what the possible motivations were for former Kings executive Jeff David siphoning millions of dollars from the team. This is the first moment when Kate, remarkably stoic throughout the 90-minute sentencing, visibly cries. 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. 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. With David no longer present to service the Golden 1 account or run interference, the fraud would be nearly impossible to manage. [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. Select the third team from the drop down menu. They wanted to go local. If you are having difficulty accessing any content on this website, please visit our Accessibility page. Warriors-Lakers, 3:30 p.m. (ABC) One executive in the finance department of an NBA team says, "We invoice everything -- even signed contracts. The same . 4 pick for immediate help, De'Aaron Fox scores 33 points to lead Kings past Clippers 128-127. Still, in a Kings organization often beset by palace intrigue, many colleagues found Jeff to be a reassuring voice who preached the virtues of "not sweating the small stuff." But on his way out, he had left behind a digital trail. [4], McNair earned a Bachelor of Science degree in computer science from Princeton University in 2006. Jabour was hired by the Rockets after working as a support staff member with USA Basketball in 2006 following four years on staff with Arizona State mens basketball program. It's a seemingly innocuous inquiry from an HR lifer. To offset the $9 million, David altered the payment schedule of the initial agreement, again forging Granger's signature. 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. David also doesn't disclose information about the 2012 instance of fraud until Assistant U.S. Attorney Matt Yelovich brings it up. [1][2][3] He was appointed to this position in September 2020, having previously spent 13 years in the Houston Rockets organization. "We're partners. In scouring David's correspondences, it appeared as if he'd been working to sell one of the properties. Dec. 2018: David pleads guilty 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 . In 2012, approaching his 40s, David was earning a low-to-mid-six-figure salary. The mutual trust between David and the sponsors was unassailable -- enough to even navigate a snafu that could have derailed his entire scheme. 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 Her name is Stacy Wegzyn, and she works in HR. The average Sacramento Kings executive makes $274,769 a year. 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. Between the two of them, they spent nearly 30 years with the Kings. One week after her first foray into David's underworld, Wegzyn had struck the mother lode. Sommercamp has questions. "It seemed out of sorts from what our morals and core values were," Peterson said. There have been so many weird things that have happened over the years with this club, which was incredible in . Select the fourth team from the drop down menu. 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. Kate toggles over to the family's secondary account at Wells Fargo. tenants renting space in the building or revenue from the parking lots) as a result of the surge hospital.". 4 overall pick in the 2022 NBA Draft, the discourse of shopping the pick has been a quiet Plan B that league. $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. "This is Stacy with the Kings," she told the rep in accounts payable at each organization. For each of our 1,114,789 listed executives, discover their exact roles and their biographies. (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. [15] 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. (3/13/20), First published on May 7, 2020 / 10:58 PM. Duality underpins practically everything about the brief existence of the KD, Harden and Kyrie Nets. There's no real cost to them," Stone said. "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. 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. Neither was. While attending college, McNair was a wide receiver on the football team. It's a schmoozy industry conclave where David had once thrived, and this year he is at the center of attention in absentia. "I was just curious what that is and if those are documents that should go to somebody else," Wegzyn says. May 7, 2020 / 10:58 PM And even though he was earning $360,000 per year plus bonuses, just about everyone in here made more than he did. SACRAMENTO, Calif. A former executive with the Sacramento Kings has been sentenced to seven years in prison for stealing millions of dollars from the NBA team, according to the U.S.. 60 activities a day, usually cold calls but they allow you to choose what kind of client you reach out to. 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. 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! When she found a receptive party at Golden 1, she emailed him the list of legitimate Kings entities, burying SSP in the middle. Raptors-Clippers, 10 p.m. His style wasn't for everyone. 2016: Purchases beach homes Director, Partnership Marketing & Business Development, Jozee PerrelliDirector, Box Office Operations, Colin WarnerDirector, Business Intelligence, Karl CrudupDirector, Event Sales & Production, Michael RamosDirector, Groups & Hospitality, Nichole AmbergDirector, Interactive Design & Strategy, Allison ChandlerDirector, Marketing & Advertising, Kelsey KauffroathDirector, Marketing & Fan Engagement, Matthew JohnsonDirector, Membership Sales & Sales Enablement, Nick CooperDirector, Membership Services & Retention, Kamilah JohnsonDirector, Retail Merchandise, Katie NicholsonDirector, Social Responsibility, Meryl BalalisDirector and Sr. He spent the 2015-16 NBA season stealing more money than most Kings players earned on the court.