Warriors-Lakers, 3:30 p.m. (ABC) 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. 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. He got to work revising the original paperwork, forging team president Chris Granger's signature and sending a digital file back to Kaiser. Sacramento Kings | LinkedIn 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. Select the third team from the drop down menu. We had an arrangement and we agreed upon it, then everyone moved on.". NBA Player Richaun Holmes Sues Sacramento Bee Parent for Defamation Wegzyn was aware of other entities associated with the Kings' basketball and real estate assets, but this one didn't sound familiar. "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. Summer 2018: Wegzyn finds the trail Founded in 1923, The Sacramento Kings are a professional basketball team based in Sacramento, California, United States. A surge of adrenaline jolted through Wegzyn's body. The organization points to its "In This Together" initiative. David and Golden 1 had a deal structure that included 20 annual payments averaging $5.5 million. Six seasons split between Kansas City and Omaha, and then seven more in just K.C. THE KINGS ENTERED 2015 celebrating their unlikely survival. 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. 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. Watch on ESPN+. "I'll just give the money back," Jeff says. The longer Jeff believes the inquiry is about the title company, the more likely it is that Sommercamp can extract the details he wants. A former top Sacramento Kings executive was sentenced Monday to seven years in prison for siphoning $13.4 million from the team. Sacramento Kings Coach | HoopsHype (These workers are in addition tothe300-400 healthcare professionalsthestatehas hired to work atthefacility.)". Kate dials Bank of America, whose reps bounce her around the after-hours customer service labyrinth. Sommercamp asks Jeff how he found the money to buy it. One Kings co-worker considered him the sort of oleaginous salesman who'd go into business with anyone. [2] Early life [ edit] Born in Chicago, Illinois, Kolokotronis is the second of four daughters born to Greek immigrants. May 7, 2020 / 10:58 PM Grizzlies-Clippers, 10 p.m.Wednesday I am excited to have Wes, Phil and Paul join the front office, said McNair. "I'll go to the FBI. 49ers announce new multi-year broadcast partnership with Sactown Sports Los Angeles Clippers vs Sacramento Kings LIVE Updates: Score, Stream [1][2][3] He was appointed to this position in September 2020, having previously spent 13 years in the Houston Rockets organization. "What happened with Golden 1 and Kaiser probably doesn't happen with American Airlines or Bank of America," says a top NBA team executive. Amidst the discussion around who the Sacramento Kings draft with the No. We have tools and resources that can help you use sports data. 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. 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. Data Provided By Director, Coaching Analytics and Strategy, Melanie StockingSr. Director, Team Operations, Colin MontagueDirector, Basketball Analytics, Penny ChatzisDirector, Team Player Development, Zac HoweHead Strength & Conditioning Coach, Rachel MackPerformance Chef & Nutritionist. "You have to put on real clothes, dude," he tells his 5-year-old son, who finds the proposition that he can't wear pajamas to a suburban shopping mall entirely unconvincing. What is "916 Day"? Here's how you can celebrate all things Sacramento "I need you to listen to me.". "I wouldn't have been contacting you if the deal was covering their costs," Stone said. How NBA executive Jeff David stole $13 million from the Sacramento Kings Contact Us | NBA.com 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. He had launched the first in a series of grifts that would grow from thousands to millions of 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. Still, to Nancy and Rich, he seems oblivious to the depth of his crime. 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. Question, Comment, Feedback, or Correction? 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. What if this is all legit? Michael McCann Jan. No milieu displayed this NBA abundance more than the Lexus Lounge at the Golden 1 Center half an hour before tipoff. Jabour will be primarily responsible for overseeing the structure and processes of the scouting department. 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. 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. $32k-$35k/yr Account Executive, Ticket Sales Job at Sacramento Kings He was gregarious, fond of "hugging it out," able to laugh at himself when less extroverted spirits made light of that exuberance. Pistons vs. Cavaliers: Play-by-play, highlights and reactions "Why is all of our money gone?!" Sacramento Kings. But it's one that will dictate the rest of Jeff David's life. 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. Suns-Mavericks, 1 p.m. (ABC) Free Test. NBA executive mocks Clippers' acquisition of Westbrook Stone was there for nine years and was Senior VP of Arena Services under the Maloofs. Kings Finalize Contracts With Three Assistant Coaches Very fast paced and high stress environment. 3 min read. 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. David's lawyers counter that their client has cooperated fully and presents little risk of recidivism. In September, $4.4 million landed in the account of SSP. Director, Basketball Administration, Robbie LemonsSr. Her bank accounts had been frozen. 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. He says he's investigating a real estate title company. Select the first team from the drop down menu. Account Executive at Sacramento Kings Sacramento, California, United States. All rights reserved. When Golden 1 remitted its first scheduled annual payment, it did so to SSP -- not the Kings. "This was a long, sophisticated course of conduct that required registering LLCs with the state, opening commercial mailboxes in the LLC's name, using the identities and the good names of prominent regional businesspeople, signing their names on LLC documents unbeknownst to them, and using their identities to perpetuate fraud," he says. Former Kings executive Jeffrey David explains decision to steal She was careful not to reveal her intention, not wanting to alarm either entity. Former Sacramento Kings Executives Say The Team Should Not Be Able to Ex-Sacramento Kings Executive Admits To Defrauding Team David and his legal team had hoped for a sentence not much longer than two years, but Shubb hands down a term of seven. "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. To offset the $9 million, David altered the payment schedule of the initial agreement, again forging Granger's signature. Duality underpins practically everything about the brief existence of the KD, Harden and Kyrie Nets. [12][13] The group will join Ken Catanella, who remains with the team as an assistant GM. Ex-Sacramento Kings executive to plead guilty to siphoning $13.4 Select the players you wish to trade from the rosters below. Director, Digital, Content & eSports, Nicole LoscavioSr. ", "Theagreement has also enabled over 100 part-time Kings team members (i.e. "That explanation rings hollow for me," Stone said. David contends that from the moment he diverted funds from Golden 1 and Kaiser Permanente, he intended to repay the money. A History Lesson For Sacramento: How Kansas City Lost The Kings - Deadspin 1948-49 to 2022-23. The Sacramento Bee was the outlet that published the allegations made by. 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. The reality is there are only four real contenders. Jeff assures her they can trash them because the entity isn't around anymore. Jeffrey David, 44, the team's former chief revenue officer, pleaded . How do you repay money to a team that doesn't know anything has been stolen? But it's when Sommercamp asks about how he obtained signatures from his partners in Sacramento that Jeff knows it's time to suspend his cheery front. San Diego State University. The masculine minimalism looked familiar to anyone who has walked into a boutique hotel in the past decade. Sacramento Kings Staff & Executives - RealGM Sacramento Kings Staff & Executives Team: Season: Current | Historical View: Person View | Grid View 216 staff members found. Peterson and Stone also pointed out, unlike previous ownerships, the Kings are now subsidized by the state. 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.". Officials from Golden 1, Kaiser Permanente and Van Wagner declined to comment. Knicks-Celtics, 7:30 p.m. Sacramento Kings: Former exec pleads guilty to defrauding team - Sports It, too, is frozen. 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. Claiming that expenses were piling up as the Kings tried to complete construction of the new arena, David asked Kaiser if it would add a $4.4 million upfront payment in lieu of an escalator. 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. [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.". The Kings, who are in third place, are an explosive offensive team; they average a league-high 120.7 points per game. When asked whether David's scenario sounds plausible, business operations executives from six NBA teams say they find it far-fetched. 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Sacramento Kings Staff & Executives - RealGM "Giving back to the community, that was always emphasized in my experience there," Stone said. As the person principally responsible for selling associations to these famous athletes, David was a fixture on the event level, too. But this was the nerve center of Jeff's world. Why did Jeff David steal $13.4M from the Kings? . 75; What Wegzyn didn't yet have were whatever contracts David had drawn up to lure Golden 1 and Kaiser Permanente into his scheme. In the 2021 NBA Draft, McNair and the Kings showed they wanted to improve their defense after having a historically bad defensive year. They were a massive disappointment, yes, but also so transcendent for brief moments. Select the fourth team from the drop down menu. 2019: Begins seven-year sentence. After restitution is paid to the Kings and other wronged parties, the remaining money goes to an asset forfeiture fund that compensates crime victims. Then drop a silly rap lyric about an account.". Sacramento Kings - Basketball-Reference.com CFOs swap accounts of stress-testing their team's internal checks and balances to protect against potential fraud.