While working for the Rockets team, his organization reached the NBA playoffs for eight consecutive years, including two Western Conference Finals appearances. Jeffery R. David, the former Chef Revenue Officer of the NBA As the person principally responsible for selling associations to these famous athletes, David was a fixture on the event level, too. A surge of adrenaline jolted through Wegzyn's body. However, they said that few teams are profitable year to year and they note that many businesses will lose money, along with the state. Golden 1 Center | 500 David J Stern Walk | Sacramento, CA 95814. Join to view profile Sacramento Kings. May 7, 2020 / 10:58 PM . 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. Fifteen years in Cincinnati. 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. Jabour will be primarily responsible for overseeing the structure and processes of the scouting department. 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. You gotta admire Scot's remarkable humility Whenever we talk about the 2000s Sacramento Kings, a.k.a. In September, $4.4 million landed in the account of SSP. Account Executive at Sacramento Kings Sacramento, California, United States. Question, Comment, Feedback, or Correction? Courthouse in Sacramento early on June 24, 2019. It is July 2018, and much of David's family is on hand to help with the move. "They're not providing any of that. Kevin Arnovitz explains what the possible motivations were for former Kings executive Jeff David siphoning millions of dollars from the team. 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 mutual trust between David and the sponsors was unassailable -- enough to even navigate a snafu that could have derailed his entire scheme. 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. 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. 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. 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. CFOs swap accounts of stress-testing their team's internal checks and balances to protect against potential fraud. A former executive from the NBA's Sacramento Kings has been accused of taking $13.4m from two sponsors, according to The Sacramento Bee. Select the third team from the drop down menu. In December, David pleads guilty to wire fraud and aggravated identity theft charges. Monte McNair is an American sports executive who is the general manager and president of basketball operations for the Sacramento Kings. McNair was then promoted to director of basketball operations in 2013, VP of basketball operations in 2016, and assistant GM in 2018. And even though he was earning $360,000 per year plus bonuses, just about everyone in here made more than he did. she screams at Jeff, who seems oddly sanguine for a man who suddenly doesn't have the liquidity to order takeout. Jeff calls Sommercamp and puts him on speakerphone. David, 44, siphoned $9 million from the Golden 1 Credit Union and $4.4 million from Kaiser Permanente. 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. 2012: Van Wagner fraud 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. Select the third team from the drop down menu. During this extended playoff drought, the Kings had 10 different head coaches. "You're going to go to prison," Kate says. A former Sacramento Kings executive was sentenced to seven years in federal prison Monday for embezzling more than $13 million from the NBA team. Less than four years after siphoning off $30,000 in courtside signage, David had now stolen $13.4 million from the Kings and their top corporate partners. 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. "Giving back to the community, that was always emphasized in my experience there," Stone said. Sommercamp has questions. "It's a Sacramento tradition.". Neither was. 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. 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 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. 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. 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. "You're probably not going to get that money back," Sommercamp says. 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). To believe that any of 2023's neo-contenders can become bonafide champs over the next few months is to believe that a once-in-a-quarter-century occurrence is about to transpire. We present them here for purely educational purposes. His first opportunity came that year when Van Wagner, a New York-based sports marketing firm, placed a routine call to David. Then Sacramento's vice president of corporate partnerships, David feared he'd have to make ends meet as a private sports marketing consultant. They were a massive disappointment, yes, but also so transcendent for brief moments. Learn more and register, Scores from any date in BAA/NBA or ABA history, Frequently Asked Questions about the NBA, WNBA and Basketball, Basketball-Reference.com Blog and Articles, Subscribe to Stathead Basketball: Get your first month FREE. 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. At group dinners and in casual conversations, execs who worked with David try to recall instances that might have marked him as a crook. decisions (usually the general manager) are listed. As Rich pleads with Jeff, Kate rouses from her trance, shock replaced by resignation. During negotiations, Golden 1 CEO Donna Bland suggested that if the Kings needed more cash up front, Golden 1 could be in a position to accommodate. His life is seemingly picture-perfect. Sacramento took Keegan Murray at No. It was looking to broker courtside signage for Peak Sport, a sportswear company. "It seemed out of sorts from what our morals and core values were," Peterson said. (4/20/20), Kings fans came together to show support for frontline health care workers on Wednesday night, which was supposed to be the team's regular-season finale. What Wegzyn didn't yet have were whatever contracts David had drawn up to lure Golden 1 and Kaiser Permanente into his scheme. On July 5, 2016, Golden 1 wired $9 million to SSP. 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 . On September 17, 2020, the Sacramento Kings announced the hire of McNair as the general manager and president of basketball operations. ", "What's he talking about?! When Jeff had moved $250,000 of the family's savings into Sacramento Sports Partners, he told Kate the money was for a real estate fund with other investors. 2016: Purchases beach homes Select the first team from the drop down menu. 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. Jul 2019 - Present3 years 9 months. 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. 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. Sacramento Kings Executives 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: 2689-3212, .456 W-L% Playoff Appearances: 29 Championships: 1 Sacramento Kings Franchise Index Year-by-Year Stats Basic Stats Team Stats "I'll go to the FBI. After acquiring Domantas Sabonis, Sacramento has made it clear the goal is to end the franchises playoff drought rival teams are keeping an eye on Sacramento to trade this pick. 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! 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. Contact Information Website www.kings.com Formerly Known As Rochester Seagrams Ownership Status Acquired/Merged 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. David breaks down during the testimonial from his mother-in-law, removing his glasses and burying his head in his hands. 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, in possession of the original contract, never saw the altered version. Jeff explains -- the visit from the FBI earlier in the day, the full breadth of the scam. Barnes scores 29 points, Kings beat Thunder for 4th straight Harrison Barnes scored 29 points and the Sacramento Kings beat the Oklahoma City Thunder 123-117 on Tuesday night for their fourth . If you are having difficulty accessing any content on this website, please visit our Accessibility page. [1][2][3] He was appointed to this position in September 2020, having previously spent 13 years in the Houston Rockets organization. Flipping these valuable properties -- funded by his pilfering -- gave him that chance. 2019: Begins seven-year sentence. Jeff David's NBA was awash in wealth, yet in this rarefied air, he was the pauper. 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 same . After a short night's sleep, the family returns to the house in Pinecrest the next morning to rebox their belongings. 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. 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. ", 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.". The party, say sources with knowledge of the event, cost between $150,000 and $200,000. 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. In addition to the duties as Manager, Sales Operations. The amount represented a relatively small sum for a franchise that would generate some $13 million in sponsorship revenue that season. If he knows that -- or senses it -- he doesn't let on. 1948-49 to 2022-23. A spokesperson previously noted that the half-million-dollar rent at the arena works out to $41 per bed, per night for 400 beds. On June 8, 1983, an investment group from Sacramento purchased the Kings. The Kings had given David an autonomy he could exploit. 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. 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. 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. On Sept. 7, 2018, the Heat dismiss David. When asked for the motivation behind the theft, David, years later, gives no unified theory. The former Kings executive reportedly ran a sophisticated money-laundering scheme. Knicks-Celtics, 7:30 p.m. Report this profile . 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 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. 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. All content 2000-2023 RealGM, L.L.C. Officials from Golden 1, Kaiser Permanente and Van Wagner declined to comment. There was nothing aesthetically unique about the Lexus Lounge. According to . When Golden 1 remitted its first scheduled annual payment, it did so to SSP -- not the Kings. She was careful not to reveal her intention, not wanting to alarm either entity. FIFTEEN DAYS BEFORE David begins serving his sentence, a pressing matter lands on his docket. Terms at draftkings.com/sportsbook. All rights reserved. Stacy and Mark bid schmaltzy parental farewells to their daughter, whom they settled at school, then reversed course back to Sacramento. "He'd open meetings with 'It's Money Monday!' Logos were compiled by the amazing SportsLogos.net. From the exposed wall of the lounge, guests watched Kings players dash to and from the locker room and court for warm-ups. Jeff volunteers that Golden 1 and Kaiser Permanente, two major sponsors with the Kings, are partners. Jeff, the former chief revenue officer of the Sacramento Kings, has taken the day off to move after landing a new role as CRO of the Miami Heat. 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. The reality is there are only four real contenders. - Develop Fan Experience strategy to sell $100k in experiences through the Kings App. Now, in the wee hours of Wednesday morning, Wegzyn's husband, Mark, found her sitting at her kitchen table, hunched over her laptop. (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. 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. "You know what you did. They put up 176 points and 153 points at the end of regulation in a. A year earlier, Jeff had purchased an $8 million home in Hermosa Beach, 20 miles southwest of Los Angeles. 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. the official stats partner of the NBA, NHL and MLB. 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. Choose at least two teams from the menus below to start your trade. He pulls out the business card Sommercamp handed him when Jeff walked the agent out the door -- after telling Sommercamp that he'd be more comfortable continuing the conversation once he consulted an attorney. David offers a broad outline of the Golden 1 and Kaiser Permanente schemes. 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. Sacramento Kings Vice President of Basketball Operations and General Manager Vlade Divac today named Dave Joerger as the team's new head coach. / CBS Sacramento. Wilcox will serve as Assistant General Manager, Jabour as Vice President of Player Personnel and Johnson as Director of Basketball Operations and General Manager of the teams G League affiliate, the Stockton Kings. Grapevines and Teslas lined the driveway of Ranadive's 3-acre chateau; his glass-bottom pool was covered with flooring beneath an expansive tent. "This is Stacy with the Kings," she told the rep in accounts payable at each organization. David is operating under the hope that by cooperating, he can work out a favorable deal. 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. Watch our How-To Videos to Become a Stathead, Subscribe to Stathead and get access to more data than you can imagine. [12][13] The group will join Ken Catanella, who remains with the team as an assistant GM. 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.". After a few pleasantries, she gets down to business. BACK IN COCONUT Grove, in the living room of the house that Jeff and Kate had been renting, Kate lies shivering in a ball on the couch. Nick Cahill / June 24, 2019. Over a nearly four-year stretch in which he was . "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. Ap/Jevone Moore Earlier this month, the NBA fined Sacramento Kings assistant general manager Wes Wilcox $15,000 for confronting personnel at the scorer's table. Later on, she found a $9 million deposit from Golden 1. Very fast paced and high stress environment. They say there was a consensus that the monthly expenses for the arena were far less than what the Kings are charging the state. The company owns and manages professional basketball teams and competes in the National Basketball Association as a member of the Western Conference Pacific Division. Director, Basketball Administration, Robbie LemonsSr. Confirm that your trade proposal is valid according to the NBA collective bargaining agreement. Owner Vivek Ranadiv said, "I am excited to bring his extensive experience and vision onboard to lead our basketball operations department. "I think you're making too much of this," Jeff says. The Kings take issue with this characterization. Follow game Los Angeles Clippers vs Sacramento Kings live coverage, stream information, score online, prediction, TV channel, lineups preview, start date and result updates of the NBA on March 3rd . She asks Jeff whether the documents contain anything that anyone with the Kings needs to see. Sacramento Kings Staff & Executives - RealGM Sacramento Kings Staff & Executives Team: Season: Current | Historical View: Person View | Grid View 216 staff members found.