He had launched the first in a series of grifts that would grow from thousands to millions of dollars. Everyone will get their money back, and it'll be OK. Select the second team from the drop down menu. 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. Wegzyn and the Kings brass realized it was time to escalate this homegrown investigation. In September, $4.4 million landed in the account of SSP. She tells Jeff she's been going through his old files, and in doing so she found one labeled "TurboTax" that references an entity called Sacramento Sports Partners. If you are having difficulty accessing any content on this website, please visit our Accessibility page. San Diego State University. 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. 60 activities a day, usually cold calls but they allow you to choose what kind of client you reach out to. "I wouldn't have been contacting you if the deal was covering their costs," Stone said. 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 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. ", Wegzyn presses on. When asked for the motivation behind the theft, David, years later, gives no unified theory. 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 During this extended playoff drought, the Kings had 10 different head coaches. 2019: Begins seven-year sentence. U.S. Attorney's Office, Eastern District of California SACRAMENTO, Calif. Jeffrey R. David, 44, was sentenced today by U.S. District Judge William B. Shubb to seven years in prison for wire fraud and aggravated identity theft, U.S. Attorney McGregor W. Scott announced. Rich tells Jeff it's imperative that he get legal protection. I'll tell them the whole story and show them where the money is. FIFTEEN DAYS BEFORE David begins serving his sentence, a pressing matter lands on his docket. 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. Multiple sources in Sacramento portray Golden 1 as an institution eager to make a splash in the market it has championed passionately. Over a nearly four-year stretch in which he was . Sommercamp wants to know who these investors are. 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. 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. Kevin Arnovitz explains what the possible motivations were for former Kings executive Jeff David siphoning millions of dollars from the team. Phone: 888-91-KINGS. He was gregarious, fond of "hugging it out," able to laugh at himself when less extroverted spirits made light of that exuberance. At group dinners and in casual conversations, execs who worked with David try to recall instances that might have marked him as a crook. David offers a broad outline of the Golden 1 and Kaiser Permanente schemes. What Wegzyn didn't yet have were whatever contracts David had drawn up to lure Golden 1 and Kaiser Permanente into his scheme. 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 One week after her first foray into David's underworld, Wegzyn had struck the mother lode. Then drop a silly rap lyric about an account.". The house in Hermosa Beach that David purchased in July 2016 for $8 million sells for $10.6 million; the Manhattan Beach house he bought for $3.8 million sells for $4.3 million. Given the team's near departure from Sacramento numerous times over the previous few years -- including the stay of execution that had wrested the team back from Seattle in 2013 -- the Kings saw large-scale sponsorship deals as more than just an opportunity to cash some checks. Jabour made his NBA debut as Daryl Moreys first scouting/personnel hire with the Houston Rockets in 2006. Sommercamp has questions. There's no real cost to them," Stone said. "The team almost left the city, and it was the people and companies of Sacramento that kept it there," David says. Free Test. 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. 2011: Named Kings CRO She wanted to move quickly. She discovered that David had applied for mortgages and included a bank statement to a lender that showed a $4.4 million deposit from Kaiser Permanente. "It tells a better story.". [1] Kolokotronis is in her 22nd season with the Kings. 3 min read. Use without license or authorization is expressly prohibited. As Wegzyn navigated a morass of files in David's old directory, she hadn't been able to discern an organized system, so she'd had to open things one by one. What if this is all legit? 2015-16: Golden 1, Kaiser frauds (4/15/20), A month since the Kings last game, Kings players are still taking action as Richaun Holmes, De'Aaron Fox, Bogdan Bogdanovic and Harrison Barnes are donating 1,000+ meals to local families. Among the weak links, they say, was the Kings' finance department. "Our money is frozen," Jeff says as Kate listens. (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. Wes background as an executive in the league combined with Phils veteran leadership through the scouting ranks and Pauls proven experience in evaluating talent will be strong additions to the basketball operations group. 2020 CBS Broadcasting Inc. All Rights Reserved. The company owns and manages professional basketball teams and competes in the National Basketball Association as a member of the Western Conference Pacific Division. Monte McNair is an American sports executive who is the general manager and president of basketball operations for the Sacramento Kings. He has an adoring wife of almost 10 years, three healthy children. Join to view profile Sacramento Kings. Director, Digital, Content & eSports, Nicole LoscavioSr. 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. 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. 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. If he knows that -- or senses it -- he doesn't let on. Michael McCann Jan. 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. As someone who owned rental properties, the table of depreciating items looked familiar in its contents -- furniture, a golf cart -- but the name of the entity in question was odd: Sacramento Sports Partners LLC. As Rich pleads with Jeff, Kate rouses from her trance, shock replaced by resignation. Flipping these valuable properties -- funded by his pilfering -- gave him that chance. Nancy speaks with a measured empathy about a man whose adult life she admires. Please enter valid email address to continue. ESPN Daily Podcast: Inside the great NBA heist. ", "Theagreement has also enabled over 100 part-time Kings team members (i.e. "[10], The Kings also interviewed Sachin Gupta (Timberwolves' EVP of basketball operations), Wes Wilcox (Hawks' former GM), and Calvin Booth (GM of the Nuggets) for the position. It's a seemingly innocuous inquiry from an HR lifer. We're going through an audit, and I'd like to see if you can send me a list of all payments made to my organization over the last five years.". 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. Terms at draftkings.com/sportsbook. Reading David's email felt invasive, even if Kings employees, like those at most companies, sign away their privacy to people like her. . On June 8, 1983, an investment group from Sacramento purchased the Kings. She was careful not to reveal her intention, not wanting to alarm either entity. Confirm that your trade proposal is valid according to the NBA collective bargaining agreement. A former Sacramento Kings executive was sentenced to seven years in federal prison Monday for embezzling more than $13 million from the NBA team. "I'm going to tell you, but I need you to hear me out," he says. The Kings were heavily favored to either draft Purdue's Jaden Ivey among. She searched David's emails for any connection to the address in Manhattan Beach or Sacramento Sports Partners. The Sacramento Kings announced today that Wes Wilcox, Phil Jabour and Paul Johnson have been added to the team's basketball operations group. Bringing decades of experience in sports and government law, community affairs and contract negotiations, Kolokotronis' leadership has been integral to the development of the state-of-the-art, Golden 1 Center as well as its adjacent, $500 million mixed-use development project, Downtown Commons. Stone was there for nine years and was Senior VP of Arena Services under the Maloofs. 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. Founded in 1923, The Sacramento Kings are a professional basketball team based in Sacramento, California, United States. A former executive from the NBA's Sacramento Kings has been accused of taking $13.4m from two sponsors, according to The Sacramento Bee. Description Operator of a professional basketball team. Owner Vivek Ranadiv said, "I am excited to bring his extensive experience and vision onboard to lead our basketball operations department. Director, Coaching Analytics and Strategy, Melanie StockingSr. LAC (127) vs SAC (128). 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. David contends that from the moment he diverted funds from Golden 1 and Kaiser Permanente, he intended to repay the money. Sacramento Kings Profile and History . Choose at least two teams from the menus below to start your trade. They were a massive disappointment, yes, but also so transcendent for brief moments. 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. However, CBS13 also asked how the Kings planned to use the money it is making on the arena during the pandemic. - Plan and execute . 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. 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. 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. While attending college, McNair was a wide receiver on the football team. There have been suggestions that Snyder may have taken the job in part to have a bigger say in roster changes when Williams spoke to Snyder she got the impression that while Fields and . A year earlier, Jeff had purchased an $8 million home in Hermosa Beach, 20 miles southwest of Los Angeles. NBA executives believe Kings could trade No. No milieu displayed this NBA abundance more than the Lexus Lounge at the Golden 1 Center half an hour before tipoff. Director, Team Operations, Colin MontagueDirector, Basketball Analytics, Penny ChatzisDirector, Team Player Development, Zac HoweHead Strength & Conditioning Coach, Rachel MackPerformance Chef & Nutritionist. 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. Federal prosecutors in Sacramento, California, on Wednesday filed charges and a plea agreement signed by former chief revenue officer Jeffrey David admitting to forging the team president's signature to divert sponsorship payments to a bank account he controlled. Per team policy, terms of the agreements were not disclosed. 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. The reasons for their failure may have been inherent to the whole project. "What happened with Golden 1 and Kaiser probably doesn't happen with American Airlines or Bank of America," says a top NBA team executive. "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. Johnson joins the Kings basketball operations department with seven years of NBA experience, most recently serving as the Assistant General Manager of the NBA G Leagues Oklahoma City Blue.
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