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. We asked how much they think the Kings should be charging under these circumstances. On occasion, Ranadive walked into the building alongside celebrities such as Drake and Jamie Foxx. Select the first team from the drop down menu. It is July 2018, and much of David's family is on hand to help with the move. But the forfeiture team has arranged to sell far more complex assets than beach homes. - Develop Fan Experience strategy to sell $100k in experiences through the Kings App. 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. I'll tell you that," Peterson said. And it was cold. Questions raged about how a credit union tasked with protecting the savings of teachers and a health care nonprofit could be snookered out of millions by a single individual. They estimate that the Kings are profiting hundreds of thousands of dollars a month as, in their estimate, the cost to run the shuttered facility is a small fraction of what the state is paying to rent it. What did you do?! 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. Select the second team from the drop down menu. He promptly returned the $6 million and instructed Golden 1 to wire the funds to the Kings' primary account. Find out more. One week after her first foray into David's underworld, Wegzyn had struck the mother lode. 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. "But any half-truth will be considered a lie. Very fast paced and high stress environment. A spokesperson noted that CBS13 has covered many of their efforts to give back and pointed to several examples of our own coverage ranging from a story about joint effort with the 49ers to donate face coverings for health care providers, to a story about donations of food and money from the Kings players themselves. "They're not providing any of that. The Kings selected Tyrese Haliburton with the 12th pick in the 2020 NBA Draft. 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 reality is there are only four real contenders. He says he's investigating a real estate title company. 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! On this Wikipedia the language links are at the top of the page across from the article title. The SPORTS REFERENCE and STATHEAD trademarks are owned exclusively by Sports Reference LLC. tenants renting space in the building or revenue from the parking lots) as a result of the surge hospital.". "I lost a job and a career I loved and excelled in. 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. decisions (usually the general manager) are listed. 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. Jeff wears a double-vented navy suit, whiskey-colored shoes and thick-framed glasses; Kate is in a black dress. Mike Brown, left, the new head coach of the NBA Sacramento Kings basketball team poses for a photo with Kings general manager Monte McNair, right, in Sacramento, Calif., Tuesday, June 21, 2022. Jabour comes to Sacramentos front office with 14 years of experience in the league, most recently serving as Director of Scouting for the Philadelphia 76ers where he was heavily involved in day-to-day personnel operations, including talent evaluation, leading intel processes and collaborating with player agents. 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. The forfeiture team instead works with a real estate team in Los Angeles. The company owns and manages professional basketball teams and competes in the National Basketball Association as a member of the Western Conference Pacific Division. She finally learns that there's a freeze on the family account. 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. 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. 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. "I wouldn't have been contacting you if the deal was covering their costs," Stone said. Kate is inconsolable.NBA RooksFollow Zion, Ja, RJ, De'Andre, Coby and more top rooks as they balance basketball and life during an exciting NBA season. The Kings had given David an autonomy he could exploit. Jeff explains -- the visit from the FBI earlier in the day, the full breadth of the scam. CFOs swap accounts of stress-testing their team's internal checks and balances to protect against potential fraud. 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. Sommercamp asks Jeff how he found the money to buy it. 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An inquisitive bean counter with the Kings could assume that any new signage in the arena must be part of a larger advertising buy. On this Monday, walking through the Davids' new front door is a dizzying procession of cable guys, utility workers and movers. It had to be a hard decision. Her name is Stacy Wegzyn, and she works in HR. The next summer, David left the Kings for the Heat. It's not going to be a big deal.". [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. David breaks down during the testimonial from his mother-in-law, removing his glasses and burying his head in his hands. Sacramento Kings [ edit] 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. Just zeros. (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. 4 on Thursday's NBA Draft, making a huge pivot than what was expected of them. Sacramento Kings Staff & Executives - RealGM Sacramento Kings Staff & Executives Team: Season: Current | Historical View: Person View | Grid View 216 staff members found. 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. The Sacramento Kings are having a rough go with clock operators this week. "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. Select the players you wish to trade from the rosters below. Monte McNair is an American sports executive who is the general manager and president of basketball operations for the Sacramento Kings. Very fast paced and high stress environment. 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. 2011: Named Kings CRO "The team almost left the city, and it was the people and companies of Sacramento that kept it there," David says. It occurs to the U.S. attorneys that David might not realize it's that conversation that implicated him. It's no surprise that Sacramento would be willing to package Buddy Hield, Marvin Bagley III and multiple. [15] 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. The Detroit Pistons (15-48) play against the Cleveland Cavaliers (39-26) at Rocket Mortgage FieldHouse Live Stream: fuboTV (Watch for free) NBA League Pass: The most live games plus NBA TV. Our reasoning for presenting offensive logos. David, 44, siphoned $9 million from the Golden 1 Credit Union and $4.4 million from Kaiser Permanente. Sacramento Kings forward Richaun Holmes sued the Sacramento Bee's parent company, McClatchy Co., and Bee opinion writer Robin Epley for defamation over articles that included Mr. Holmes's. (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. "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. She was leaving town in less than 48 hours to drop her daughter off at college in the Pacific Northwest, and she desperately wanted some clarity. 75; Team Names: But this was the nerve center of Jeff's world. 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. 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 . Officials from Golden 1, Kaiser Permanente and Van Wagner declined to comment. 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. "It tells a better story.". [16], List of National Basketball Association team presidents. THE KINGS ENTERED 2015 celebrating their unlikely survival. 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. Question, Comment, Feedback, or Correction? Get the box score, shot charts and play by play summary of the Clippers vs Kings, March 3, 2023. Later on, she found a $9 million deposit from Golden 1. "It seems to come down to around 20- or $25,000 a month," Stone said. ", "Jeff is white-collar meets surfer dude, the consummate bro," says a former Kings co-worker on the business operations side. "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. 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. ", "Theagreement has also enabled over 100 part-time Kings team members (i.e. Jabour will be primarily responsible for overseeing the structure and processes of the scouting department. Does Jeff truly believe that the only item on his to-do list is restitution? Prior to that promotion, Johnson was a Pro Evaluation Coordinator after having worked in different capacities for the Oklahoma City Thunder since 2015. "I can't talk about it, but I'm obsessed. In its nine years of existence, SSP never undertook any consultancy work. Matina Kolokotronis serves as the Chief Operating Officer (COO) of the Sacramento Kings. Grizzlies-Clippers, 10 p.m.Wednesday When asked for the motivation behind the theft, David, years later, gives no unified theory. 2023 CBS Broadcasting Inc. All Rights Reserved. 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. Then Sacramento's vice president of corporate . Find out the latest on your favorite NBA teams on CBSSports.com. He was bright and self-motivated, with a keen understanding of the industry -- not a man in need of micromanaging.The NBA on ESPN and the ESPN AppSunday He joined the Cavaliers in 2003 and held the roles of Advance Scout, College Scout, Pro Personnel Scout and Assistant Coach, prior to his promotion to Director of Player Personnel. David and Golden 1 had a deal structure that included 20 annual payments averaging $5.5 million. 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. When asked whether David's scenario sounds plausible, business operations executives from six NBA teams say they find it far-fetched. There have been so many weird things that have happened over the years with this club, which was incredible in . Director, Team Operations, Colin MontagueDirector, Basketball Analytics, Penny ChatzisDirector, Team Player Development, Zac HoweHead Strength & Conditioning Coach, Rachel MackPerformance Chef & Nutritionist. 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. 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. For several more hours, Rich tries to pierce Jeff's logic, while Nancy reassures the family that Jeff is redeemable. And he becomes emotional when he speaks on his own behalf, pausing to collect himself as he conveys remorse to the court. 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. The previous June, he had purchased a $3.8 million home just blocks from the Pacific Ocean in Manhattan Beach. The fine line between young talent and win-now veterans will be Monte McNairs delicate dance. (These workers are in addition tothe300-400 healthcare professionalsthestatehas hired to work atthefacility.)". She wanted to move quickly. "I knew how these other companies operated. "Does this have anything to do with those FBI agents today?". . 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 average Sacramento Kings executive makes $274,769 a year. The agent gets more specific, probing the mechanics of Sacramento Sports Partners' formation. Because the advertising had been purchased by Van Wagner on behalf of Peak Sports, there was no suspicion that a check from Peak hadn't turned up in the accounting department. This meant that one of his three kids was deprived of the innocent pleasure of toting home and choosing a name for this shiny, breathing doubloon swimming around in a plastic bag. "The alternate care facility is capable of housing up to 400 beds approx. Here is the full list of the CBS13 stories cited by the Kings: The NBA 2K League is set to start on May 5 as teams will compete remotely due to COVID-19. With each passing hour, she became increasingly convinced that she was headed down a path that would upend David's life forever. 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, by contrast, are struggling to convince rival teams that . It's a seemingly innocuous inquiry from an HR lifer. "It's a Sacramento tradition.". The mutual trust between David and the sponsors was unassailable -- enough to even navigate a snafu that could have derailed his entire scheme. However, the former VPs point out that the state is paying for those employees on top of the $500,000 rent. 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. Like most, they thought that the Kings were donating the shuttered arena to the state for free. "No, no, no," Jeff responds. 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. 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. Gambling problem? 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. A former top Sacramento Kings executive was sentenced Monday to seven years in prison for siphoning $13.4 million from the team. The Sacramento Kings are celebrating "916 Day" by announcing events and activities for the upcoming 2022-23 NBA Season. He does not believe Jeff is a victim. 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. Led by David, they had begun discussions with several corporations for the naming rights for their new arena and training facility, which were under construction. Sacramento Kings event. Do you have a sports website? "I think you're making too much of this," Jeff says. After three unsuccessful trials, for your security, your access has to be interrupted for 10 minutes. Tech titans helped themselves to sushi, while guests roamed downstairs on Ranadive's sunken basketball half court. 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. Grizzlies-Clippers, 10 p.m. Mavericks-Pelicans, 7:30 p.m. The Kings are closing in on the Memphis Grizzlies in the standings. 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. Johnson will lead Stocktons front office and have a hand in multiple aspects of Kings basketball operations. It was audacious and, in David's mind, airtight. So Golden 1 would be getting an invoice for $5.5 million weeks before the payment." All the money's there. 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. To make up the shortfall, David says he planned to wire the missing amount to the Kings. "We're partners. Jeffery R. David, the former Chef Revenue Officer of the NBA Duality underpins practically everything about the brief existence of the KD, Harden and Kyrie Nets. "Our money is frozen," Jeff says as Kate listens. "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. The reality is there are only four real contenders. 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. "What happened with Golden 1 and Kaiser probably doesn't happen with American Airlines or Bank of America," says a top NBA team executive. 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. 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.. Jeffrey David, 44, the team's former chief revenue officer, pleaded . Join us for a March Madness Webinar on Tuesday, March 7 at 8pm ET. Use without license or authorization is expressly prohibited. Prior to Philadelphia, Jabour was a Scout for the Orlando Magic (2012-14) and contributed to collegiate and professional prospect evaluation. Multiple sources in Sacramento portray Golden 1 as an institution eager to make a splash in the market it has championed passionately. On June 8, 1983, an investment group from Sacramento purchased the Kings. Sacramento Kings | TeamWork Online Connect with 1,200+ employers from the NFL, NBA, MLB, NHL, MLS, college athletics, sports tech startups, agencies, arenas, and more Sign in Join Now Sacramento Kings All CategoriesCommunications/Community RelationsFacility Operations/Event StaffMarketingTicket Sales and Services Jeff volunteers that Golden 1 and Kaiser Permanente, two major sponsors with the Kings, are partners. As rewarding as sales work can be on behalf of a pro basketball team, it hadn't satisfied Jeff's thirst for more. 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. Mavericks-Pelicans, 7:30 p.m. The reasons for their failure may have been inherent to the whole project. Our reasoning for presenting offensive logos. Jeff calls Sommercamp and puts him on speakerphone. They put up 176 points and 153 points at the end of regulation in a. Jeffrey David pleaded guilty earlier this year to . While working for the Rockets team, his organization reached the NBA playoffs for eight consecutive years, including two Western Conference Finals appearances. Three takeaways from Kings 123-117 win against Thunder, Three takeaways from Kings 124-115 win over Oklahoma City Thunder, Kings waive KZ Okpala, sign PJ Dozier for the rest of the season, 5 takeaways from the Kings beating the Clippers in the second-highest scoring NBA game ever, 3 takeaways from Sacramentos 133-116 win over the Portland Trail Blazers. She was careful not to reveal her intention, not wanting to alarm either entity. Sommercamp wants to know who these investors are. 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. Now, in the wee hours of Wednesday morning, Wegzyn's husband, Mark, found her sitting at her kitchen table, hunched over her laptop. 4 overall pick in the 2022 NBA Draft, the discourse of shopping the pick has been a quiet Plan B that league executives say might be closer to the clipboard than the Kingdom knows. On the flip side of the coin, those young talents can be the fire starters for other key franchises who are on a looking to move up in the draft, specifically the lottery, and give the Kings more stability rather than more super team, just young..