Use without license or authorization is expressly prohibited. David told his bosses that the Kaiser deal wouldn't include one, a condition they could live with given their satisfaction with the $28 million haul and the lengthy negotiation, according to David. The fine line between young talent and win-now veterans will be Monte McNairs delicate dance. "We're going to lose everything.". Why did Jeff David steal $13.4M from the Kings? Director, Basketball Administration, Robbie LemonsSr. Its likely that a decision like this wont be made during the combine and invitational workouts, so seeing what Kings brass next moves are will be a huge indicator in exactly how they intend on ending the 16-year playoff drought. I'll tell them the whole story and show them where the money is. 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. But it's one that will dictate the rest of Jeff David's life. Director, Coaching Analytics and Strategy, Melanie StockingSr. On this Monday, walking through the Davids' new front door is a dizzying procession of cable guys, utility workers and movers. Do you have a blog? When the session breaks, David's family and friends commiserate with him, but Kate doesn't move. 2011: Named Kings CRO "We're partners. Grizzlies-Clippers, 10 p.m.Wednesday 4 overall pick in the 2022 NBA Draft, the discourse of shopping the pick has been a quiet Plan B that league. Grapevines and Teslas lined the driveway of Ranadive's 3-acre chateau; his glass-bottom pool was covered with flooring beneath an expansive tent. 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Tools and Resources Used by Real General Managers. 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 . Her name is Stacy Wegzyn, and she works in HR. 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. "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. Join our linker program. Or write about sports? However, they said that few teams are profitable year to year and they note that many businesses will lose money, along with the state. 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 same . "You know what you did. Jeff tells her that's unlikely. 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! tenants renting space in the building or revenue from the parking lots) as a result of the surge hospital.". It had to be a hard decision. But this was the nerve center of Jeff's world. Raptors-Clippers, 10 p.m. His style wasn't for everyone. "It seemed out of sorts from what our morals and core values were," Peterson said. The masculine minimalism looked familiar to anyone who has walked into a boutique hotel in the past decade. BACK AT THE rental house in Coconut Grove hours later, Kate logs on to her personal banking app to discover a balance of $0.00. "It tells a better story.". Phone: 888-91-KINGS. The NBA announced on Thursday that it's fining the Kings $50,000 . David breaks down during the testimonial from his mother-in-law, removing his glasses and burying his head in his hands. Duality underpins practically everything about the brief existence of the KD, Harden and Kyrie Nets. 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 spokesperson previously noted that the half-million-dollar rent at the arena works out to $41 per bed, per night for 400 beds. (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. "They're not providing any of that. In December, David pleads guilty to wire fraud and aggravated identity theft charges. 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. 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. 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. 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. Monte McNair is an American sports executive who is the general manager and president of basketball operations for the Sacramento Kings. He strongly suspects he's the perpetrator of a felony. Confirm that your trade proposal is valid according to the NBA collective bargaining agreement. 2015-16: Golden 1, Kaiser frauds 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. "It's like a money grab.". "That was a man, this is taking me back. 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. 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. Her bank accounts had been frozen. Per team policy, terms of the deal were not . Wegzyn and the Kings brass realized it was time to escalate this homegrown investigation. But the people she heard Jeff speaking with about floorings and fixtures weren't their co-investors -- they were brokers and designers consulting with Jeff about how to improve the homes for maximum return. A year later, David reached back out to Bland to inquire whether her offer for an upfront payment still stood. 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. David left for a brief stint with the NBA league office before returning to Sacramento in 2011 as CRO. Suns-Mavericks, 1 p.m. (ABC) The party, say sources with knowledge of the event, cost between $150,000 and $200,000. 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. Join us for a March Madness Webinar on Tuesday, March 7 at 8pm ET. Prior to Philadelphia, Jabour was a Scout for the Orlando Magic (2012-14) and contributed to collegiate and professional prospect evaluation. Terms at draftkings.com/sportsbook. He does not believe Jeff is a victim. Still, to Nancy and Rich, he seems oblivious to the depth of his crime. David and Golden 1 had a deal structure that included 20 annual payments averaging $5.5 million. 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. Sacramento's also failed to field a league-average defense even once since Adelman. Amidst the discussion around who the Sacramento Kings draft with the No. She searched David's emails for any connection to the address in Manhattan Beach or Sacramento Sports Partners. David says that in his capacity as a top executive with another team, he could have called his counterpart in Sacramento several times over a 10-year period and brokered such deals. If he had truly wanted to return $4.4 million to the franchise, he would have needed to get creative. David's lawyers counter that their client has cooperated fully and presents little risk of recidivism. Team Contact Information. Matina Kolokotronis (born November 21, 1964) is Chief Operating Officer of the Sacramento Kings of the National Basketball Association. One day later, as the family Ford Expedition charted its course northward, Wegzyn stayed in touch with Rinehart, trying to break through their partners' bureaucracy. There was nothing aesthetically unique about the Lexus Lounge. "The monthly lease amount for Sleep Train Arena (including 4,000 parking spaces) is a discounted rate. 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. Get the box score, shot charts and play by play summary of the Clippers vs Kings, March 3, 2023. On this Wikipedia the language links are at the top of the page across from the article title. A few minutes after he hangs up, his mother-in-law, Nancy, is standing at the front door when an FBI investigator appears, asking to speak to Jeff.Editor's PicksInside the NBA's silent tension surrounding Daryl Morey3yKevin ArnovitzFrom the archives: How former ref Tim Donaghy conspired to fix NBA games3yScott Eden1 Related. Fifteen years in Cincinnati. 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. 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.". Michael McCann Jan. "[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. 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. The Sacramento Kings are having a rough go with clock operators this week. [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. Former Sacramento Kings executive Jeffrey David was responsible for creating streams of revenue for the team. Reading David's email felt invasive, even if Kings employees, like those at most companies, sign away their privacy to people like her. It also gave David an opening. Hours earlier, the FBI had stormed her house. 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. That is why they made several moves at the trade deadline. Given the circumstances, they're worried David might try to arrange a questionable below-market deal with a side payment to himself or a friend. 496 followers 493 connections. "We are always happy . 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. 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. The pet stores are closed on Sunday evening, so soon after David mixes three glasses of chocolate milk and prepares breakfast, he corrals the kids into the SUV for a trip to equalize the great goldfish disparity of 2019. "I wouldn't have been contacting you if the deal was covering their costs," Stone said. Kate, a chronic worrier about the Davids' growing family, could rest easier knowing he'd secured their future. The amount represented a relatively small sum for a franchise that would generate some $13 million in sponsorship revenue that season. Jeff retreats to a back bedroom with Sommercamp, who wants Jeff relaxed and comfortable, a willing conversationalist. 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 . Just as Wegzyn returned to the office on Tuesday, confirmation arrived from Golden 1: It had sent a $9 million payment to SSP. Still, Peterson and Stone don't think the Kings should be allowed to profit off the pandemic. After three unsuccessful trials, for your security, your access has to be interrupted for 10 minutes. 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. 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. During Pitch Day, the Top 8 presented their companies to a panel of successful entrepreneurs, executives and investors including: John Rinehart, Sacramento Kings President of Business Operations At group dinners and in casual conversations, execs who worked with David try to recall instances that might have marked him as a crook. I'll be up soon.". ", Wegzyn presses on. 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. To make up the shortfall, David says he planned to wire the missing amount to the Kings. 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. 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. All content 2000-2023 RealGM, L.L.C. 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. . Before that, he served as a Referee Operations Analyst at the NBA league office (2013-15). Wegzyn asked Thomas to set up a meeting. May 7, 2020 / 10:58 PM 3 min read. There's no real cost to them," Stone said. Choose at least two teams from the menus below to start your trade. And he becomes emotional when he speaks on his own behalf, pausing to collect himself as he conveys remorse to the court. But it did ultimately prove useful. 4 on Thursday's NBA Draft, making a huge pivot than what was expected of them. "Let's close some phone numbers" in David-speak meant he wanted the Kings' sales team to craft some seven-digit sponsorship agreements. 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One executive in the finance department of an NBA team says, "We invoice everything -- even signed contracts. "What happened with Golden 1 and Kaiser probably doesn't happen with American Airlines or Bank of America," says a top NBA team executive. I have to stay with this. The team's new vice president of security operations, Dave Thomas, spent nearly 30 years in law enforcement with the FBI and Secret Service. 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. 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. Stacy and Mark bid schmaltzy parental farewells to their daughter, whom they settled at school, then reversed course back to Sacramento. In the 2021 NBA Draft, McNair and the Kings showed they wanted to improve their defense after having a historically bad defensive year. They wanted to go local. "The alternate care facility is capable of housing up to 400 beds approx. 2023 CBS Broadcasting Inc. All Rights Reserved. When asked for the motivation behind the theft, David, years later, gives no unified theory. "I was just curious what that is and if those are documents that should go to somebody else," Wegzyn says. - Plan and execute . 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.". "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. Their diverse skill sets and unique perspectives will add valuable knowledge and innovative thinking as we focus on executing our vision of building a winning culture in Sacramento.. It's a seemingly innocuous inquiry from an HR lifer. 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 The Sacramento Kings are celebrating "916 Day" by announcing events and activities for the upcoming 2022-23 NBA Season. But on his way out, he had left behind a digital trail. Director, Team Operations, Colin MontagueDirector, Basketball Analytics, Penny ChatzisDirector, Team Player Development, Zac HoweHead Strength & Conditioning Coach, Rachel MackPerformance Chef & Nutritionist. David and his legal team had hoped for a sentence not much longer than two years, but Shubb hands down a term of seven. * 21+ (19+ CA-ONT) (18+ NH/WY). 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. 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. 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. McNair grew up in Oak Park, California, and attended Oak Park High School. LAC (127) vs SAC (128). He recently served as an Analyst for NBA TV and SiriusXM NBA Radio, is a 2001 graduate of Cal-State Fullerton and a native of La Habra, California. "He'd open meetings with 'It's Money Monday!' 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. I'll tell you that," Peterson said. Only the executives in charge of player personnel Warriors-Lakers, 3:30 p.m. (ABC) He says he's investigating a real estate title company. Jeff wears a double-vented navy suit, whiskey-colored shoes and thick-framed glasses; Kate is in a black dress. Find out the latest on your favorite NBA teams on CBSSports.com. Golden 1 Center in Downtown Sacramento Andrew Nixon / Capital Public Radio Paul Elias, Associated Press (AP) A former Sacramento Kings top executive agreed Wednesday to plead guilty to. Our intent was, and is, to continue to use our platform for good and to help support our community. Founded in 1923, The Sacramento Kings are a professional basketball team based in Sacramento, California, United States. 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.