Upenn Fall 2022 Courses, Articles S

Nearby, a shrine commemorated Ranadive's meetings with global celebrities. * 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. "They're not providing any of that. 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 tenants renting space in the building or revenue from the parking lots) as a result of the surge hospital.". Sommercamp asks Jeff how he found the money to buy it. Logos were compiled by the amazing SportsLogos.net. We have tools and resources that can help you use sports data. What Wegzyn didn't yet have were whatever contracts David had drawn up to lure Golden 1 and Kaiser Permanente into his scheme. 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. 4 pick for immediate help, De'Aaron Fox scores 33 points to lead Kings past Clippers 128-127. AZ, CO, CT, IL, IN, IA, KS, LA, (select parishes), MD, MI, NH, NJ, NY, OH, OR, PA, TN, VA, WV, WY, CA-ONT only.Eligibility restrictions apply. Amidst the discussion around who the Sacramento Kings draft with the No. 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. "Let's close some phone numbers" in David-speak meant he wanted the Kings' sales team to craft some seven-digit sponsorship agreements. 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. "The team almost left the city, and it was the people and companies of Sacramento that kept it there," David says. The former Kings executive reportedly ran a sophisticated money-laundering scheme. Jeff explains that he's part of an investor group. Just zeros. "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. David breaks down during the testimonial from his mother-in-law, removing his glasses and burying his head in his hands. Select the players you wish to trade from the rosters below. Also, she wondered, why would a business whose name suggests it's an arm of the Kings write off a golf cart at a beach house near Los Angeles? On September 17, 2020, the Sacramento Kings announced the hire of McNair as the general manager and president of basketball operations. Join us for a March Madness Webinar on Tuesday, March 7 at 8pm ET. 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. Question, Comment, Feedback, or Correction? 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. 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. On July 5, 2016, Golden 1 wired $9 million to SSP. 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. But it did ultimately prove useful. They put up 176 points and 153 points at the end of regulation in a. As rewarding as sales work can be on behalf of a pro basketball team, it hadn't satisfied Jeff's thirst for more. FIFTEEN DAYS BEFORE David begins serving his sentence, a pressing matter lands on his docket. "I lost the respect I had," David tells Judge William B. Shubb. 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. Director, Basketball Administration, Robbie LemonsSr. "Why is all of our money gone?!" 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 Prior to that promotion, Johnson was a Pro Evaluation Coordinator after having worked in different capacities for the Oklahoma City Thunder since 2015. He won't see the children at all for the next several years. "It seems to come down to around 20- or $25,000 a month," Stone said. 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. Jeff tells her that's unlikely. 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. The fine line between young talent and win-now veterans will be Monte McNairs delicate dance. A year later, David reached back out to Bland to inquire whether her offer for an upfront payment still stood. 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. Another said David had a casual relationship with the truth, the type of person who claimed, semiseriously, to be the inventor of phrases like "Cali Love. When Golden 1 remitted its first scheduled annual payment, it did so to SSP -- not the Kings. 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. But I care less what has happened to me and I care more about making sure I've done the right thing for the people I've offended and I've hurt.". 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. "I'm in really big trouble," Jeff says to Kate's mother, Nancy, and her partner, Rich. Confirm that your trade proposal is valid according to the NBA collective bargaining agreement. The agent gets more specific, probing the mechanics of Sacramento Sports Partners' formation. "What happened with Golden 1 and Kaiser probably doesn't happen with American Airlines or Bank of America," says a top NBA team executive. Then Sacramento's vice president of corporate partnerships, David feared he'd have to make ends meet as a private sports marketing consultant. Kevin Durant, Kyrie Irving, Karl-Anthony Towns, Kawhi Leonard, Anthony Davis and Brandon Ingram will play outsized roles in how their respective teams close the season. She was consumed by the chase but also suffering from periodic pangs of doubt. 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. THE KINGS ENTERED 2015 celebrating their unlikely survival. Wegzyn and the Kings brass realized it was time to escalate this homegrown investigation. When she found a receptive party at Golden 1, she emailed him the list of legitimate Kings entities, burying SSP in the middle. Sommercamp has questions. 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. David is operating under the hope that by cooperating, he can work out a favorable deal. LAC (127) vs SAC (128). Select the fourth team from the drop down menu. "Giving back to the community, that was always emphasized in my experience there," Stone said. Get the box score, shot charts and play by play summary of the Clippers vs Kings, March 3, 2023. There was nothing aesthetically unique about the Lexus Lounge. The family feels that seeing their father in a state of incarceration would be too traumatic for his kids. (4/17/20), Cody Demps continues to stay ready amid the suspended G League season and took on a Kings Guard Gaming member in an NBA 2K20 game. And it was cold. 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. I'll tell you that," Peterson said. Sacramento Kings, Kansas City Kings, Kansas City-Omaha Kings, Cincinnati Royals, Rochester Royals, Seasons: "You're going to go to prison," Kate says. They are calling on the Kings to keep with "the long-standing spirit of the organization" and return any profit it is making from the rental agreement back to the state. What if this is all legit? There have been so many weird things that have happened over the years with this club, which was incredible in . Dec. 2018: David pleads guilty 2016: Purchases beach homes I'll be up soon.". In the 2021 NBA Draft, McNair and the Kings showed they wanted to improve their defense after having a historically bad defensive year. Grizzlies-Clippers, 10 p.m. Mavericks-Pelicans, 7:30 p.m. 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. 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. NBA.com is part of Warner Media, LLCs Turner Sports & Entertainment Digital Network. "Our money is frozen," Jeff says as Kate listens. 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. Per team policy, terms of the agreements were not disclosed. Phone: 888-91-KINGS. Still, in a Kings organization often beset by palace intrigue, many colleagues found Jeff to be a reassuring voice who preached the virtues of "not sweating the small stuff." 4 overall pick in the 2022 NBA Draft, the discourse of shopping the pick has been a quiet Plan B that league. Rich shifts into fix-it mode, calling attorneys he knows back at home in Ohio, leaving messages because it's after midnight on a Tuesday morning. NBA executives believe Kings could trade No. The Sacramento Bee's Jason Anderson dove into the Kings' perspective further. To make up the shortfall, David says he planned to wire the missing amount to the Kings. 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. The next summer, David left the Kings for the Heat. How do you repay money to a team that doesn't know anything has been stolen? 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. 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 . Founded in 1923, The Sacramento Kings are a professional basketball team based in Sacramento, California, United States. Stone was there for nine years and was Senior VP of Arena Services under the Maloofs. . Jeffery R. David, the former Chef Revenue Officer of the NBA [2] Early life [ edit] Born in Chicago, Illinois, Kolokotronis is the second of four daughters born to Greek immigrants. One team president says the franchise initiated a full audit of its operations days after the story became public. We asked how much they think the Kings should be charging under these circumstances. Director, Coaching Analytics and Strategy, Melanie StockingSr. Free Test. 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. 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. But on his way out, he had left behind a digital trail. "I was just curious what that is and if those are documents that should go to somebody else," Wegzyn says. Kate toggles over to the family's secondary account at Wells Fargo. Subscribe to Stathead Basketball: Get your first month FREEYour All-Access Ticket to the Basketball Reference Database. Kevin Arnovitz explains what the possible motivations were for former Kings executive Jeff David siphoning millions of dollars from the team. Sacramento Kings event. On occasion, Ranadive walked into the building alongside celebrities such as Drake and Jamie Foxx. He has an adoring wife of almost 10 years, three healthy children. CFOs swap accounts of stress-testing their team's internal checks and balances to protect against potential fraud. "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. 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. It's a seemingly innocuous inquiry from an HR lifer. Our reasoning for presenting offensive logos. 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. Only the executives in charge of player personnel "I'll go to the FBI. David had answered the unsolicited call from Van Wagner, so no one else with the Kings would have had knowledge of the discussion. Does Jeff truly believe that the only item on his to-do list is restitution? Former Sacramento Kings executive Jeffrey David was responsible for creating streams of revenue for the team. 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. But it's one that will dictate the rest of Jeff David's life. The story Jeff David was about to tell his wife -- of a yearslong fraud, of millions of dollars stolen -- was almost too absurd to believe. 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. It contains the objects of Jeff David's life, all destined for the Davids' new house in the affluent Pinecrest neighborhood. David and Golden 1 had a deal structure that included 20 annual payments averaging $5.5 million. (These workers are in addition tothe300-400 healthcare professionalsthestatehas hired to work atthefacility.)". However, CBS13 also asked how the Kings planned to use the money it is making on the arena during the pandemic. 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. "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. 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. Tools and Resources Used by Real General Managers. 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.. Select the players you wish to trade from the rosters below. Gambling problem? In September, $4.4 million landed in the account of SSP. We present them here for purely educational purposes. For several more hours, Rich tries to pierce Jeff's logic, while Nancy reassures the family that Jeff is redeemable. 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. 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. She searched David's emails for any connection to the address in Manhattan Beach or Sacramento Sports Partners. Get the latest news and information for the Sacramento Kings. Joelle Terry Senior Vice President, Communications Joelle Terry serves as the Senior Vice President, Communications of Sacramento Kings. But this was the nerve center of Jeff's world. A former top Sacramento Kings executive was sentenced Monday to seven years in prison for siphoning $13.4 million from the team. David offers a broad outline of the Golden 1 and Kaiser Permanente schemes. Her name is Stacy Wegzyn, and she works in HR. 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. The most persistent item for debate has been the extent to which this fraud could've happened to any team. 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! Sacramento's also failed to field a league-average defense even once since Adelman. Watch our How-To Videos to Become a Stathead, Subscribe to Stathead and get access to more data than you can imagine. 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 . This is the first moment when Kate, remarkably stoic throughout the 90-minute sentencing, visibly cries. All content 2000-2023 RealGM, L.L.C. Select the third team from the drop down menu. I have to stay with this. 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. David, 44, siphoned $9 million from the Golden 1 Credit Union and $4.4 million from Kaiser Permanente. 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. Owner Vivek Ranadiv said, "I am excited to bring his extensive experience and vision onboard to lead our basketball operations department. Sacramento Kings Profile and History . IT WAS ONLY one document -- one ordinary little document -- that Stacy Wegzyn had needed from Jeff David. 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. Jeff sits on the bed next to his wife and places his hand on her knee. 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. 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. 75; 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. 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. The reasons for their failure may have been inherent to the whole project. Suns-Mavericks, 1 p.m. (ABC) 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. "I can't talk about it, but I'm obsessed. If he had truly wanted to return $4.4 million to the franchise, he would have needed to get creative. 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 SPORTS REFERENCE and STATHEAD trademarks are owned exclusively by Sports Reference LLC. "Does this have anything to do with those FBI agents today?". The reality is there are only four real contenders. Join to view profile Sacramento Kings. That is why they made several moves at the trade deadline. [15] 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. 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. 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. Reading David's email felt invasive, even if Kings employees, like those at most companies, sign away their privacy to people like her. 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. 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. David's lawyers counter that their client has cooperated fully and presents little risk of recidivism. Contact Information Website www.kings.com Formerly Known As Rochester Seagrams Ownership Status Acquired/Merged Grizzlies-Clippers, 10 p.m.Wednesday The NBA announced on Thursday that it's fining the Kings $50,000 . Select the third team from the drop down menu. Even the head coach pulled in almost $4 million per season. 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. 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. 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. (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. All logos are the trademark & property of their owners and not Sports Reference LLC. Warriors-Lakers, 3:30 p.m. (ABC) Later that Wednesday, Wegzyn reached out to Golden 1 and Kaiser Permanente to learn more. The Kings did not respond to follow-up questions about whether the reference "six figures monthly" included the utilities and salaries, which the state is paying above and beyond the $500,000 monthly rent. "I need you to listen to me.". Across the courtroom, the U.S. attorney's team readies itself to argue that Jeff David should serve nine years in federal prison. 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. Still, the Kings defend the rent stating: "Per the state, our lease agreement for Sleep Train Arena is consistent with other similar alternate care facilities that have been created to support the growing medical needs of the COVID-19 crisis across California. Duality underpins practically everything about the brief existence of the KD, Harden and Kyrie Nets. 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. Jeff explains -- the visit from the FBI earlier in the day, the full breadth of the scam. The party, say sources with knowledge of the event, cost between $150,000 and $200,000. Odds & lines subject to change. They showed this by drafting Davion Mitchell with the 9th overall pick. In addition to the duties as Manager, Sales Operations. Maybe 2015? 2009: David sets up SSP Kate dials Bank of America, whose reps bounce her around the after-hours customer service labyrinth. Over a nearly four-year stretch in which he was . In scouring David's correspondences, it appeared as if he'd been working to sell one of the properties. Use without license or authorization is expressly prohibited. 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. In 2012, approaching his 40s, David was earning a low-to-mid-six-figure salary. She was careful not to reveal her intention, not wanting to alarm either entity. "You could come work for us," Sommercamp told Wegzyn. Do you have a sports website? The Sacramento Bee was the outlet that published the allegations made by. 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. Associate Counsel, Halle CaroloDirector, Talent & Engagement, Christina VasquezDirector, Ticket Operations, Paul JohnsonVP, Player Development & Stockton Kings General Manager, Dutch GaitleyAssistant Coach/Director of Player Development, Lindsey HardingAssistant Coach/Player Development, Mark ToyodaSr. Like a bank thief tossing away a dye pack, David reached out to Golden 1 and explained that SSP was the account reserved for finalizing construction of the arena. I'll give it back, and when I do, it'll be OK.". "The alternate care facility is capable of housing up to 400 beds approx. "I think you're making too much of this," Jeff says. Jul 2019 - Present3 years 9 months. "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. It's a schmoozy industry conclave where David had once thrived, and this year he is at the center of attention in absentia. 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. Please also read our Privacy Notice and Terms of Use, which became effective December 20, 2019. Still, Peterson and Stone don't think the Kings should be allowed to profit off the pandemic. The Sacramento Kings announced today that Wes Wilcox, Phil Jabour and Paul Johnson have been added to the team's basketball operations group.