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. 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? Everyone will get their money back, and it'll be OK. Report this profile . The Kings have finalized contracts with Doug Christie, Jay Triano and Luke Loucks to be assistant coaches under Mike Brown, writes Jason Anderson of The Sacramento Bee. For each of our 1,114,789 listed executives, discover their exact roles and their biographies. Former Sacramento Kings executive Jeffrey David was responsible for creating streams of revenue for the team. Matina Kolokotronis (born November 21, 1964) is Chief Operating Officer of the Sacramento Kings of the National Basketball Association. In December, David pleads guilty to wire fraud and aggravated identity theft charges. 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. The organizational chart of Sacramento Kings displays its 36 main executives including John Rinehart, Matina Kolokotronis and Tom Hunt . 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.". The news first broke in August 2018, when the Sacramento Bee's Sam Stanton and Darrell Smith revealed David's scheme to siphon $13.4 million from Kings sponsors Golden 1 Credit Union and . Golden 1 Center | 500 David J Stern Walk | Sacramento, CA 95814. 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. All three hires were reported last month by veteran writer Marc Stein and Andscape's Marc J. Spears, but the deals weren't completed until Friday, sources told Anderson.. Christie, 52, played 15 seasons in the NBA . I'll tell them the whole story and show them where the money is. All content 2000-2023 RealGM, L.L.C. Only the executives in charge of player personnel The family had spent the weekend at the Ohio State Fair, where two of his three kids won goldfish. 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 fine line between young talent and win-now veterans will be Monte McNairs delicate dance. 1948-49 to 2022-23. I'll tell you that," Peterson said. His first opportunity came that year when Van Wagner, a New York-based sports marketing firm, placed a routine call to David. "I need you to listen to me.". 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. CFOs swap accounts of stress-testing their team's internal checks and balances to protect against potential fraud. 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. "He knew I was capable of it" - Ex-Sacramento Kings backup center Scot Pollard said Rick Adelman always wanted him to score. 2016: Purchases beach homes Amidst the discussion around who the Sacramento Kings draft with the No. Maybe 2015? 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. The longer Jeff believes the inquiry is about the title company, the more likely it is that Sommercamp can extract the details he wants. 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. 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. "But any half-truth will be considered a lie. NBA.com is part of Warner Media, LLCs Turner Sports & Entertainment Digital Network. ", "Jeff is white-collar meets surfer dude, the consummate bro," says a former Kings co-worker on the business operations side. In its nine years of existence, SSP never undertook any consultancy work. 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. He does not believe Jeff is a victim. Raptors-Clippers, 10 p.m. His style wasn't for everyone. David and Golden 1 had a deal structure that included 20 annual payments averaging $5.5 million. With David no longer present to service the Golden 1 account or run interference, the fraud would be nearly impossible to manage. The former Kings executive reportedly ran a sophisticated money-laundering scheme. 2009: David sets up SSP Even the head coach pulled in almost $4 million per season. Very fast paced and high stress environment. NBA.com is part of Warner Media, LLCs Turner Sports & Entertainment Digital Network. ", "What's he talking about?! During this extended playoff drought, the Kings had 10 different head coaches. 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. Select the first team from the drop down menu. Kevin Arnovitz explains what the possible motivations were for former Kings executive Jeff David siphoning millions of dollars from the 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. 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. Use without license or authorization is expressly prohibited. 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. "This is Stacy with the Kings," she told the rep in accounts payable at each organization. Peterson was with the organization for 25 years under three different owners. The family feels that seeing their father in a state of incarceration would be too traumatic for his kids. From the exposed wall of the lounge, guests watched Kings players dash to and from the locker room and court for warm-ups. At group dinners and in casual conversations, execs who worked with David try to recall instances that might have marked him as a crook. That is why they made several moves at the trade deadline. "It seemed out of sorts from what our morals and core values were," Peterson said. One team president says the franchise initiated a full audit of its operations days after the story became public. [15] Suns-Mavericks, 1 p.m. (ABC) ", 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.". Phone: 888-91-KINGS. I'll be up soon.". 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. Copyright 2000-2023 Sports Reference LLC. Select the second team from the drop down menu. "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. 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 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. Her bank accounts had been frozen. 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. 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. 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. He promptly returned the $6 million and instructed Golden 1 to wire the funds to the Kings' primary account. 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. Founded in 1923, The Sacramento Kings are a professional basketball team based in Sacramento, California, United States. On September 17, 2020, the Sacramento Kings announced the hire of McNair as the general manager and president of basketball operations. Among the weak links, they say, was the Kings' finance department. On this Monday, walking through the Davids' new front door is a dizzying procession of cable guys, utility workers and movers. 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. 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A former top Sacramento Kings executive was sentenced Monday to seven years in prison for siphoning $13.4 million from the team. He spent the 2015-16 NBA season stealing more money than most Kings players earned on the court. The next summer, David left the Kings for the Heat. (3/14/20), The Kings are one of many teams who have said they will pay their game-day workers throughout the month of March. He has an adoring wife of almost 10 years, three healthy children. 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. He planned to rent these investment properties, but in the meantime, his young family could bask in the warm glow of one of L.A.'s most appealing coastal towns. David and his legal team had hoped for a sentence not much longer than two years, but Shubb hands down a term of seven. 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. The forfeiture team instead works with a real estate team in Los Angeles. "Why is all of our money gone?!" 2020 CBS Broadcasting Inc. All Rights Reserved. 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. 60 activities a day, usually cold calls but they allow you to choose what kind of client you reach out to. But he had a desire for more. "I'll go to the FBI. There have been so many weird things that have happened over the years with this club, which was incredible in . Every Sports Reference Social Media Account, Site Last Updated: Saturday, March 4, 6:46PM. Just as Wegzyn returned to the office on Tuesday, confirmation arrived from Golden 1: It had sent a $9 million payment to SSP. 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. 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. "We are always happy . 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. Raptors-Clippers, 10 p.m. *All times Eastern. Tools and Resources Used by Real General Managers. $500,000 a month to rent the shuttered Sleep Train Arena, most of which appear to be for existing medical facilities, Public File for KMAX-TV / Good Day Sacramento. "I've got something really crazy going on at work," she said. 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. 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We, however, are providing the use of the team's former practice facility at no cost. 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. Account Executive at Sacramento Kings Sacramento, California, United States. As the Kings' CRO, he had been the architect of multimillion-dollar sponsorship deals that were funneled to an ownership group whose managing partner was worth several hundred million dollars. 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. The reasons for their failure may have been inherent to the whole project. 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. "The Greatest Show on Court," none of us would 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. They wanted to go local. We asked how much they think the Kings should be charging under these circumstances. 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." Michael McCann Jan. So Golden 1 would be getting an invoice for $5.5 million weeks before the payment." If he knows that -- or senses it -- he doesn't let on. I have to stay with this. 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. Wegzyn figured a quick tour of his file directory would produce something, so on Tuesday, six days before the FBI sting in Miami, she'd had the Kings' IT department download an archive from their shared cloud system. Free Test. Furthermore, the U.S. attorney's office believes the debate over whether David could feasibly repay the funds is irrelevant because he had no intention to do so. 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, 44, siphoned $9 million from the Golden 1 Credit Union and $4.4 million from Kaiser Permanente. "It tells a better story.". Grapevines and Teslas lined the driveway of Ranadive's 3-acre chateau; his glass-bottom pool was covered with flooring beneath an expansive tent. The amount represented a relatively small sum for a franchise that would generate some $13 million in sponsorship revenue that season. In doing so, the credit union left itself exposed to a mistake a more sophisticated entity might have avoided thorough due diligence. Director, Team Operations, Colin MontagueDirector, Basketball Analytics, Penny ChatzisDirector, Team Player Development, Zac HoweHead Strength & Conditioning Coach, Rachel MackPerformance Chef & Nutritionist. They were a massive disappointment, yes, but also so transcendent for brief moments. Team Names: "I lost the respect I had," David tells Judge William B. Shubb. Please also read our Privacy Notice and Terms of Use, which became effective December 20, 2019. 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. He had launched the first in a series of grifts that would grow from thousands to millions of dollars.
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