The Kings had given David an autonomy he could exploit. Copyright 2000-2023 Sports Reference LLC. 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.". she screams at Jeff, who seems oddly sanguine for a man who suddenly doesn't have the liquidity to order takeout. 2012: Van Wagner fraud David had neglected to leave the digital document when he'd departed for Miami a few weeks earlier. Golden 1 Center | 500 David J Stern Walk | Sacramento, CA 95814. The Kings have been recognized as one of the top 10 most innovative teams and success in this position is enhanced through the use of premium software such as: Dialpad, Clearslide, OneMob, Salesforce, DialSource, ZoomInfo, and Linked-In Sales Navigator, among others. 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. 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. "The Sacramento Kings, Stockton Kings, Kings Guard Gaming and Golden 1 Center have joined forces to educate, entertain, provide support and bring acts of kindness or "Kings-ness" to the community," a spokesperson said in an email. He says he had the mechanics worked out: On July 1, 2026, the Kings would be expecting $5.5 million (per the original payment schedule). 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. 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 Several of the executives note that it's not unusual for teams and sponsors to explore renegotiating their active agreements, which would require executives on both sides to review the paperwork. Select the third team from the drop down menu. And even though he was earning $360,000 per year plus bonuses, just about everyone in here made more than he did. "They're not providing any of that. San Diego State University. Wegzyn was aware of other entities associated with the Kings' basketball and real estate assets, but this one didn't sound familiar. The Kings take issue with this characterization. This agent, John Sommercamp, finds Kate and Jeff in the kitchen, where he tells them they might be the victims of fraud. They are members of the Pacific Division of the Western Conference in the National Basketball Association (NBA). They wanted to go local. It, too, is frozen. David offers a broad outline of the Golden 1 and Kaiser Permanente schemes. The most persistent item for debate has been the extent to which this fraud could've happened to any team. But the forfeiture team has arranged to sell far more complex assets than beach homes. 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. You gotta admire Scot's remarkable humility Whenever we talk about the 2000s Sacramento Kings, a.k.a. Find out the latest on your favorite NBA teams on CBSSports.com. 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. They were a massive disappointment, yes, but also so transcendent for brief moments. Could this trade come down to the wire a la Jimmy Butlers exit from Chicago to Minnesota? FIFTEEN DAYS BEFORE David begins serving his sentence, a pressing matter lands on his docket. On July 5, 2016, Golden 1 wired $9 million to SSP. 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. All content 2000-2023 RealGM, L.L.C. She finally learns that there's a freeze on the family account. Matina Kolokotronis (born November 21, 1964) is Chief Operating Officer of the Sacramento Kings of the National Basketball Association. Get browser notifications for breaking news, live events, and exclusive reporting. 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. After a short night's sleep, the family returns to the house in Pinecrest the next morning to rebox their belongings. I am excited to have Wes, Phil and Paul join the front office, said McNair. All rights reserved. Jeff retreats to a back bedroom with Sommercamp, who wants Jeff relaxed and comfortable, a willing conversationalist. "I'm in really big trouble," Jeff says to Kate's mother, Nancy, and her partner, Rich. Courthouse in Sacramento early on June 24, 2019. 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. Even the head coach pulled in almost $4 million per season. Multiple sources in Sacramento portray Golden 1 as an institution eager to make a splash in the market it has championed passionately. I'll tell you that," Peterson said. The Sacramento Kings announced today that Wes Wilcox, Phil Jabour and Paul Johnson have been added to the team's basketball operations group. "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. 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. In the following weeks, attempting to make restitution to the parties he victimized, he boldly pitches the prosecutors on the idea that he could help sell the properties based on his expertise and knowledge of the market. 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. 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. 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. What's going on?!". 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. 2016: Purchases beach homes 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. But it did ultimately prove useful. 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. Our reasoning for presenting offensive logos. But on his way out, he had left behind a digital trail. From the front row of the gallery, she stares into the distance. "It's a Sacramento tradition.". Jeff David's NBA was awash in wealth, yet in this rarefied air, he was the pauper. Summer 2018: Wegzyn finds the trail 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. I'll call them tomorrow. Then Sacramento's vice president of corporate partnerships, David feared he'd have to make ends meet as a private sports marketing consultant. What if this is all legit? When asked whether David's scenario sounds plausible, business operations executives from six NBA teams say they find it far-fetched. Choose at least two teams from the menus below to start your trade. It occurs to the U.S. attorneys that David might not realize it's that conversation that implicated him. On occasion, Ranadive walked into the building alongside celebrities such as Drake and Jamie Foxx. The average Sacramento Kings executive makes $274,769 a year. Use without license or authorization is expressly prohibited. It's a schmoozy industry conclave where David had once thrived, and this year he is at the center of attention in absentia. Sacramento Kings event. 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. Reading David's email felt invasive, even if Kings employees, like those at most companies, sign away their privacy to people like her. / CBS Sacramento. The SPORTS REFERENCE and STATHEAD trademarks are owned exclusively by Sports Reference LLC. Sixteen years of failure have given the Sacramento Kings ample time to amass a stunning record of futility spanning two ownership groups, four general managers, 11 coaches, countless players. "The monthly lease amount for Sleep Train Arena (including 4,000 parking spaces) is a discounted rate. Select the second team from the drop down menu. To offset the $9 million, David altered the payment schedule of the initial agreement, again forging Granger's signature. He has an adoring wife of almost 10 years, three healthy children. That August, the Kings also agreed to a 10-year, $28 million sponsorship deal for their new training facility with Oakland-based nonprofit health care provider Kaiser Permanente. However, they said that few teams are profitable year to year and they note that many businesses will lose money, along with the state. 1,001-5,000 employees Headquarters Sacramento, CA Type Privately Held Founded 1985 Locations Primary 500 David J Stern Walk Sacramento, CA 95814, US Get directions Employees at Sacramento. Sacramento Kings Vice President of Basketball Operations and General Manager Vlade Divac today named Dave Joerger as the team's new head coach. He had launched the first in a series of grifts that would grow from thousands to millions of dollars. 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. 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. On this Monday, walking through the Davids' new front door is a dizzying procession of cable guys, utility workers and movers. 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. "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. [4], McNair earned a Bachelor of Science degree in computer science from Princeton University in 2006. 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. However, the former VPs point out that the state is paying for those employees on top of the $500,000 rent. No alert, no explanation. We asked how much they think the Kings should be charging under these circumstances. Grizzlies-Clippers, 10 p.m. Mavericks-Pelicans, 7:30 p.m. Rival executives lauded the Hawks for the hiring of Snyder, according to Michael Scotto of HoopsHype, who spoke to Williams for the latest HoopsHype podcast. "We're going to lose everything.". Golden 1 Center | 500 David J Stern Walk | Sacramento, CA 95814Phone: 888-91-KINGS, Matina KolokotronisChief Operating Officer, John RinehartPresident, Business Operations, Becky Beland McNaughtSVP, Communications and External Affairs, Fernando VegaVP, A/V & Broadcast Production, Kari IdaVP, Communications and Public Relations, Mike HerreraVP, Corporate Partnership Sales & Service, Kindra Montgomery-BlockVP, Diversity, Inclusion & Social Impact, Maritza DavisVP, Experiences & Social Responsibility, Justin PetkusVP, Ticket Sales & Membership Services, Jason WiseSr. While attending college, McNair was a wide receiver on the football team. 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.". [2] Early life [ edit] Born in Chicago, Illinois, Kolokotronis is the second of four daughters born to Greek immigrants. This is the first moment when Kate, remarkably stoic throughout the 90-minute sentencing, visibly cries. $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. 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. The Sacramento Kings are celebrating "916 Day" by announcing events and activities for the upcoming 2022-23 NBA Season. "You know what you did. 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. After acquiring Domantas Sabonis, Sacramento has made it clear the goal is to end the franchises playoff drought rival teams are keeping an eye on Sacramento to trade this pick. 4 overall pick in the 2022 NBA Draft, the discourse of shopping the pick has been a quiet Plan B that league. Sommercamp asks Jeff how he found the money to buy it. Does Jeff truly believe that the only item on his to-do list is restitution? Wilcox will support General Manager Monte McNair in all facets of front office operations including roster construction, strategy and player evaluation. * 21+ (19+ CA-ONT) (18+ NH/WY). "We are always happy . In addition to the duties as Manager, Sales Operations. 2015-16: Golden 1, Kaiser frauds What he then did with that money proved far more problematic. 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.. "I've got something really crazy going on at work," she said. David left for a brief stint with the NBA league office before returning to Sacramento in 2011 as CRO. David contends that from the moment he diverted funds from Golden 1 and Kaiser Permanente, he intended to repay the money. 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. "It seems to come down to around 20- or $25,000 a month," Stone said. And when Golden 1 would wire $5 million, David says he planned to open up a DBA ("doing business as") account called GoldenOne from which he'd wire the $500,000 shortfall.