Owner Vivek Ranadiv said, "I am excited to bring his extensive experience and vision onboard to lead our basketball operations department. 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. 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. There's no real cost to them," Stone said. But on his way out, he had left behind a digital trail. [2] Early life [ edit] Born in Chicago, Illinois, Kolokotronis is the second of four daughters born to Greek immigrants. Raptors-Clippers, 10 p.m. *All times Eastern. "But any half-truth will be considered a lie. Sacramento Kings Profile and History . It was looking to broker courtside signage for Peak Sport, a sportswear company. 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. The team gave nearly 3,000 pounds of food to the Sacramento County Office of Education and Sacramento Food Bank. I'll call them tomorrow. Wegzyn was aware of other entities associated with the Kings' basketball and real estate assets, but this one didn't sound familiar. The notion that David could orchestrate, say, nine deals valued at an average of $500,000 is, the executive says, fantastical: "It doesn't work like that.". Claiming that expenses were piling up as the Kings tried to complete construction of the new arena, David asked Kaiser if it would add a $4.4 million upfront payment in lieu of an escalator. 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. 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. 2015-16: Golden 1, Kaiser frauds "I can't talk about it, but I'm obsessed. Though his crime didn't make him a household name, David has become a cautionary tale among NBA front offices afraid they could fall victim to such a scam. Kate dials Bank of America, whose reps bounce her around the after-hours customer service labyrinth. He was gregarious, fond of "hugging it out," able to laugh at himself when less extroverted spirits made light of that exuberance. As the person principally responsible for selling associations to these famous athletes, David was a fixture on the event level, too. 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. THE MOVING VAN from Sacramento chokes its way through Miami's thick August air. Join our linker program. It, too, is frozen. "I think you're making too much of this," Jeff says. Later that Wednesday, Wegzyn reached out to Golden 1 and Kaiser Permanente to learn more. In addition to the duties as Manager, Sales Operations. The Kings had given David an autonomy he could exploit. We, however, are providing the use of the team's former practice facility at no cost. 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. The previous June, he had purchased a $3.8 million home just blocks from the Pacific Ocean in Manhattan Beach. 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 . Whether it's a $20,000 signage buy with Van Wagner, a shipment of basketballs or a $110 million sponsorship deal, most NBA organizations have a rigorous system that tracks every purchase and sale. In scouring David's correspondences, it appeared as if he'd been working to sell one of the properties. 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 Joelle Terry Senior Vice President, Communications Joelle Terry serves as the Senior Vice President, Communications of Sacramento Kings. 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. Director, Coaching Analytics and Strategy, Melanie StockingSr. 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. A spokesperson previously noted that the half-million-dollar rent at the arena works out to $41 per bed, per night for 400 beds. CFOs swap accounts of stress-testing their team's internal checks and balances to protect against potential fraud. Six seasons split between Kansas City and Omaha, and then seven more in just K.C. 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 . While attending college, McNair was a wide receiver on the football team. (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. January 24, 2022 12:01am A Sacramento Kings executive was fined by the NBA for in-game actions, raising a complicated legal question. In the 2021 NBA Draft, McNair and the Kings showed they wanted to improve their defense after having a historically bad defensive year. IN 2009, WITH the NBA in the headwinds of the global recession and rumors of a Kings relocation swirling, David was a man with growing concerns. Prior to Philadelphia, Jabour was a Scout for the Orlando Magic (2012-14) and contributed to collegiate and professional prospect evaluation. 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. Wilcox joins the Kings organization with nearly 20 years of experience in the NBA, including serving as General Manager (2015-17) and Assistant General Manager (2012-15) of the Atlanta Hawks. * 21+ (19+ CA-ONT) (18+ NH/WY). 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. 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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. It's a schmoozy industry conclave where David had once thrived, and this year he is at the center of attention in absentia. Director, Basketball Administration, Robbie LemonsSr. What's going on?!". Wegzyn and the Kings brass realized it was time to escalate this homegrown investigation. The reality is there are only four real contenders. No alert, no explanation. The fine line between young talent and win-now veterans will be Monte McNairs delicate dance. 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. ", "What's he talking about?! On this Wikipedia the language links are at the top of the page across from the article title. 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. As Rich pleads with Jeff, Kate rouses from her trance, shock replaced by resignation. 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. (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. "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. "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. Suns-Mavericks, 1 p.m. (ABC) Across the courtroom, the U.S. attorney's team readies itself to argue that Jeff David should serve nine years in federal prison. "What happened with Golden 1 and Kaiser probably doesn't happen with American Airlines or Bank of America," says a top NBA team executive. Grizzlies-Clippers, 10 p.m. Mavericks-Pelicans, 7:30 p.m. Phone: 888-91-KINGS. Jeff volunteers that Golden 1 and Kaiser Permanente, two major sponsors with the Kings, are partners. Could this trade come down to the wire a la Jimmy Butlers exit from Chicago to Minnesota? Duality underpins practically everything about the brief existence of the KD, Harden and Kyrie Nets. The cash went straight to David without the Kings knowing it existed. He got to work revising the original paperwork, forging team president Chris Granger's signature and sending a digital file back to Kaiser. McNair grew up in Oak Park, California, and attended Oak Park High School. "I knew how these other companies operated. Jeff tells her that's unlikely. 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. "We are always happy . . Sacramento Kings, Kansas City Kings, Kansas City-Omaha Kings, Cincinnati Royals, Rochester Royals, Seasons: An inquisitive bean counter with the Kings could assume that any new signage in the arena must be part of a larger advertising buy. 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. In his five years in Houston, he served in a variety of scouting roles including Director of Scouting with NBA G Leagues Rio Grande Valley Vipers (2009-11). - Develop Fan Experience strategy to sell $100k in experiences through the Kings App. 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. 2023 CBS Broadcasting Inc. All Rights Reserved. Director, Partnership Marketing & Business Development, Jozee PerrelliDirector, Box Office Operations, Colin WarnerDirector, Business Intelligence, Karl CrudupDirector, Event Sales & Production, Michael RamosDirector, Groups & Hospitality, Nichole AmbergDirector, Interactive Design & Strategy, Allison ChandlerDirector, Marketing & Advertising, Kelsey KauffroathDirector, Marketing & Fan Engagement, Matthew JohnsonDirector, Membership Sales & Sales Enablement, Nick CooperDirector, Membership Services & Retention, Kamilah JohnsonDirector, Retail Merchandise, Katie NicholsonDirector, Social Responsibility, Meryl BalalisDirector and Sr.