Director, Basketball Administration, Robbie LemonsSr. Jeffrey David pleaded guilty earlier this year to . "But any half-truth will be considered a lie. The NBA announced on Thursday that it's fining the Kings $50,000 . "It seems to come down to around 20- or $25,000 a month," Stone said. 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. But unbeknownst to the higher-ups, he kept negotiating. They state that a lengthy sentence would be an act of vengeance with no practical purpose. Former Sacramento Kings executive Jeffrey David was responsible for creating streams of revenue for the team. The reasons for their failure may have been inherent to the whole project. What's going on?!". "We're partners. 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. 4 overall pick in the 2022 NBA Draft, the discourse of shopping the pick has been a quiet Plan B that league. Tools and Resources Used by Real General Managers. Raptors-Clippers, 10 p.m. His style wasn't for everyone. Jeff assures her they can trash them because the entity isn't around anymore. 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. 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. The most persistent item for debate has been the extent to which this fraud could've happened to any team. The former Kings executive reportedly ran a sophisticated money-laundering scheme. "Does this have anything to do with those FBI agents today?". Per team policy, terms of the deal were not . Team Contact Information. 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. 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. 4 on Thursday's NBA Draft, making a huge pivot than what was expected of them. David and his legal team had hoped for a sentence not much longer than two years, but Shubb hands down a term of seven. 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. ", "Jeff is white-collar meets surfer dude, the consummate bro," says a former Kings co-worker on the business operations side. SACRAMENTO, Calif. (CN) - Capping a corporate embezzlement scheme executed inside the headquarters of a major sports franchise, a federal judge on Monday sentenced a former Sacramento Kings executive to seven years in prison for a series of white-collar crimes. Suns-Mavericks, 1 p.m. (ABC) Jabour will be primarily responsible for overseeing the structure and processes of the scouting department. How do you repay money to a team that doesn't know anything has been stolen? NBA.com is part of Warner Media, LLCs Turner Sports & Entertainment Digital Network. "We're going to lose everything.". Still, Peterson and Stone don't think the Kings should be allowed to profit off the pandemic. 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. Motivated by such prospects, he'd set up a private entity -- Sacramento Sports Partners. "I can liquidate the properties. A portion of the monthly rate will go to offset annual costs associated with owning the property (which are over six figures monthly and over seven figures annually) and any revenue that the team will forgo (i.e. 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. On Sept. 7, 2018, the Heat dismiss David. I'll call them tomorrow. 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 . Peterson was with the organization for 25 years under three different owners. "I'll just give the money back," Jeff says. But it's one that will dictate the rest of Jeff David's life. She also noted that the Kings were one of many teams that agreed to pay game-day workers through the month of March and that they donated nearly 3,000 pounds of excess stadium food. 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 cash went straight to David without the Kings knowing it existed. "That was a man, this is taking me back. Now he had flown his wife and young family on a private charter to Southern California to spend July Fourth at the new four-bedroom house, which was half a mile from an even grander property in Hermosa Beach that Jeff had also purchased. Warriors-Lakers, 3:30 p.m. (ABC) 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. 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. Select the second team from the drop down menu. Join to view profile Sacramento Kings. They showed this by drafting Davion Mitchell with the 9th overall pick. All content 2000-2023 RealGM, L.L.C. However, the former VPs point out that the state is paying for those employees on top of the $500,000 rent. 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. The team gave nearly 3,000 pounds of food to the Sacramento County Office of Education and Sacramento Food Bank. 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. With David no longer present to service the Golden 1 account or run interference, the fraud would be nearly impossible to manage. The organization did not provide those numbers. 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. 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. "Giving back to the community, that was always emphasized in my experience there," Stone said. ", 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.". 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. Six seasons split between Kansas City and Omaha, and then seven more in just K.C. He promptly returned the $6 million and instructed Golden 1 to wire the funds to the Kings' primary account. 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. - Develop Fan Experience strategy to sell $100k in experiences through the Kings App. 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. She was careful not to reveal her intention, not wanting to alarm either entity. Rich and Nancy become incredulous. The next summer, David left the Kings for the Heat. "You know what you did. Find out the latest on your favorite NBA teams on CBSSports.com. 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. What Wegzyn didn't yet have were whatever contracts David had drawn up to lure Golden 1 and Kaiser Permanente into his scheme. 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. Jeff wears a double-vented navy suit, whiskey-colored shoes and thick-framed glasses; Kate is in a black dress. Michael McCann Jan. Maybe 2015? 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. Do you have a blog? When asked for the motivation behind the theft, David, years later, gives no unified theory. FOR JEFF DAVID, the summer of 2017 was one of those times when the reality of a man's life surpasses even his dreams. (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. 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.
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