On Sept. 7, 2018, the Heat dismiss David. "I wouldn't have been contacting you if the deal was covering their costs," Stone said. (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. 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. David now lives at the Federal Correctional Institution in Morgantown, West Virginia, where pleasures are smaller and infrequent. They state that a lengthy sentence would be an act of vengeance with no practical purpose. Across the courtroom, the U.S. attorney's team readies itself to argue that Jeff David should serve nine years in federal prison. decisions (usually the general manager) are listed. Please also read our Privacy Notice and Terms of Use, which became effective December 20, 2019. Choose at least two teams from the menus below to start your trade. 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. There have been so many weird things that have happened over the years with this club, which was incredible in . The Kings are closing in on the Memphis Grizzlies in the standings. 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. Stacy and Mark bid schmaltzy parental farewells to their daughter, whom they settled at school, then reversed course back to Sacramento. 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. Team Names: I'll tell them the whole story and show them where the money is. Sommercamp has questions. But it did ultimately prove useful. 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. Knicks-Celtics, 7:30 p.m. ESPN Daily Podcast: Inside the great NBA heist. The wild story behind the NBA's most unlikely heist, Morant to miss two games after video with gun, Sixers rally to snap Bucks' 16-game win streak, Curry, Iguodala probable to return vs. Lakers, Sources: Suns hiring Pistons' Bartelstein as CEO, Grizzlies' Clarke tore Achilles, out for season, Kerr touts 5-0 homestand: Dubs 'turned a corner', KD: Mavs tilt, Kyrie meeting 'just another game', Sources: Dragic joining Bucks for rest of season, The paths of KD and Kyrie: How one month changed three franchises and two superstar legacies. 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. Jeff explains -- the visit from the FBI earlier in the day, the full breadth of the scam. Leaving out pertinent facts will be considered a lie. The same . To make up the shortfall, David says he planned to wire the missing amount to the Kings. Our reasoning for presenting offensive logos. Odds & lines subject to change. Description Operator of a professional basketball team. He says he believes that the Kings' finance department wouldn't have a concern that the $5.5 million had arrived in two payments as long as the full amount was present. 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. Jeffrey David pleaded guilty earlier this year to . Led by David, they had begun discussions with several corporations for the naming rights for their new arena and training facility, which were under construction. "This happened over many, many years.". The masculine minimalism looked familiar to anyone who has walked into a boutique hotel in the past decade. Reading David's email felt invasive, even if Kings employees, like those at most companies, sign away their privacy to people like her. "But any half-truth will be considered a lie. Duality underpins practically everything about the brief existence of the KD, Harden and Kyrie Nets. 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 the forfeiture team has arranged to sell far more complex assets than beach homes. Does Jeff truly believe that the only item on his to-do list is restitution? (4/8/20), Coronavirus Help: Kings Players To Donate More Than 1,000 Meals To Community, CBS Sacramento, 4/8/20, Kings players have had to stay ready for the return of basketball on their own but that doesn't mean they aren't staying together in other ways. We, however, are providing the use of the team's former practice facility at no cost. Still, Peterson and Stone don't think the Kings should be allowed to profit off the pandemic. Barnes scores 29 points, Kings beat Thunder for 4th straight Harrison Barnes scored 29 points and the Sacramento Kings beat the Oklahoma City Thunder 123-117 on Tuesday night for their fourth . 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. 2012: Van Wagner fraud I have to stay with this. 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. 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. Multiple sources in Sacramento portray Golden 1 as an institution eager to make a splash in the market it has championed passionately. $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. Kate grasps for any theory, speculating that the agents might have been con artists posing as Feds to fleece the family. 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. Jeff retreats to a back bedroom with Sommercamp, who wants Jeff relaxed and comfortable, a willing conversationalist. ", Wegzyn presses on. The former Kings executive reportedly ran a sophisticated money-laundering scheme. She searched David's emails for any connection to the address in Manhattan Beach or Sacramento Sports Partners. 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 However, their most notable acquisition this season was signing Russell Westbrook after he was bought out of the final months of his . Kevin Arnovitz explains what the possible motivations were for former Kings executive Jeff David siphoning millions of dollars from the team. Later that Wednesday, Wegzyn reached out to Golden 1 and Kaiser Permanente to learn more. They were a massive disappointment, yes, but also so transcendent for brief moments. Per team policy, terms of the agreements were not disclosed. Later on, she found a $9 million deposit from Golden 1. 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! "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. Stone was there for nine years and was Senior VP of Arena Services under the Maloofs. "I can liquidate the properties. Monte McNair is an American sports executive who is the general manager and president of basketball operations for the Sacramento Kings. The organization did not provide those numbers. Dec. 2018: David pleads guilty Sacramento Kings event. 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. Though his wife and in-laws still believe he's a good man, David won't enjoy their devotion in close proximity, except as official visitation rules permit. 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. . On September 17, 2020, the Sacramento Kings announced the hire of McNair as the general manager and president of basketball operations. Director, Basketball Administration, Robbie LemonsSr. One executive in the finance department of an NBA team says, "We invoice everything -- even signed contracts. Select the third team from the drop down menu. No alert, no explanation. Jabour will be primarily responsible for overseeing the structure and processes of the scouting department. 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. Prior to that promotion, Johnson was a Pro Evaluation Coordinator after having worked in different capacities for the Oklahoma City Thunder since 2015. "They're not providing any of that. Wegzyn and the Kings brass realized it was time to escalate this homegrown investigation. "What happened with Golden 1 and Kaiser probably doesn't happen with American Airlines or Bank of America," says a top NBA team executive. The U.S. attorney's office and others in law enforcement praise the Kings for swiftly responding to what Wegzyn uncovered. However, they said that few teams are profitable year to year and they note that many businesses will lose money, along with the state. 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). David had answered the unsolicited call from Van Wagner, so no one else with the Kings would have had knowledge of the discussion. 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. During this extended playoff drought, the Kings had 10 different head coaches. ", "What's he talking about?! Get browser notifications for breaking news, live events, and exclusive reporting. 4 overall pick in the 2022 NBA Draft, the discourse of shopping the pick has been a quiet Plan B that league. Knicks-Celtics, 7:30 p.m. 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. The most persistent item for debate has been the extent to which this fraud could've happened to any team. 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. Prior to the Hawks, Wilcox was Director of Player Personnel for the Cleveland Cavaliers and the first General Manager of the Cavs NBA Development League team, the Canton Charge. Watch on ESPN+. THE MOVING VAN from Sacramento chokes its way through Miami's thick August air. Join to view profile Sacramento Kings. Choose at least two teams from the menus below to start your trade. 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. Logos were compiled by the amazing SportsLogos.net. Jeff arrived at the soiree with Kate, who found the whole affair conspicuous, a bit ridiculous, a different kind of life. Wegzyn was aware of other entities associated with the Kings' basketball and real estate assets, but this one didn't sound familiar. What if I'm wrong? You gotta admire Scot's remarkable humility Whenever we talk about the 2000s Sacramento Kings, a.k.a. Or write about sports? If he knows that -- or senses it -- he doesn't let on. It also gave David an opening. Free Test. Wilcox began his career in the NBA as an intern (2001-02) with the Miami Heat in their scouting and video department, before becoming a Video Coordinator with the New Orleans Hornets in 2002-03. 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. "The monthly lease amount for Sleep Train Arena (including 4,000 parking spaces) is a discounted rate. Select the players you wish to trade from the rosters below. 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. Nancy speaks with a measured empathy about a man whose adult life she admires. But he had a desire for more. 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. 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. 2011: Named Kings CRO FIFTEEN DAYS BEFORE David begins serving his sentence, a pressing matter lands on his docket. Director, Digital, Content & eSports, Nicole LoscavioSr. (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. I'll give it back, and when I do, it'll be OK.". Among the weak links, they say, was the Kings' finance department. Jeff wears a double-vented navy suit, whiskey-colored shoes and thick-framed glasses; Kate is in a black dress. 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. In 2012, approaching his 40s, David was earning a low-to-mid-six-figure salary. 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. 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. All rights reserved. Between the two of them, they spent nearly 30 years with the Kings. He returns to Columbus, where he, Kate and their three children have relocated to a roomy cluster home not far from where Kate grew up and where most of her family resides. The longer Jeff believes the inquiry is about the title company, the more likely it is that Sommercamp can extract the details he wants. (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. Jabour made his NBA debut as Daryl Moreys first scouting/personnel hire with the Houston Rockets in 2006. Amid all of this, Jeff receives a phone call from a former co-worker with the Kings. NBA executives believe Kings could trade No. 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. Sacramento took Keegan Murray at No. But this was the nerve center of Jeff's world. Account Executive at Sacramento Kings Sacramento, California, United States. Join us for a March Madness Webinar on Tuesday, March 7 at 8pm ET. It had to be a hard decision. Warriors-Lakers, 3:30 p.m. (ABC) Jeff David's NBA was awash in wealth, yet in this rarefied air, he was the pauper. 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. All rights reserved. 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. But it's when Sommercamp asks about how he obtained signatures from his partners in Sacramento that Jeff knows it's time to suspend his cheery front. (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. Why did Jeff David steal $13.4M from the Kings? Phone: 888-91-KINGS. 75; Find out the latest on your favorite NBA teams on CBSSports.com. David contends that from the moment he diverted funds from Golden 1 and Kaiser Permanente, he intended to repay the money. 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. He got to work revising the original paperwork, forging team president Chris Granger's signature and sending a digital file back to Kaiser. 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. "That was the tradition of the Kings, and what originally was Arco Arena," Peterson said. 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. David filed this information away. It was audacious and, in David's mind, airtight. "I've got something really crazy going on at work," she said. The Sacramento Bee's Jason Anderson dove into the Kings' perspective further. Jeff last remembers sitting in her office in Sacramento just months earlier, being told that the Kings were going to eliminate his position. With David no longer present to service the Golden 1 account or run interference, the fraud would be nearly impossible to manage. "[10], The Kings also interviewed Sachin Gupta (Timberwolves' EVP of basketball operations), Wes Wilcox (Hawks' former GM), and Calvin Booth (GM of the Nuggets) for the position. We had an arrangement and we agreed upon it, then everyone moved on.". He won't see the children at all for the next several years. As rewarding as sales work can be on behalf of a pro basketball team, it hadn't satisfied Jeff's thirst for more. JEFF, KATE AND their families arrive at the U.S. 2020 CBS Broadcasting Inc. All Rights Reserved. ", "Theagreement has also enabled over 100 part-time Kings team members (i.e. 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. "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. [1][2][3] He was appointed to this position in September 2020, having previously spent 13 years in the Houston Rockets organization. A former top Sacramento Kings executive was sentenced Monday to seven years in prison for siphoning $13.4 million from the team. Mavericks-Pelicans, 7:30 p.m. The family feels that seeing their father in a state of incarceration would be too traumatic for his kids. 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. In the 2021 NBA Draft, McNair and the Kings showed they wanted to improve their defense after having a historically bad defensive year. Kate toggles over to the family's secondary account at Wells Fargo. Kate, a chronic worrier about the Davids' growing family, could rest easier knowing he'd secured their future. 'Whatever seed we are, we're ready': Is there room for Cleveland among the East elite? He tries to establish a personal rapport with the government's lawyers, but few professions are more impervious to a salesman's charm than that of government lawyer. When asked for the motivation behind the theft, David, years later, gives no unified theory. Now he was a part of the action with his most wealthy counterparts, demonstrating to himself that he could succeed at the art of investment. David had neglected to leave the digital document when he'd departed for Miami a few weeks earlier. 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. 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. The reality is there are only four real contenders. David says that in his capacity as a top executive with another team, he could have called his counterpart in Sacramento several times over a 10-year period and brokered such deals. Wegzyn asked Thomas to set up a meeting. "It's a Sacramento tradition.". "You're probably not going to get that money back," Sommercamp says. 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. Our reasoning for presenting offensive logos. One Kings co-worker considered him the sort of oleaginous salesman who'd go into business with anyone. Hours earlier, the FBI had stormed her house. "I think you're making too much of this," Jeff says. When the FBI arrived Wednesday afternoon, the Kings were armed with troves of documents unearthed and organized by Wegzyn -- a binder with all the correspondence, the tax documents, the bank statements, anything she could get her hands on. He is an Arizona State University alum (2006) and earned a Masters of International Business from the University of St. Thomas (2007). she screams at Jeff, who seems oddly sanguine for a man who suddenly doesn't have the liquidity to order takeout. Motivated by such prospects, he'd set up a private entity -- Sacramento Sports Partners. Jeffrey David, 44, the team's former chief revenue officer, pleaded . "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. "Giving back to the community, that was always emphasized in my experience there," Stone said. And even though he was earning $360,000 per year plus bonuses, just about everyone in here made more than he did. "This is Stacy with the Kings," she told the rep in accounts payable at each organization. Knowing that this is a draft class where frankly mock drafts change every single day outside of lottery numbers 1-3, Sacramento has an opportunity to find generational talent in a youth like Jaden Ivy, Shadeon Sharpe, and Keegan Murray. [8][9] Divac and the Kings traded DeMarcus Cousins to New Orleans in 2017 and chose to draft Marvin Bagley III in 2018, one pick ahead of Luka Doncic. LAC (127) vs SAC (128). After a short night's sleep, the family returns to the house in Pinecrest the next morning to rebox their belongings. So when they later learned the Kings were actually charging the state half a million dollars a month to rent the arena in addition to utilities and employee salaries, which the state also has to pay "Everyone I talked to just couldn't believe it," Stone said. So Golden 1 would be getting an invoice for $5.5 million weeks before the payment." 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. Here is the full list of the CBS13 stories cited by the Kings: The NBA 2K League is set to start on May 5 as teams will compete remotely due to COVID-19. "This was a long, sophisticated course of conduct that required registering LLCs with the state, opening commercial mailboxes in the LLC's name, using the identities and the good names of prominent regional businesspeople, signing their names on LLC documents unbeknownst to them, and using their identities to perpetuate fraud," he says.