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The family had spent the weekend at the Ohio State Fair, where two of his three kids won goldfish. Jeff volunteers that Golden 1 and Kaiser Permanente, two major sponsors with the Kings, are partners. - Develop Fan Experience strategy to sell $100k in experiences through the Kings App. (These workers are in addition tothe300-400 healthcare professionalsthestatehas hired to work atthefacility.)". Every Sports Reference Social Media Account, Site Last Updated: Saturday, March 4, 6:46PM. 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. Very fast paced and high stress environment. Amidst the discussion around who the Sacramento Kings draft with the No. "You have to put on real clothes, dude," he tells his 5-year-old son, who finds the proposition that he can't wear pajamas to a suburban shopping mall entirely unconvincing. 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. After restitution is paid to the Kings and other wronged parties, the remaining money goes to an asset forfeiture fund that compensates crime victims. San Diego State University. That is why they made several moves at the trade deadline. "I was just curious what that is and if those are documents that should go to somebody else," Wegzyn says. This agent, John Sommercamp, finds Kate and Jeff in the kitchen, where he tells them they might be the victims of fraud. It was audacious and, in David's mind, airtight. 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. 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. The most persistent item for debate has been the extent to which this fraud could've happened to any team. Phone: 888-91-KINGS. Our reasoning for presenting offensive logos. His first opportunity came that year when Van Wagner, a New York-based sports marketing firm, placed a routine call to David. One executive in the finance department of an NBA team says, "We invoice everything -- even signed contracts. * 21+ (19+ CA-ONT) (18+ NH/WY). We have tools and resources that can help you use sports data. And he becomes emotional when he speaks on his own behalf, pausing to collect himself as he conveys remorse to the court. The reality is there are only four real contenders. He says he's investigating a real estate title company. 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. NBA.com is part of Warner Media, LLCs Turner Sports & Entertainment Digital Network. Working as an Account Executive at Sacramento Kings in - Indeed The company owns and manages professional basketball teams and competes in the National Basketball Association as a member of the Western Conference Pacific Division. 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. When asked for the motivation behind the theft, David, years later, gives no unified theory. In addition to the duties as Manager, Sales Operations. On occasion, Ranadive walked into the building alongside celebrities such as Drake and Jamie Foxx. Kings Add 3 Executives to the McNair-Led Front Office But the forfeiture team has arranged to sell far more complex assets than beach homes. Per team policy, terms of the deal were not . 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.". 2009: David sets up SSP Please enter valid email address to continue. [7] Highly regarded executive Daryl Morey (who was the president of basketball operations of the Rockets at this time) said in 2018, "Monte has been absolutely critical to the success of the Rockets over his long tenure.". However, the former VPs point out that the state is paying for those employees on top of the $500,000 rent. Sacramento Kings Executive Salaries | Comparably Jabour will be primarily responsible for overseeing the structure and processes of the scouting department. "I can't talk about it, but I'm obsessed. "It tells a better story.". Between the two of them, they spent nearly 30 years with the Kings. David's lawyers counter that their client has cooperated fully and presents little risk of recidivism. Jeffrey David pleaded guilty earlier this year to . CFOs swap accounts of stress-testing their team's internal checks and balances to protect against potential fraud. As the person principally responsible for selling associations to these famous athletes, David was a fixture on the event level, too. One longtime team president finds David's plan unconvincing, noting that while franchises aggregate their market power, they're far more likely to swap data of pricing and then share the contact information for the sponsor. "He knew I was capable of it" - Ex-Sacramento Kings backup center Scot Pollard said Rick Adelman always wanted him to score. We, however, are providing the use of the team's former practice facility at no cost. "He'd open meetings with 'It's Money Monday!' From the exposed wall of the lounge, guests watched Kings players dash to and from the locker room and court for warm-ups. 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. Get the latest news and information for the Sacramento Kings. 2022 season schedule, scores, stats, and highlights. Sacramento Kings Company Profile | Management and Employees List - Datanyze In the 2021 NBA Draft, McNair and the Kings showed they wanted to improve their defense after having a historically bad defensive year. [14], One of the largest problems that McNair faced was filling the shooting guard position as Bogdan Bogdanovic was a free agent in the 2020 offseason. [1] Kolokotronis is in her 22nd season with the Kings. David, 44, siphoned $9 million from the Golden 1 Credit Union and $4.4 million from Kaiser Permanente. Former Sacramento Kings executive Jeffrey David was responsible for creating streams of revenue for the team. Then drop a silly rap lyric about an account.". Jul 2019 - Present3 years 9 months. Use without license or authorization is expressly prohibited. Team Names: In scouring David's correspondences, it appeared as if he'd been working to sell one of the properties. Warriors-Lakers, 3:30 p.m. (ABC) Join to view profile Sacramento Kings. Join us for a March Madness Webinar on Tuesday, March 7 at 8pm ET. "I'm in really big trouble," Jeff says to Kate's mother, Nancy, and her partner, Rich. 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. Former Sacramento Kings executive who stole $13M receives 7-year jail There's no real cost to them," Stone said. McNair hopes to bring stability to the organization. "It seems to come down to around 20- or $25,000 a month," Stone said. There was nothing aesthetically unique about the Lexus Lounge. When Golden 1 remitted its first scheduled annual payment, it did so to SSP -- not the Kings. 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's mother-in-law and her partner had arrived the previous night to help wrangle the kids while Jeff and his wife, Kate, led their family from their rental home in Coconut Grove. 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. Kate grasps for any theory, speculating that the agents might have been con artists posing as Feds to fleece the family. [2] Early life [ edit] Born in Chicago, Illinois, Kolokotronis is the second of four daughters born to Greek immigrants. Sacramento Kings Company Profile: Acquisition & Investors | PitchBook 2020 CBS Broadcasting Inc. All Rights Reserved. "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. His life is seemingly picture-perfect. A former executive from the NBA's Sacramento Kings has been accused of taking $13.4m from two sponsors, according to The Sacramento Bee. I am excited to have Wes, Phil and Paul join the front office, said McNair. Carson Augostatos - Manager, Loyalty Marketing - Sacramento Kings "You know what you did. Maybe 2015? 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. Monte McNair is an American sports executive who is the general manager and president of basketball operations for the Sacramento Kings. [16], List of National Basketball Association team presidents. Contact Information Website www.kings.com Formerly Known As Rochester Seagrams Ownership Status Acquired/Merged "You could come work for us," Sommercamp told Wegzyn. Here, they begin with a directive to David: "Anytime you want to confer with your lawyers privately, we're happy to step out of the room," says Assistant U.S. Attorney Michael D. Anderson. Description Operator of a professional basketball team. Tech titans helped themselves to sushi, while guests roamed downstairs on Ranadive's sunken basketball half court. I'll tell them the whole story and show them where the money is. Dr. A's weekly risers and fallers: Jeremy Sochan, Christian Wood make the list, NBA Power Rankings: Kevin Durant's return could rock the West, Inside the NBA's silent tension surrounding Daryl Morey, From the archives: How former ref Tim Donaghy conspired to fix NBA games, in a Kings organization often beset by palace intrigue, stay of execution that had wrested the team back from Seattle in 2013, Supplemental Privacy Policy for Singapore. As rewarding as sales work can be on behalf of a pro basketball team, it hadn't satisfied Jeff's thirst for more. Sacramento took Keegan Murray at 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. We had an arrangement and we agreed upon it, then everyone moved on.". 2016: Purchases beach homes As Rich pleads with Jeff, Kate rouses from her trance, shock replaced by resignation. The Kings take issue with this characterization. Watch on ESPN+, Follow Zion, Ja, RJ, De'Andre, Coby and more top rooks as they balance basketball and life during an exciting NBA season. The cash used in the purchases was almost entirely the millions sent to Jeff by Golden 1 and Kaiser Permanente. tenants renting space in the building or revenue from the parking lots) as a result of the surge hospital.". How the Kings' owner made Sacramento 'Basketball Hell' | The Sacramento Bee The organizational chart of Sacramento Kings displays its 36 main executives including John Rinehart, Matina Kolokotronis and Tom Hunt . He promptly returned the $6 million and instructed Golden 1 to wire the funds to the Kings' primary account. When Governor Newsom first announced the Kings offered Sleep Train Arena to help house an expected surge of coronavirus patients, Peterson and Stone were not surprised. Select the first team from the drop down menu. The Kings had given David an autonomy he could exploit. The Kings selected Tyrese Haliburton with the 12th pick in the 2020 NBA Draft. 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 former top Sacramento Kings executive was sentenced Monday to seven years in prison for siphoning $13.4 million from the team. While Peterson and Stone left the Kings organization in 2006 and 2009, respectively, they said they've spoken with several other former executives who are still working in the industry. Pistons vs. Cavaliers: Play-by-play, highlights and reactions "Giving back to the community, that was always emphasized in my experience there," Stone said. The mutual trust between David and the sponsors was unassailable -- enough to even navigate a snafu that could have derailed his entire scheme. On this Monday, walking through the Davids' new front door is a dizzying procession of cable guys, utility workers and movers. The Sacramento Bee was the outlet that published the allegations made by. I'll call them tomorrow. Former Sacramento Kings executive Greg Van . The amount represented a relatively small sum for a franchise that would generate some $13 million in sponsorship revenue that season. Johnson played collegiately at La Salle University in the Atlantic 10 Conference, where he was team captain of the mens basketball team and graduated in 2009. All content 2000-2023 RealGM, L.L.C. The reasons for their failure may have been inherent to the whole project. 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. A surge of adrenaline jolted through Wegzyn's body. It had to be a hard decision. In June 2015, the Kings and California credit union Golden 1 agreed to a 20-year, $110 million naming rights deal for the team's new arena. The longer Jeff believes the inquiry is about the title company, the more likely it is that Sommercamp can extract the details he wants. This is the first moment when Kate, remarkably stoic throughout the 90-minute sentencing, visibly cries. We asked how much they think the Kings should be charging under these circumstances. Ex-Sacramento Kings exec gets 7 years for siphoning $13.4M Just zeros. Rich and Nancy become incredulous. Six seasons split between Kansas City and Omaha, and then seven more in just K.C. Sacramento Kings Executives | Basketball-Reference.com The organization points to its "In This Together" initiative. 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. Choose at least two teams from the menus below to start your trade. Matina Kolokotronis (born November 21, 1964) is Chief Operating Officer of the Sacramento Kings of the National Basketball Association. It's not going to be a big deal.". He does not believe Jeff is a victim. So Golden 1 would be getting an invoice for $5.5 million weeks before the payment." 2011: Named Kings CRO 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. CBS13 asked the Kings to disclose their actual monthly expenses for Sleep Train Arena, not including utilities and staffing that the state is paying for in addition to the $500,000 monthly rent. "It's a Sacramento tradition.". Our reasoning for presenting offensive logos. Director, Basketball Administration, Robbie LemonsSr. Learn more and register, Scores from any date in BAA/NBA or ABA history, Frequently Asked Questions about the NBA, WNBA and Basketball, Basketball-Reference.com Blog and Articles, Subscribe to Stathead Basketball: Get your first month FREE. The Kings, by contrast, are struggling to convince rival teams that . 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. Then Sacramento's vice president of corporate partnerships, David feared he'd have to make ends meet as a private sports marketing consultant. A History Lesson For Sacramento: How Kansas City Lost The Kings - Deadspin Officials from Golden 1, Kaiser Permanente and Van Wagner declined to comment. JEFF, KATE AND their families arrive at the U.S. 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. On the flip side of the coin, those young talents can be the fire starters for other key franchises who are on a looking to move up in the draft, specifically the lottery, and give the Kings more stability rather than more super team, just young.. Eventually, she'd stumbled onto a folder titled "TurboTax," whose first item was a depreciation schedule for a home. In its nine years of existence, SSP never undertook any consultancy work. Team Contact Information. 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. 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." Ex-Sacramento Kings Executive Admits To Defrauding Team