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. Jeffrey David, 44, the team's former chief revenue officer, pleaded . "You're probably not going to get that money back," Sommercamp says. CFOs swap accounts of stress-testing their team's internal checks and balances to protect against potential fraud. 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. Hours earlier, the FBI had stormed her house. With each passing hour, she became increasingly convinced that she was headed down a path that would upend David's life forever. The reasons for their failure may have been inherent to the whole project. 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. She searched David's emails for any connection to the address in Manhattan Beach or Sacramento Sports Partners. Former Sacramento Kings executive Greg Van . "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. NBA executives believe Kings could trade No. Johnson will lead Stocktons front office and have a hand in multiple aspects of Kings basketball operations. All the money's there. Or write about sports? How do you repay money to a team that doesn't know anything has been stolen? There was nothing aesthetically unique about the Lexus Lounge. 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. Subscribe to Stathead Basketball: Get your first month FREEYour All-Access Ticket to the Basketball Reference Database. Jeff last remembers sitting in her office in Sacramento just months earlier, being told that the Kings were going to eliminate his position. A year earlier, Jeff had purchased an $8 million home in Hermosa Beach, 20 miles southwest of Los Angeles. "The King's Foundation does a great job right now. We had an arrangement and we agreed upon it, then everyone moved on.". If he knows that -- or senses it -- he doesn't let on. He strongly suspects he's the perpetrator of a felony. After a short night's sleep, the family returns to the house in Pinecrest the next morning to rebox their belongings. A year later, David reached back out to Bland to inquire whether her offer for an upfront payment still stood. Jeff sits on the bed next to his wife and places his hand on her knee. 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 (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. 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. The Kings were heavily favored to either draft Purdue's Jaden Ivey among. In doing so, the credit union left itself exposed to a mistake a more sophisticated entity might have avoided thorough due diligence. This agent, John Sommercamp, finds Kate and Jeff in the kitchen, where he tells them they might be the victims of fraud. Among the weak links, they say, was the Kings' finance department. Michael McCann Jan. 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. Nancy speaks with a measured empathy about a man whose adult life she admires. 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. 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. THE MOVING VAN from Sacramento chokes its way through Miami's thick August air. The Sacramento Bee was the outlet that published the allegations made by. Jeff calls Sommercamp and puts him on speakerphone. 496 followers 493 connections. Four blocks down L Street was the capital of the world's fifth-largest economy, and the lobbyists who grease the wheels of that engine were there at one of 41 exclusive parties per season. (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. Matina Kolokotronis serves as the Chief Operating Officer (COO) of the Sacramento Kings. "You know what you did. 2009: David sets up SSP This is the first moment when Kate, remarkably stoic throughout the 90-minute sentencing, visibly cries. Raptors-Clippers, 10 p.m. *All times Eastern. However, they said that few teams are profitable year to year and they note that many businesses will lose money, along with the state. 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. 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. decisions (usually the general manager) are listed. "It seems to come down to around 20- or $25,000 a month," Stone said. I have to stay with this. She was careful not to reveal her intention, not wanting to alarm either entity. Federal prosecutors in Sacramento, California, on Wednesday filed charges and a plea agreement signed by former chief revenue officer Jeffrey David admitting to forging the team president's signature to divert sponsorship payments to a bank account he controlled. The Sacramento Kings are celebrating "916 Day" by announcing events and activities for the upcoming 2022-23 NBA Season. [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.". 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. The same . (3/30/20), With Golden 1 Center effectively closed because of COVID-19, the Sacramento Kings had some food on their hands and decided to donate that food to the local community. But multiple sources who have come through the Kings organization over the past decade say the organization had systemic flaws that left it susceptible during much of David's tenure. 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. Former Kings Vice Presidents Tom Peterson and Mark Stone said they spoke with other VPs and former owners who, they say, shared their concern. Confirm that your trade proposal is valid according to the NBA collective bargaining agreement. During this extended playoff drought, the Kings had 10 different head coaches. / CBS Sacramento. 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. Get browser notifications for breaking news, live events, and exclusive reporting. The news first broke in August 2018, when the Sacramento Bee's Sam Stanton and Darrell Smith revealed David's scheme to siphon $13.4 million from Kings sponsors Golden 1 Credit Union and . The reasons for their failure may have been inherent to the whole project. On this Wikipedia the language links are at the top of the page across from the article title. Jeff assures her they can trash them because the entity isn't around anymore. Watch on ESPN+. David had answered the unsolicited call from Van Wagner, so no one else with the Kings would have had knowledge of the discussion. Her name is Stacy Wegzyn, and she works in HR. The organizational chart of Sacramento Kings displays its 36 main executives including John Rinehart, Matina Kolokotronis and Tom Hunt . Sacramento Kings Staff & Executives - RealGM Sacramento Kings Staff & Executives Team: Season: Current | Historical View: Person View | Grid View Sort: Staff (A-Z) Col umns: Swipe 215 staff members found. "No, no, no," Jeff responds. (3/13/20), First published on May 7, 2020 / 10:58 PM. 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. Sacramento Kings Profile and History . 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. San Diego State University. They estimate that the Kings are profiting hundreds of thousands of dollars a month as, in their estimate, the cost to run the shuttered facility is a small fraction of what the state is paying to rent it. "It's a Sacramento tradition.". 75; "It tells a better story.". The fine line between young talent and win-now veterans will be Monte McNairs delicate dance. Question, Comment, Feedback, or Correction? May 7, 2020 / 10:58 PM He has an adoring wife of almost 10 years, three healthy children. Our intent was, and is, to continue to use our platform for good and to help support our community. The organization did not provide those numbers. Knicks-Celtics, 7:30 p.m. Matina Kolokotronis (born November 21, 1964) is Chief Operating Officer of the Sacramento Kings of the National Basketball Association. A former executive from the NBA's Sacramento Kings has been accused of taking $13.4m from two sponsors, according to The Sacramento Bee. Also, she wondered, why would a business whose name suggests it's an arm of the Kings write off a golf cart at a beach house near Los Angeles? Jul 2019 - Present3 years 9 months. What if this is all legit? 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. On Sept. 7, 2018, the Heat dismiss David. They say the Kings have a history of donating the facility, free of charge, during a variety of emergencies ranging from floods to Y2K. "I'm going to tell you, but I need you to hear me out," he says. So Golden 1 would be getting an invoice for $5.5 million weeks before the payment." We have tools and resources that can help you use sports data. FIFTEEN DAYS BEFORE David begins serving his sentence, a pressing matter lands on his docket. 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. "That was the tradition of the Kings, and what originally was Arco Arena," Peterson said. "Our money is frozen," Jeff says as Kate listens. Please enter valid email address to continue. The Kings did not respond to follow-up questions about whether the reference "six figures monthly" included the utilities and salaries, which the state is paying above and beyond the $500,000 monthly rent. I'll call them tomorrow. Wilcox will serve as Assistant General Manager, Jabour as Vice President of Player Personnel and Johnson as Director of Basketball Operations and General Manager of the teams G League affiliate, the Stockton Kings. Jeff wears a double-vented navy suit, whiskey-colored shoes and thick-framed glasses; Kate is in a black dress. "He'd open meetings with 'It's Money Monday!' We asked how much they think the Kings should be charging under these circumstances. Still, Peterson and Stone don't think the Kings should be allowed to profit off the pandemic. However, their most notable acquisition this season was signing Russell Westbrook after he was bought out of the final months of his . 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. Sacramento Kings, Kansas City Kings, Kansas City-Omaha Kings, Cincinnati Royals, Rochester Royals, Seasons: That is why they made several moves at the trade deadline. What Wegzyn didn't yet have were whatever contracts David had drawn up to lure Golden 1 and Kaiser Permanente into his scheme. Peterson and Stone also pointed out, unlike previous ownerships, the Kings are now subsidized by the state. A former top Sacramento Kings executive was sentenced Monday to seven years in prison for siphoning $13.4 million from the team. "This happened over many, many years.". "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. . He had launched the first in a series of grifts that would grow from thousands to millions of dollars. 4 pick for immediate help, De'Aaron Fox scores 33 points to lead Kings past Clippers 128-127. Copyright 2000-2023 Sports Reference LLC. [15] Join our linker program. We present them here for purely educational purposes. To learn more or opt-out, read our Cookie Policy. After three unsuccessful trials, for your security, your access has to be interrupted for 10 minutes. Do you have a blog? David is operating under the hope that by cooperating, he can work out a favorable deal. Owner Vivek Ranadiv said, "I am excited to bring his extensive experience and vision onboard to lead our basketball operations department. Dec. 2018: David pleads guilty Jabour made his NBA debut as Daryl Moreys first scouting/personnel hire with the Houston Rockets in 2006. Amidst the discussion around who the Sacramento Kings draft with the No. Suns-Mavericks, 1 p.m. (ABC) 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! Three takeaways from Kings 123-117 win against Thunder, Three takeaways from Kings 124-115 win over Oklahoma City Thunder, Kings waive KZ Okpala, sign PJ Dozier for the rest of the season, 5 takeaways from the Kings beating the Clippers in the second-highest scoring NBA game ever, 3 takeaways from Sacramentos 133-116 win over the Portland Trail Blazers. 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. Watch our How-To Videos to Become a Stathead, Subscribe to Stathead and get access to more data than you can imagine. These three executives join Chief Strategy Officer Joe Dumars, Assistant General Manager Ken Catanella, Vice President of Athlete Health and Performance Teena Murray and Vice President of Kings. David and his legal team had hoped for a sentence not much longer than two years, but Shubb hands down a term of seven. One executive in the finance department of an NBA team says, "We invoice everything -- even signed contracts. SACRAMENTO (CBS13) Former Sacramento Kings executives say they are shocked that the organization is charging the state $500,000 a month to rent the shuttered Sleep Train Arena to be used as a. Join to view profile Sacramento Kings. They state that a lengthy sentence would be an act of vengeance with no practical purpose. A week after signing the initial monthly rental agreement, with a $2 million maximum, the state signed an amended agreement which increased the maximum payment to $3 million to cover the cost of paying staff wages in addition to utilities. "Let's close some phone numbers" in David-speak meant he wanted the Kings' sales team to craft some seven-digit sponsorship agreements.