Now, in the wee hours of Wednesday morning, Wegzyn's husband, Mark, found her sitting at her kitchen table, hunched over her laptop. 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. "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. When asked to recall the last time he spoke with someone from the Kings, though, he neglects to mention the call with Wegzyn on Monday. 2020 CBS Broadcasting Inc. All Rights Reserved. Description Operator of a professional basketball team. Could this trade come down to the wire a la Jimmy Butlers exit from Chicago to Minnesota? Her bank accounts had been frozen. I'll tell you that," Peterson said. There was nothing aesthetically unique about the Lexus Lounge. 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. The Sacramento Bee's Jason Anderson dove into the Kings' perspective further. "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. 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. 4 on Thursday's NBA Draft, making a huge pivot than what was expected of them. For several more hours, Rich tries to pierce Jeff's logic, while Nancy reassures the family that Jeff is redeemable. [16], List of National Basketball Association team presidents. We're going through an audit, and I'd like to see if you can send me a list of all payments made to my organization over the last five years.". He spent the 2015-16 NBA season stealing more money than most Kings players earned on the court. Nancy speaks with a measured empathy about a man whose adult life she admires. Before leaving the office that day, Wegzyn had asked John Rinehart, the team's president of business operations, and Gerri Guzman, the team's director of finance, whether they were aware of SSP. 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. CFOs swap accounts of stress-testing their team's internal checks and balances to protect against potential fraud. "Giving back to the community, that was always emphasized in my experience there," Stone said. "We're partners. Subscribe to Stathead Basketball: Get your first month FREEYour All-Access Ticket to the Basketball Reference Database. I'll call them tomorrow. Rich and Nancy become incredulous. After acquiring Domantas Sabonis, Sacramento has made it clear the goal is to end the franchises playoff drought rival teams are keeping an eye on Sacramento to trade this pick. The Kings, by contrast, are struggling to convince rival teams that . Per team policy, terms of the agreements were not disclosed. "It seems to come down to around 20- or $25,000 a month," Stone said. While attending college, McNair was a wide receiver on the football team. He won't see the children at all for the next several years. [5] From 2006 to 2007, he was a sports programmer and researcher at STATS LLC. Kate is inconsolable.NBA RooksFollow Zion, Ja, RJ, De'Andre, Coby and more top rooks as they balance basketball and life during an exciting NBA season. Then Sacramento's vice president of corporate . Select the fourth team from the drop down menu. SACRAMENTO, Calif. A former executive with the Sacramento Kings has been sentenced to seven years in prison for stealing millions of dollars from the NBA team, according to the U.S.. He planned to rent these investment properties, but in the meantime, his young family could bask in the warm glow of one of L.A.'s most appealing coastal towns. We asked how much they think the Kings should be charging under these circumstances. Copyright 2000-2023 Sports Reference LLC. Sacramento Kings Executives Location: Sacramento, California Team Names: Sacramento Kings, Kansas City Kings, Kansas City-Omaha Kings, Cincinnati Royals, Rochester Royals Seasons: 75; 1948-49 to 2022-23 Record: 2689-3212, .456 W-L% Playoff Appearances: 29 Championships: 1 Sacramento Kings Franchise Index Year-by-Year Stats Basic Stats Team Stats Select the players you wish to trade from the rosters below. With David no longer present to service the Golden 1 account or run interference, the fraud would be nearly impossible to manage. 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. 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! "He'd open meetings with 'It's Money Monday!' January 24, 2022 12:01am A Sacramento Kings executive was fined by the NBA for in-game actions, raising a complicated legal question. Select the third team from the drop down menu. Motivated by such prospects, he'd set up a private entity -- Sacramento Sports Partners. But unbeknownst to the higher-ups, he kept negotiating. Our reasoning for presenting offensive logos. 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. "I've got something really crazy going on at work," she said. 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. A spokesperson noted that CBS13 has covered many of their efforts to give back and pointed to several examples of our own coverage ranging from a story about joint effort with the 49ers to donate face coverings for health care providers, to a story about donations of food and money from the Kings players themselves. The team's star, DeMarcus Cousins, earned $17 million. 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. Only the executives in charge of player personnel Knicks-Celtics, 7:30 p.m. 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. Blake knew that Quick's contract, the huge 10-year deal he signed after winning the Conn Smythe Trophy in 2012, didn't have a no-trade clause in it. They are members of the Pacific Division of the Western Conference in the National Basketball Association (NBA). tenants renting space in the building or revenue from the parking lots) as a result of the surge hospital.". The longer Jeff believes the inquiry is about the title company, the more likely it is that Sommercamp can extract the details he wants. ", "Theagreement has also enabled over 100 part-time Kings team members (i.e. 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. Gambling problem? When it came time to bill the buyer, David used the Kings' standard invoice template but had Van Wagner make three payments, totaling about $30,000, to SSP. 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. Join us for a March Madness Webinar on Tuesday, March 7 at 8pm ET. They say there was a consensus that the monthly expenses for the arena were far less than what the Kings are charging the state. When asked for the motivation behind the theft, David, years later, gives no unified theory. But it did ultimately prove useful. When Jeff had moved $250,000 of the family's savings into Sacramento Sports Partners, he told Kate the money was for a real estate fund with other investors. According to Marc Stein on The Stein Line, while the Sacramento Kings recently have proclaimed their intent to build around De'Aaron Fox and Tyrese Haliburton, there's a 'sense among some rival executives' that Fox is actually still 'gettable' in trade discussions. [15] The cash went straight to David without the Kings knowing it existed. The Sacramento Kings are having a rough go with clock operators this week. The reasons for their failure may have been inherent to the whole project. "The Greatest Show on Court," none of us would And it was cold. Please also read our Privacy Notice and Terms of Use, which became effective December 20, 2019. 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. Select the first team from the drop down menu. 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. (3/13/20), First published on May 7, 2020 / 10:58 PM. 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. He had launched the first in a series of grifts that would grow from thousands to millions of dollars. Why did Jeff David steal $13.4M from the Kings? David offers a broad outline of the Golden 1 and Kaiser Permanente schemes. He was gregarious, fond of "hugging it out," able to laugh at himself when less extroverted spirits made light of that exuberance. How do you repay money to a team that doesn't know anything has been stolen? / CBS Sacramento. She was careful not to reveal her intention, not wanting to alarm either entity. Nearby, a shrine commemorated Ranadive's meetings with global celebrities. Find out the latest on your favorite NBA teams on CBSSports.com. For each of our 1,114,789 listed executives, discover their exact roles and their biographies. Wegzyn and the Kings brass realized it was time to escalate this homegrown investigation. A former Sacramento Kings executive was sentenced to seven years in federal prison Monday for embezzling more than $13 million from the NBA team. 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. His life is seemingly picture-perfect. 2011: Named Kings CRO Terms at draftkings.com/sportsbook. Later on, she found a $9 million deposit from Golden 1. Contact Information Website www.kings.com Formerly Known As Rochester Seagrams Ownership Status Acquired/Merged Matina Kolokotronis (born November 21, 1964) is Chief Operating Officer of the Sacramento Kings of the National Basketball Association. I'll tell them the whole story and show them where the money is. 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. 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. He strongly suspects he's the perpetrator of a felony. 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. "But any half-truth will be considered a lie. David breaks down during the testimonial from his mother-in-law, removing his glasses and burying his head in his hands. McNair grew up in Oak Park, California, and attended Oak Park High School. No alert, no explanation. 2012: Van Wagner fraud "It tells a better story.". Per team policy, terms of the deal were not . An inquisitive bean counter with the Kings could assume that any new signage in the arena must be part of a larger advertising buy. 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. If he knows that -- or senses it -- he doesn't let on. Stone was there for nine years and was Senior VP of Arena Services under the Maloofs. Matina Kolokotronis serves as the Chief Operating Officer (COO) of the Sacramento Kings. ", "Jeff is white-collar meets surfer dude, the consummate bro," says a former Kings co-worker on the business operations side. Do you have a sports website? The amount represented a relatively small sum for a franchise that would generate some $13 million in sponsorship revenue that season. Do you have a blog? IN JANUARY 2019, top business-operations executives from the NBA and its 30 franchises congregate in Miami for the league's annual sales and marketing meetings. Joelle Terry Senior Vice President, Communications Joelle Terry serves as the Senior Vice President, Communications of Sacramento Kings. His first opportunity came that year when Van Wagner, a New York-based sports marketing firm, placed a routine call to David. 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. 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.