Sacramento Kings: How NBA Executive Jeff David Stole 13 Million Dollars

In August of 2015, the Kings also agreed to a 10-year, $28 million sponsorship deal for their new training facility with Oakland-based nonprofit health care provider Kaiser Permanente, per source.

Deals like this often have “escalators,” an excess amount paid each year to account for inflation or increased operating costs — akin to a cost-of-living adjustment, but David told the Kings this deal did not have one, per source.

Claiming that the expenses were piling up as the Kings were under construction at their new arena, David requested Kaiser to add an additional $4.4 million upfront payment in lieu of an escalator.

Kaiser granted the request.