The Heat have fired a team executive who is under an FBI investigation into a suspected money-laundering scheme, Ira Winderman of the South Florida Sun Sentinel reports. Jeffrey R. David was hired in July as chief revenue officer for The Heat Group after a similar role with the Kings. He had been placed on administrative leave before Miami decided to let him go. David is suspected of diverting $13.4MM in funds from two of the Sacramento franchise’s top sponsors and using it to purchase beachfront property in Southern California.
- The lack of talent on the Heat roster makes it unlikely that Erik Spoelstra will be on the hot seat during the upcoming season, Winderman opines in his latest mailbag post. Miami is not expected to contend in the Eastern Conference and Spoelstra may have to do his best coaching job just to get the Heat into the upper half of the playoff race, Winderman adds.