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Heat part with executive under investigation

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Jeffrey David is alleged to have committed a money-laundering scheme while he worked for the Sacramento Kings.

Philadelphia 76ers v Miami Heat - Game Four Photo by Mark Brown/Getty Images

The Miami Heat put executive Jeffrey David on leave after the Sacramento Bee reported that federal officials were investigating whether David stole $13 million from two Sacramento Kings team sponsors while he worked for the Kings.

Now, the Heat have seen enough. The South Florida Sun-Sentinel’s Ira Winderman reported today that David is no longer a Heat employee.

Winderman said that a team spokesperson confirmed the departure. Miami will need to find a new chief revenue officer now.