Let’s skip the small talk.

Welcome back to another busy week in the sports business world. We hope you had a great Thanksgiving and enjoyed some football with the family. Beyond the holiday, the big news was the release of the vaunted Forbes 30 Under 30 list—especially the Sports category, which features a strong lineup of rising athletes.

A few months ago, I had the chance to meet and interview Randall Lane, Forbes’ CCO and the creator of the 30 Under 30 list, about a horse-racing league he launched as a passion project.

Randall and I reconnecting at the Haymaker Media Summit NYC 2025. Read my story about his horse racing league here!

Along with the Forbes list, we’ve got plenty more for you this week—from top headlines to an exclusive feature, plus an awesome athlete contribution from A&A Community member and Nuggets STARTER Spencer Keith Jones.

So grab some Thanksgiving leftovers and enjoy this week’s Backstage. - LZ

LINEUP
1. Headlines of the week 🗞️
2. A&A EXCLUSIVE: The Athlete Building the Year-Round Home for Olympic Sports 🤽
3. Three Messages, That’s It 🗣️
4. Athlete’s Perspective Ft. Spencer Keith Jones 🏀
5. Company of the Week: Equip 🥩

NEWS

🚨Headlines of the Week🚨

1. 30 Under 30 Sports 2026: Meet The Athletes And Executives Changing The Game

  1. Moses Moody Joins Starship Ventures as a Venture Partner

  2. Adidas Signs Jeff Teague's Club 520 Podcast to a Sneaker Deal

  3. Cristiano Ronaldo’s FOOTLAB to open US esports-football hub

  4. Jaylen Brown details why NBA athletes lose all their wealth

MOST VALUABLE PLATFORM

Three Messages Max

What’s up squad, Noah here. Tons of activity right now but we’ve intentionally simplified our messaging system to have a three chat limit. Less texting, more meetings.

Secondly, to the community…

We appreciate you all, but please ask for double-opt in before company or athlete introductions. Thank you for your attention to this matter.

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ATHLETE INSIGHT

Business and Basketball With Nuggets Breakout Star Spencer Keith Jones

This week, we’ve got a special treat: a quick business-and-basketball Q&A with the newest Nuggets starter and breakout star, Spencer Keith Jones. If you’ve been with us for a while, you already know Spencer is a core part of the A&A community. And if you’re an NBA fan, you probably caught hisfollowing it up with a 28-piece W last week. We checked in with Spencer about how he’s feeling after his first NBA start and which industries have been catching his eye as he balls out on the court.

LZ: What’s an industry you’ve been keeping your eye on lately and why? 

Spencer Keith Jones: An industry I’ve been following lately is neurotech. I got pulled into it through the sleep space because I needed something that didn’t just track my sleep but could actually influence it. I started working with Somni during the offseason to help manage the travel grind and stay on top of my recovery, especially as my minutes increased. That opened the door for me. I went from focusing only on sleep to thinking about how to maximize focus, attention, and the mental side of performance. At this level, the margins are so small that the mental edge becomes the real separator.

That curiosity led me to visit Kernel, where I went through a full assessment on my brain age and cognitive capacities. Seeing that data in real time made me realize how much room there is for athletes to use this kind of insight. A company like Kernel can help you understand how your brain responds under fatigue, how quickly you process information, and how stress or workload might affect your decision-making.

And the more I’ve learned, the more I feel like neurotech is going to matter far beyond sports. People are starting to care about their cognitive health the same way they care about physical fitness. Better sleep, sharper focus, stress management and overall brain longevity are becoming everyday priorities. 

LZ: What was it like starting your first NBA game? 

Spencer Keith Jones:  Starting my first NBA game was really a testament to always being ready. It actually aligns with a lot of my interests in the health and wellness space, and even the neurotech space. I’ve always prioritized looking at companies and tools that help me stay ready because in this league, things can change in an instant.

I didn’t find out I was starting until about an hour before our walkthrough. I knew there was a chance because two of our starters went down with injuries, but nothing was confirmed until right before. They chose me because they felt I was the best fit with that lineup. And it’s crazy to think about how fast things shifted. I went from playing spot minutes to suddenly being out there with a team that has won a championship, is one of the best teams in the West, and has All-Stars and MVPs on the floor. You go from watching those guys to figuring out how you’re going to fit next to them.

It was a wild moment. Staying ready is everything, and so much of that comes down to keeping your health and wellness where it needs to be. This league is full of injuries, and those injuries create opportunities. That’s really what I’m taking advantage of right now.

I’ll never forget hearing my name called in the starting lineup, standing there under the lights next to some of the best players on earth. It’s nerve-racking and surreal at the same time. But once the ball goes up, you settle in. You trust your preparation and you play. And since that night, I’ve gotten better with every game and created more opportunities for myself because of it.

A&A EXCLUSIVE

No More Shallow Coverage…

Meet the Athlete Building the Year-Round Home of Olympic Sports

For years, NFL and NBA fans have dominated the spotlight, while supporters of so-called “non-revenue” sports have largely been left on the sidelines.

Kevin McReynolds, founder and CEO of Overnght, saw that gap up close as a DI football player at UCLA and Nevada. His friends in Olympic sports constantly struggled just to find a stream of their own events.

“I had conversations with athletes like Kami Craig and Sami Hill—who have multiple Olympic medals—where they expressed frustration about this,” McReynolds recalls.

Inspired, he decided to build a solution himself. “I was originally working on building Snapchat for live sports,” McReynolds says. “But when I couldn’t get media rights to football and basketball, people started suggesting going after Olympic sports. And they were absolutely right.”

Over the past three years, he dove in headfirst, scooping up media rights to overlooked but deeply passionate—and often affluent—sports like rowing and water polo. That effort transformed Overnght into a seven-figure, subscription-based streaming home for year-round Olympic sports.

His first major partner was USA Water Polo, where he was immediately thrown into the deep end. “Every little thing went wrong the first time, but we did one thing well,” he recalls. “We had the best picture quality the sport has ever had.” Once that hurdle was cleared, McReynolds knew the rest would follow. Soon after, the Mountain Pacific Sports Federation (MPSF) became the first conference to sign a deal with the newly established Overnght.

Overnght operates on a subscription model, offering an $11.99 monthly plan and a $105 annual option. It has already generated seven figures in revenue, though much of that is reinvested into media rights fees.

“For the longest time, these sports have had a Kodak mindset,” McReynolds says. “Offer it for free so more people get exposed.” He sees that approach differently. To him, that’s how businesses shoot themselves in the foot.

“If Olympic sports don’t move toward a monetization model that reduces year-end losses, they won’t be sustainable,” he says. “The money that supports football and basketball has to come from somewhere, and if a sport isn’t generating—or at least offsetting—its expenses, it becomes a real challenge.”

He believes Overnght’s rapid growth comes from finding new ways to help sports, schools, and organizations monetize in different ways.

Long term, McReynolds wants to build the go-to platform for all Olympic sports.

“Olympic sports fans typically watch their own sport, but they’re also willing to try others. That’s the key difference,” he says. “When you look at this landscape, you want to build places that focus on community. That’s what we’re aiming to do—bring everything together in one place.”

Instagram post

🔥My Hot Take🔥

Ft. Kevin’s Endorsement of a Sport You Might Not Watch Yet

The loudest sports get attention. The quietest ones breed opportunity.

Just because a sport isn’t on every bar TV doesn’t mean it’s not worth watching—or that passionate fans aren’t already tuning in from around the world. Water polo and rowing are perfect examples: sports with rich traditions, incredible athletes, and global followings, even if they rarely get mainstream airtime. So I asked Kevin which Olympic sport he thinks people should pay more attention to and why.

LZ: And then my last question is, what's one sport that you guys have that you think people should get into? And why?

Kevin McReynolds:

Oh, honestly, I gotta go back to water polo and rowing here, right? Like, water polo—these men and women are gladiators in the pool. You're talking about a sport where you’re trying to score a goal while someone is hanging off of you, trying to drown you, essentially. It’s such a fascinating sport, and I wish more people would see it. We’re investing in that to increase viewership, as we’ve done since we’ve been in the sport.

I think, on the other side, rowing is one of the true, most fascinating sports in the United States—I’d say in the world in general, right? It’s the ultimate team sport: getting everyone in a boat, rowing in the same direction at the same time, and if any one of those things falls out of sync, the boat immediately stops.

I go back to last year—we had the IRA Championship, the Intercollegiate Rowing Association Championship, and Cal was in it. In the semifinal, Harvard was making a move, and they caught a crab. Essentially, a crab is when the oar gets stuck underwater and stops the boat immediately, and Cal was favored to win a national championship all year, right? For something like that to happen, I think it’s just a testament to the repetition, the grit, and the mindset these athletes have—this idea of one sound, one movement. That repetition and focus on doing the same thing over and over again without any issues are incredible. And the amount of stamina it takes to do that is incredible.

COMPANY OF THE WEEK

Equip

As our beloved Casey Toohill spoke about a few weeks ago, protein is the name of the game right now. At the same time, everyone is desperate to find sources of it that aren’t loaded up with microplastics and unpronounceable chemicals.

Equip has you covered.

Me posing with my newly delivered bag of Equip Prime Protein ft. my non-functional Mets clock given to me by one of my Taekwondo students.

Equip is on a mission to create the cleanest grass-fed beef protein powders and bars on the market, making everyday wellness simple, functional, and rooted in high-quality ingredients you can trust. They recently sent me a press package with their chocolate-flavored beef protein powder, and I have to say—it reminded me why I once thought chocolate milk came from brown cows.

Click here to learn more about Equip and get your body in shape before winter vacations.

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