Olivia Dunne testifies against $2.8B NCAA settlement

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Olivia Dunne, one of the most-followed collegiate athletes on social media, testified against the NCAA’s $2.8 billion House settlement in the final hearing on Monday.

Dunne was one of four college athletes who testified against the settlement. The LSU gymnast expressed her objections to the formula used to set name, image and likeness (NIL) value of an athlete. She insisted that her NIL estimation was too low.

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Olivia Dunne of the LSU Tigers looks on before a meet against the Florida Gators at the Stephen C. O'Connell Center on Feb. 23, 2024 in Gainesville, Florida. (James Gilbert/Getty Images)

She described herself as "a Division I athlete, a businesswoman, and I've been the highest-earning female athlete since the NIL rules changed." She said the settlement failed to acknowledge her true value.

"This settlement uses old logic to calculate modern value," Dunne said. "It takes a narrow snapshot of a still maturing market and freezes it, ignoring the trajectory we were on and the deals we lost and the future we could have had."

A plaintiffs’ attorney later said that the gymnast would receive an updated allocation.

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NCAA President Charlie Baker speaks during the organization's Division I Business Session at their annual convention on Wednesday, Jan. 15, 2025 in Nashville, Tennessee. (AP Photo/George Walker IV,File)

The House settlement, named after Arizona State swimmer Grant House, will allow schools to pay 22% of their revenue from media rights, ticket sales and sponsorships directly to