Olivia Dunne, one of the best -followed collegial athletes on social media, testified against NCAA’s house for $ 2.8 billion in the last hearing Monday.
Dunne was one of four college athletes testing against the settlement. The LSU gymnast expressed his objections to the formula used to set the name, image and equality (zero) the value of an athlete. She insisted that her zero -stimulation was too low.
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Olivia Dunne from LSU Tigers looks at before a meeting against Florida Gators at Stephen C. O’Connell Center on February 23, 2024 in Gainesville, Florida. (James Gilbert/Getty Images)
She described herself as “a division I-athlete, a business woman, and I have been the highest earning female athlete since the Nil rules changed.” She said the settlement did not recognize her true value.
“This settlement uses old logic to calculate modern value,” Dunne said. “It takes a narrow snapshot of a still matured market and freezes it, ignoring the track we were on and the offers we lost and the future we could have had.”
A plaintiff’s lawyer later said the gymnast would receive an updated allocation.
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NCAA -President Charlie Baker speaks during the organization’s division in business session on their annual convention on Wednesday, January 15, 2025 in Nashville, Tennessee. (AP Photo/George Walker IV, file)
The house’s 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 college athletes to use zero. Payments from external sources would still be allowed.
Nola.com noted that the settlement would offer more than $ 2.5 billion to athletes who couldn’t make zero money until NCAA changed its rules in 2021.
The settlement also called for a clearing house to ensure that any zero agreement worth more than $ 600 is tied to fair value in an attempt to avert suspected payment-for-play offering.
On Monday, US district judge Claudia Wilken gave no evidence that the complaints changed their minds about the settlement. She recognized the concerns and asked each lawyer for fresh feedback on more topics. Her decision is expected to come in a few weeks.
“Basically, I think it’s a good solution, don’t quote me, and I think it’s worth pursuing,” Wilken said. “I think some of these things could be corrected if people tried to fix them and that it would be worth their time to try to fix them.”
Wilken has already awarded a preliminary approval of the settlement involving NCAA and its largest conferences. It is set to take effect on July 1st.
The NCAA logo on the input sign outside the NCAA headquarters on February 28, 2023 in Indianapolis. (Mitchell Layton/Getty Images)
“Today’s hearing on the landmarked settlement was a significant step in modernizing college sports,” NCAA said in a statement. “If approved, the settlement will give student athletes the opportunity to receive almost 50% of the revenue for athletic department in a sustainable and fair system in the coming years.”
