Olivia Dunne testifies against $2.8B NCAA settlement

Olivia Dunne one of the most-followed collegiate athletes on social media testified against the NCAA s 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 CLICK HERE FOR MORE SPORTS COVERAGE ON FOXNEWS COMShe described herself as a Division I athlete a businesswoman and I've been the highest-earning female athlete since the NIL rules changed She stated the settlement failed to acknowledge her true value This settlement uses old logic to calculate modern value Dunne commented It takes a narrow snapshot of a still maturing sector 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 disclosed that the gymnast would receive an updated allocation FLORIDA WINS NCAA TOURNAMENT OVER HOUSTON AFTER ERASING -POINT DEFICIT IN THRILLING FASHIONThe House settlement named after Arizona State swimmer Grant House will allow schools to pay of their revenue from media rights ticket sales and sponsorships directly to college athletes for the use of NIL Payments from outside sources would still be allowed NOLA com noted that the settlement would offer more than billion to athletes who could not earn NIL money before the NCAA changed its rules in The statement also noted that majority of the damages would be paid out to former football and men s basketball players of power-conference schools because their sports create the majority of revenue The settlement also called for a clearinghouse to make sure any NIL deal worth more than is pegged at fair realm value in an attempt to thwart supposed pay-for-play deals On Monday U S District Judge Claudia Wilken gave no indication that the complaints changed her mind about the settlement She acknowledged the concerns and required each attorney for fresh feedback on several topics Her decision is expected to come in a limited weeks Basically I think it is a good settlement don t quote me and I think it s worth pursuing Wilken explained I think selected of these things could be fixed if people tried to fix them and that it would be worth their while to try to fix them Wilken has already granted preliminary approval of the settlement involving the NCAA and its largest conferences It is set to take effect on July In contemporary times s hearing on the landmark settlement was a important step in modernizing college sports the NCAA explained in a report If approved the settlement will allow student-athletes the opportunity to receive nearly of athletic department revenue in a sustainable and fair system for years to come The Associated Press contributed to this account Follow Fox News Digital s sports coverage on X and subscribe to the Fox News Sports Huddle newsletter