Groundbreaking way American teen Olivia Dunne will make $1 million

Following a “long overdue” move from the NCAA, American gymnast Olivia Dunne is poised to become a millionaire in the very near future.

American gymnast Olivia Dunne’s bank account is about to blow up.

After the National Collegiate Athletic Association (NCAA) in the US amended its regulations in a historic move last month, NCAA athletes in Louisiana are now permitted to make money from endorsements and a variety of other ventures.

NCAA athletes are no longer prohibited from selling the rights to their names, images, and likenesses, but schools are still barred from paying players directly.

Student athletes will be able to make a profit by monetising social media accounts, starting their own businesses, and participating in advertising campaigns, among many other potential ventures.

WME Sports announced this week it had signed gymnast Dunne, one of the sport’s most influential athletes.

The 18-year-old from New Jersey was previously a member of the USA national gymnastics team and now competes in the NCAA for Louisiana State University.

“She’s an incredible gymnast, a beautiful girl and a wonderful personality that comes across in her social media posts,” former LSU gymnastics coach D-D Breaux said.

“She’s just a fabulous young woman. I could see her signing endorsements with a clothing line or a cereal company or anything. There are lots of great gymnasts, but it’s her personality on social media that sets her apart.”

She stands to make more NIL cash over the next few years than any college athlete.

We're talk'n seven figures. https://t.co/QFIltzu8cK

— Ross Dellenger (@RossDellenger) August 19, 2021

And so it begins…so grateful💜 @[e-mail]/peMl3ypcon

— Olivia Dunne (@livvydunne) July 1, 2021

Dunne began gymnastics at three years old and has competed at the U.S. Classic, WOGA Classic, American Classic, National Championships, City of Jesolo Trophy, Nastia Liukin Cup, and NCAA.

She joined the social media platform TikTok in 2020 and has quickly become one of the most followed NCAA athletes in the country.

The collegiate athlete has 3.9 million followers on TikTok where she posts gymnastic, dance, lip-synch and challenge videos. On Instagram, she has a further 1.1 million followers on her profile with upwards of 300,000 likes on her posts.

Newsweek predicted that she could quickly make a million dollars from endorsement deals in the very near future.

Once the new regulations were announced, Dunne posted to Twitter: “NIL rules change tomorrow … let’s get to work.”

Entertainment lawyer Roy Maughan Jr. believes Dunne could potentially earn millions from the signing.

“I know of a college football player from a small school who just signed for $2.4 million. It could happen,” he told The Daily Advertiser.

“Her reach as an athlete is what is impressive — five million on social media. The fact that she has that following, she can touch a lot of people. She could endorse sports drinks, gymnastics wear, other clothes.”

Cincinnati Bengals quarterback Joey Burrow tweeted last month: “Exciting time for college athletes. Most excited for non-scholarship athletes who may have been working jobs outside of sports to make ends meet. Free meals, sponsored posts, signings will make their lives a lot easier. Long overdue.”

– with The Sun