The landscape of college athletics may never be the same.
U.S. Judge Claudia Wilken approved the final proposal for a near $2.8 billion antitrust settlement Friday, resolving the House vs. NCAA, Carter vs. NCAA and Hubbard vs. NCAA cases. The resolution involving these three cases became known as the House settlement.
The landmark settlement brings forth a new era of college athletics as schools can share up to $20.5 million of revenue with athletes throughout the next year — starting July 1 — and $2.8 billion in back payments will be granted to Division I athletes who competed between June 15, 2016, and Sept. 15, 2024.
The $20.5 million cap will increase by at least 4% each year during the 10-year agreement, and the $2.8 billion of back damages will be paid by the NCAA in $280 million installments over that span.
Mizzou athletic director Laird Veatch broke his silence on the groundbreaking decision in a statement released Sunday, claiming the decision marks the start of a “bold new chapter” for college sports.
“Our Mizzou Athletics staff has spent the past year preparing for this outcome, and while we recognize the operational shifts this requires, we are approaching the new era with a sense of purpose and optimism,” Veatch said in a letter obtained by the Missourian.
Veatch announced Nov. 1 that the department planned to fully embrace revenue sharing, reallocating expenses into high-impact items and exploring opportunities that have the ability to generate revenue.
The department also raised ticket prices for football and men’s basketball for the upcoming seasons, with the former seeing estimated admission fees and minimum donations to the athletic department up at least 50% for almost all available seats.
Veatch claimed Sunday that these adjustments have allowed Mizzou Athletics to remain devoted to revenue sharing, committing to the full $20.5 million pool that will be distributed to student-athletes throughout the 2025-26 season.
“This new model allows us to provide even greater opportunities for our student-athletes to benefit financially,” Veatch said. “By participating in revenue sharing at the highest level to maintain our competitive advantages, student-athletes around the country will know that Mizzou welcomes this evolution. Our commitment includes more than 60 new scholarships totaling approximately $3 million for next year.”
Also included in the settlement is that all third-party name, image and likeness deals from DI athletes of at least $600 must be reported and approved by the Deloitte clearinghouse through a platform called NIL Go, which launches Wednesday.
“We will be asking the Mizzou business community to embrace these opportunities and will provide more information in the near future,” Veatch said.
Veatch closed his letter by emphasizing the importance of the House settlement to the future of Mizzou Athletics and that the department remains focused on success.
Mizzou saw its football team finish the 2024 season with a 10-3 overall record and a 27-24 bowl win over Iowa on Dec. 30. The men’s basketball team bounced back from a campaign of winless conference play to finish 22-12 overall and 10-8 in the Southeastern Conference in the 2024-25 season, nabbing a No. 6 seed in the NCAA Tournament.
The gymnastics squad earned its best finish in program history in the 2025 season, securing third place in the NCAA Gymnastics Championships, while the volleyball team earned its fifth Sweet 16 appearance in program history.
With the successes of these programs, there were also some that struggled to find their footing.
Baseball finished its 2025 season with 16-39 overall and 3-27 SEC record. The Tigers’ league record was the worst SEC record since the league moved to a 30-game slate in 1996.
The women’s basketball team ended its 2024-25 season with a 14-18 overall and 3-13 conference record, placing 13th in the SEC. The hiring of coach Kellie Harper on March 18 signaled a step toward a brighter future of the program.
Softball struggled to build momentum, finishing its 2025 campaign with a 25-31 overall and 8-16 league record after landing at No. 15 in the USASoftball Preseason Top 25.
Speaking about baseball during the department’s ‘Zou to You’ tour April 29 in St. Charles, Veatch explained that Mizzou Athletics had not invested what it needed to into the program.
With the House settlement bringing forth revenue sharing, Mizzou Athletics has the opportunity to invest some of the $20.5 million pool into these non-revenue sports. That reality may be unlikely, with some projections estimating that 75% of the funds will go toward football.
“Understand that our focus remains firmly on seizing this opportunity to advance Mizzou’s mission and compete for championships driven by our collective ‘Will to Win.'” Veatch said. “Everyone wants to win. But we must all have a true ‘will’ to win, where we are laser focused on winning championships, hanging banners and creating incredible lifelong memories.”