The CFP money is cake, but the new NBC deal combined with ND's cut of ACC money is the feather in ND's football independence cap. The CFP deal was good business for structurally preserving independence.
I always thought the reporting on Stanford was incomplete. Consider that Stanford's reported revenues place it well outside the top 25––operating at a loss––yet only Michigan (29) and Ohio State (35) come anywhere close to offering the number of varsity sports as does Stanford. Most of the high-earning departments sponsor between 19-21 varsity sports.
I wonder if, in a strange way, football and Title IX end up being sufficient to save many potentially at-risk programs. I think it will be hard for departments to offset for football and still cut the number of sponsored sports substantially while staying compliant with Title IX.
The department went through staff reductions during COVID, but, after a glance at the athletics department directory, I think they've actually surpassed the number of pre-COVID staff. Notre Dame doesn't do anything off the cuff, so I imagine all department growth has taken place with an eye to the likely future of paying players as employees or engaging in revenue sharing. So far as the changes to the business side at IU go, Notre Dame has been playing that game for decades.
I suspect the House settlement will have limited impact on Notre Dame.