Division I men’s basketball teams will be able to play two exhibitions against any other four-year schools without needing a waiver that required game proceeds be donated to charity under a change approved at the NCAA convention.

In a move to help close the pay gap between men and women in college sports, the NCAA will now pay Division I women's basketball teams who play in March Madness games starting this year.

The organization approved “performance units” for women’s teams participating in March Madness after years of only paying men’s programs.

The NCAA announced Wednesday that it has created a $15 million women's basketball fund to reward conferences for their teams making and advancing in the