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

Women’s basketball teams will be paid for playing games in the NCAA Tournament starting this year, something that men’s teams have benefitted from for years.

This was the final step toward a pay structure for women playing in March Madness after the Division I Board of Governors voted unanimously for the proposal in August. NCAA President Charlie Baker joined others in giving credit for the creation of a performance fund to those who came before and helped build women’s basketball.

The NCAA will allow women's basketball teams to begin earning revenue shares for their conferences from their performance in the NCAA Tournament.

A new plan unanimously adopted by NCAA members will pay women's college basketball teams playing in the March Madness tournament.