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.

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

Beginning with the 2025 NCAA Tournament, women’s college basketball will finally receive financial “units,” just as the men’s teams have for years. Units are multi-million dollar payments the NCAA awards to conferences based on the number of games a given team plays in the March Madness tournament.

Women’s basketball teams finally will be paid for playing games in the NCAA Tournament each March just like the men have for years under a plan approved Wednesday 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 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.