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

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

Now, so-called performance units, which represent revenue, will be given to women's teams playing in the tournament. A women’s basketball team that reaches the Final Four could bring its conference roughly $1.26 million over the next three years in financial performance rewards.

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Examining Michigan State basketball's NCAA tournament résumé for March Madness through the first quarter of the Big Ten regular-season schedule.

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

Women’s basketball teams 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

NCAA members unanimously voted to introduce financial rewards — as it has for years with the men's tournament — starting this spring.