The move brings a level of parity with the men’s tournament and adds an incentive for schools to invest in their programs to an even greater extent.

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.

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. The unanimous vote by NCAA membership was met by a round of applause both inside the ballroom and around the sport.

In a historic vote Wednesday at the NCAA convention in Nashville, the organization approved a plan to pay women's basketball teams for making the NCAA Tournament. Men's basketball teams have been reaping the benefits of the same revenue sharing plan for many years.

Power 4 schools’ proposals could push championship control away from the NCAA, while association president Charlie Baker continues to push for more teams in the men’s and women’s basketball fields.

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