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.

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.

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