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March Madness will pay women's teams under a new structure approved by the NCAA

FILE - A person spins a basketball on their finger during South Carolina's practice for the NCAA Women's Final Four championship basketball game Saturday, April 6, 2024, in Cleveland. (AP Photo/Carolyn Kaster, File)

UConn's Paige Bueckers (5) signs autographs after an NCAA women's college basketball game against St. John's, Wednesday, Jan. 15, 2025, in New York. (AP Photo/Frank Franklin II)

FILE - Iowa guard Caitlin Clark (22) reacts during the fourth quarter against LSU during the NCAA tournament, Monday, April 1, 2024, in Albany, N.Y. (AP Photo/Mary Altaffer, File)

FILE - A logo is seen on a basketball during a practice session for a college basketball game in the final round of the Women's Final Four NCAA tournament Saturday, April 2, 2022, in Minneapolis. (AP Photo/Charlie Neibergall, File)

NCAA President Charlie Baker speaks during the organizations Division I Business Session at their annual convention Wednesday, Jan. 15, 2025, in Nashville, Tenn. (AP Photo/George Walker IV)

An NCAA delegate holds a voting machine during the organizations Division I Business Session at their annual convention Wednesday, Jan. 15, 2025, in Nashville, Tenn. (AP Photo/George Walker IV)

Delegates gather for a meeting of the Division I Business Session at the NCAA annual convention Wednesday, Jan. 15, 2025, in Nashville, Tenn. (AP Photo/George Walker IV)

Horizon League Commissioner Julie Roe Lach speaks during the organizations NCAA Division I Business Session at the organization's annual convention Wednesday, Jan. 15, 2025, in Nashville, Tenn. (AP Photo/George Walker IV)