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“That’s the part I hope, that someday down the road, we all will have someone say about us that they sit on the shoulders of the work that we did,” Baker said.

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“This continues our fight to lift women’s basketball to historic levels,” Staley said. “I appreciate the decision by theKaplan Hecker and Finklaw firm to include the lack of units in their report as a key issue holding women’s basketball back from capitalizing on the historic viewership and quality of the product on the court.”

steelcast limited (513517) stock rallies ✌️【Stock Picks】✌️ Real-time India stock and global stock indices, futures prices, and data to help you make efficient investment decisions. So-called performance units, which represent revenue, will be given to women’s teams playing in the tournament starting this year, the event’s 43rd edition. A team that reaches the Final Four could bring its conference roughly $1.26 million over the next three years in financial performance rewards.

In the first year, $15 million will be awarded to teams out of the fund, which is 26% of the women’s basketball media revenue deal. That will grow to $25 million, or 41% of the revenue, by 2028. The 26% is on par with what men’s basketball teams received the first year the performance units program was established.

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“The long awaited, hard fought for and well-earned day is here,” Banghart said. “I am so grateful for the effort of so many to bring this reality to our sport. Women’s basketball is more popular than ever before, seats are filled, arenas are sold out, and games are on national TV almost every night.”

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“It’s great women’s basketball is getting the long-deserved financial reward for NCAA postseason success,” Louisville coach Jeff Walz said.

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Vanderbilt coach Shea Ralphwon a national title playing at UConn and helped the Huskies win six more championships as an assistant coach. She ended Vanderbilt’s NCAA Tournament drought last year and called Wednesday’s vote a testament to “decades” of hard work.

Julie Roe Lach, commissioner of the Horizon League and a member of the Division I women’s basketball oversight committee, called the creation of the fund a “huge step” not just for women’s basketball but women’s sports in general toward the goal of gender equity.

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“Like the men’s basketball fund, the women’s basketball funds are unrestricted, meaning conferences and institutions can choose how we want to invest these extra dollars,” said Lach, who noted the Horizon League has policies ready to reward programs for strong schedules, performance and postseason success.

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It outdrew the men’s championship game —UConn winning its second consecutive titlewith a victory over Purdue — by nearly 3 million viewers. The women’s tournament also hadrecord attendance.

In another milestone, the Division I approved a championship for women’s wrestling. Divisions II and III will vote on adding it in the coming days. … SEC Commissioner Greg Sankey said any changes to the College Football Playoff would need unanimous approval. The change most likely to be considered right away would be a shift in the seeding. The top four seeds in this year’s tournament all received byes and all lost their first games. … Discussions about new rules that would give athletes five years to complete five years of eligibility continue. DI council chair Josh Whitman, the AD at Illinois, said “one of the attractive elements of, whether it’s a 5-for-5, or whatever it may end up being, is maybe we can create something that’s simpler, it’s cleaner, it’s easier to understand.”

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