Finance
Women's NCAA Basketball Tournament Enters New Era with Financial Incentives
2025-03-22

For the first time in history, the women's NCAA basketball tournament is set to offer financial rewards beyond mere bragging rights and championship banners. Starting this year, teams advancing through the brackets will earn units based on their performance, translating into significant monetary benefits for their respective conferences. This marks a pivotal moment for gender equity in collegiate sports, as the system mirrors the one established for men's tournaments since 1991.

This groundbreaking decision comes after decades of advocacy and criticism regarding unequal treatment between male and female athletes. The new payment structure allocates $15 million across 132 units during the initial phase, ensuring that each participating team contributes directly to its conference’s revenue pool. If top-seeded UCLA reaches the finals, it would secure approximately $1.3 million for the Big Ten Conference over the next several years. By 2027, the total fund is expected to grow significantly, reaching $25 million annually.

The introduction of unit-based payments stems from long-standing efforts by advocates like Andrew Zimbalist, an economics professor at Smith College. His research highlighted disparities where men's teams earned substantial sums while women's contributions went unrecognized financially. For instance, between 1997 and 2018, men's teams from the Big Ten alone amassed roughly $340 million, whereas women's programs received nothing comparable despite drawing millions of viewers.

Zimbalist attributes the delay in implementing such reforms partly to outdated perceptions about viewer interest. Despite consistently attracting large audiences, women's games were historically undervalued due to insufficient marketing compared to their male counterparts. Public outcry following documented inequities during the 2021 tournament further catalyzed change, prompting the NCAA to conduct a thorough gender equity assessment.

As part of ongoing adjustments, the NCAA now allows the women's tournament to utilize branding previously reserved exclusively for men, including "March Madness." Although progress has been made, significant gaps remain—units in the men's tournament are worth nearly $2 million each, far exceeding the $114,000 value assigned per unit in the women's competition. This discrepancy largely reflects differences in broadcasting agreements; current deals grant ESPN exclusive rights to air the women's tournament alongside other NCAA events, potentially undervaluing its standalone appeal.

Looking ahead, experts anticipate potential shifts in how media rights for the women's tournament are managed. Options range from bundling it with other championships to merging it entirely with the men's package or creating independent contracts. Regardless of future arrangements, many within the sport view this development as a meaningful stride toward recognizing and rewarding the economic impact of women's basketball.

Duke coach Kara Lawson expressed optimism about these changes, emphasizing the importance of acknowledging sports that generate revenue. With this step forward, the NCAA aims not only to address past injustices but also to foster growth and sustainability for women's athletics moving forward.

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