The basketball vs. football revenue arguments are meaningless now since all the all-sports conferences sell their media rights on a consolidated basis.
Conference realignment is not solely driven by football. If that was the case, then why were Colorado, Maryland and Rutgers among the winners? Nebraska is the only example I see where football was the primary driving factor. For the rest of the schools, including UConn, they are where they are because of markets, or in our case, the threat we posed to Boston College.
It is interesting that if UConn's athletic program eventually is as seriously impaired as most of us fear, will the state do anything to the primary, and in essence, only culprit for that result. Universities can fight dirty over research dollars and talent, but I can not recall another example where one university could potentially be successful in destroying another school's athletic program.