1) The "We Are Screwed"
UConn ends up exactly where it is in the Big East. We add Conference USA teams, Baylor, Iowa State (and the Kansas schools if we are lucky). We may keep BCS status, but the TV money is nothing and our prestige dwindles with the conference. Football is never really able to expand The Rent to 65,000.
2) The "Very Happy" Option
Texas and ND decide to take their talents somewhere other than the ACC and UConn heads to the ACC, putting us in a division of UConn, Cuse, Pitt, MD, BCU, Virginia, Va Tech, +1. We are in a top conference that keeps BCS status, there is a lot of money in an enormous TV deal, and we get natural rivalries.
3) The "Holy Grail" Option
This seems the most unlikely, but fear from the B1G could allow it to happen. We end up getting snatched up by the B1G. This conference makes by far more money than the ACC, the academic prestige of the schools is significantly higher (minus Duke and UNC), and it has incredible football, where the big money lies. Our basketball would not take a hit as we get to play Izzo and Ohio State every year. We open up more recruiting in the heartland of the USA. Still, the biggest thing is that the $$$ in this conference is extraordinary. If we get the B1G invite, we take it and run ASAP.
Either Option 2 or 3 would be extremely positive for the University. Having met Herbst, understanding her background, and her propensity to get things done, I do have faith. However, the place we stand currently is a bit scary and up in the air.