This reply is probably best served on the CR board, but I'll add my 2 cents here nonetheless.
I think that the B12's interest in UCONN is minimal, at best.
First of all, for whatever reason, they seem content on staying at ten and trying to convince people that their model is the best way to determine a true football champion (until there is a 2-way or, gasp, 3-way tie), even if it costs them millions of dollars by not having a Championship Game. For them to expand, they would need to bring immediate competitive football (BYU, Cincinnati, UCF, ECU fit the bill).
Second, I don't think the B12 cares too much about hoops. They pin all of their conference hopes on Kansas year in and year out and seem happy with being disappointed in the tourney every season. Sure, other programs have an occasional good year every now and again but never seem to advance past the Sweet 16 in most years. And look at their last 2 additions: WVU and TCU. WVU has an average, at best, hoops program and TCU is garbage.
Third, I don't think the B12 cares about markets and/or northeast markets whatsoever. The writing is on the wall: the B12 is not looking to create a conference network. They are the odd duck of the P5 model in that they don't want a Championship Game or a Network and, because of that, they want to keep membership low so that there are less mouths to feed (and everyone gets a bigger slice of their revenue pie). There are far too many Texas-based schools for them to give a hoot about NYC ("New York City??") or any large northeast market. Texas thinks very highly of itself (I'm talking about the state) and Texans prefer to keep their NYC association at a minimum. If you don't have a network (and don't plan on ever having one), then you don't need to expand based on markets.
The B12 can suddenly reverse its stance if, say, a 1 loss OU is shut out of the 4-team playoff (they likely would be, in that scenario). But that's the ONLY way I vision the B12 expanding and if that were to happen, they would look at football prestige only...not markets, hoops, hockey, academics or anything else. UCONN football is in a down cycle with dwindling attendance. That eliminates us immediately from consideration.
If the B12 expands, I think they would like to give WVU some travel buddies. Cincinnati and ECU would fit in nicely there. UCF and even USF would give the B12 some recruiting exposure into Florida and allow schools like Texas and OU to recruit against the SEC and ACC. BYU would bring immediate football prestige even if meant that a bunch of Texans would have to play nice with a religion that they can't wrap their heads around. If I had to rank the B12's expansion list, I'd say it would look something like this:
1. Cincinnati - good football, decent enough hoops, close to WVU
2. UCF - good football, FL football recruiting
3. BYU - good football tradition
4. USF - if paired with UCF, would provide a nice 1-2 in FL football recruiting
5. ECU - football crazed, good fanbase, close to WVU
6. Houston - they're in Texas so they automatically get consideration
7. UCONN - struggling football, weak football recruiting, weak fan support
Our best CR bets are still the B1G or ACC and always will be until the day ever comes that UCONN football can return to 7-9 win seasons and/or sell tickets. Our football program and fan support might be low enough right now that it has tacked on a few additional years of AAC purgatory (and allowed schools like ECU to leapfrog us on the CR food chain).