Who denigrated who first? If I went on the Providence board to say the university should give up basketball because the program hasn't had any real success at the national level for nearly two decades, and instead, put their focus and dollars into hockey, some fans might push back. (Of course, I would say it in an obnoxious yet constructive and well-wishing way).
The reality is most UConn fans are starved for traditional rivalries, but we don't need to put up with that BS. (As an aside, it looks like we've got match ups in the works with PITT and possibly Georgetown.) Anyhow, I've said in the past that for the C7+3 the NBE is their best and only option, just as the AAC, for now, is UConn's best and only option, no matter what some posters say about NBE and the A10.
Regarding your last comment, I suspect Providence will not be able to shower mens basketball and hockey with P5 like benefits without applying like treatment for other sports.