ESPN may have determined what they would pay based on value of different schools and/or programs, but this was not a "pick and choose" where they said what they would pay for each school and the AAC could take or leave each one. They provided the AAC with a number.
I think there seems to be blame to the AAC that isn't warranted here. Without question UConn's programs were probably worth more to ESPN than, say, Tulsa's. But the schools were always splitting the conference TV monies equally, like most other conferences. So yes, UConn may have been paid less than the fair market value of its games, but so is Ohio State and Michigan and Florida and UCLA. Guess what. When we move to the Big EAst, our women's basketball program is going to be worth more to ESPN than everyone else's in our conference combined, and we're still only going to get our pro rata share of the value of it.