Are you kidding? I just did. New Year's 6 bowl access, other bowl tie-ins. You can't get those as an Independent. Right now BYU has 1 bowl tie in guaranteed: the Miami Beach Bowl against the American.
Also if you need another argument, how about TV exposure and revenue for football? If we leave the AAC in football we lose access to guaranteed access to games on ESPN and CBS networks. Great we can go independent and play Michigan State and the games will air on Detroit's ABC affiliate and SNY. Sure, UConn will get Big East hoops TV money in your scenario, but we're leaving so much more on the table from Football.
How about recruiting? When you play in a conference you get guaranteed trips to Texas, Florida and Ohio every year where your recruits can watch you play in person. As an Independent you're at the whim of your schedule, which is as erratic one year to the next.
To say there is no positive argument for staying in the AAC is completely ignorant of how college football works on and off the field.
BYU and Boise both got better deals for TV than we have, and Boise is in Boise. SNY wants to carry UConn. Why not cut out the middleman? Syndicate the big games if need be, and in 5 years most of the broadcasts will be streaming online.
UConn needs a few partners to make this work, and at that point, maybe UConn should just form an 8 team, football only conference. I do not have a problem with that. The key is filling the schedule, and the Big 10 has already said they want to play us. Let's get a couple of more leagues to do the same, and then push off.
BYU, Boise, Army, Navy, UConn, Cincinnati, UMass and whoever (Temple?) would be a respectable football league. Army/Navy could play Patriot hoops, Boise and BYU to the WCC, UMass stays in the A 10 and maybe is joined by Temple, and UConn and Cincinnati make a pitch to the Big East. Would this league get a decent TV deal? I think so.
By the way, you brought up the technicality of the G5 arrangement with the Bowls. I am confident that a league with the teams outlined would be admitted to that deal somehow, someway. And that technicality is much smaller than ESPN's right of first refusal on the AAC, which means that ESPN never has to pay the AAC a market price for their broadcast rights, ever. There is no way for the AAC to make more money with ESPN short of threatening to dissolve the league.
We need to get out of the AAC as soon as possible.