UConn is unfortunately going to be at best the Option B for ACC or Option C for Big 10. It is clear that the administration was caught with their pants down by the Syracuse/Pitt announcement, and will now be competing with Rutgers for scraps. The ACC will only ever want UConn if better options do not materialize (Texas/TT). The only thing UConn has going for it right now is the ESPN connection to the state, and the hope that Dan Malloy does not mind going into an ethical gray area and call up the folks down in Bristol and ask for a good recommendation letter.
The scenarios as I see them:
Most likely:
UConn ends up as the top dog in the dregs of the Big East/Big 12/CUSA leftovers. The football program and basketball programs are irrevocably harmed. In this scenario the ACC picks up either Texas/TT or grabs some combination of Rutgers/Louisville/Cincinnati to flesh out 16. The Big 10 only ever seemed interested in Syracuse, Pitt, and Rutgers, so if they poach anyone, it would be Rutgers for the NY market.
Hopeful:
The ACC fails to woo Texas, and decides to pick up Rutgers/UConn as teams 15/16. This is working under the assumption that WV would prefer going to the SEC and that the SEC would want WV.
Dreamland:
The Big 10 decides to ignore its vaunted academic requirements and take in UConn as the lesser buddy of Rutgers as well as absorb Notre Dame. Overall, this is still a terrible blow to UConn Men's BB, as it vastly decreases the market value of the team to NYC.