According to that list, only Louisville and West Virginia were above UConn in athletics.
As far as the people who make the point that football is driving this decision - I'd say, yes, but it's not playing that big of a role. For instance, I don't see Duke losing it's spot in the ACC despite being a disgrace of a football team.
ESPN knows the Big East won't sign their next contract with them. And while that doesn't matter a lot for football, you must realize that losing Big East basketball would create a huge void in ESPN's winter programming. By recovering Pitt and Cuse if they go to the ACC, they hope to keep some of that "Big East" basketball market (even though you can't get much less clutch than Pitt basketball
) and leave the rest of the Big East with WVU, Louisville, and UConn as the main three programs. Looks much less impressive in the end.
So while all of you are talking about how football is making this decision, I'd argue basketball has an equal or greater role. The money comes from football for the schools, but come winter time, there is no bigger money maker than Big East basketball - and that's a hit ESPN can't afford to take.