I agree with John's concern because it sounds like SNY no longer owns the rights to Uconn WCBB and nor does Uconn - they belong to the AAC!!! I think this has the makings of a disaster and I suspect that with those AAC rights Uconn is sharing whatever money they do receive.
Curious as to what other leagues actually pool broadcast revenue for any sports outside of FB and MCBB. I always thought WCBB and the non-revenue sports were free to make whatever deal they could and keep their money. Is this a first for a conference?
I don't think that most schools and conferences have to worry about it, unfortunately.
Otherwise, for the most part, I think the conference does get theirs. I don't know (or care to know) the details, but Texas's spats with the Big 12 have centered on its Longhorn Network revenue; various conferences instituted policies (grant in rights?) to combat this very possibility.
I do see that Oklahoma and Kentucky, among others, have individual TV deals with games on local Fox affiliates, but I don't know what happens to the money. I wonder who might?