It doesn't matter whether a G5 team makes the playoff. The conferences still get money from the playoff.
CFP Revenue Distribution Policies
Also the Group of 5 representative in the NY6 bowl gets $2.43M for their conference. That doesn't include any of the other bowl payouts that the conference shares. The AAC will have 7 or 8 bowl eligible teams this year.
Yes, UConn will be better off when they make a bowl game (assuming it's a fairly decent one.) But in the years they don't they lose that guaranteed revenue stream. ESPN may try to renegotiate, but you have to remember most of the value of the TV contract is football.