Essentially.

In late 2012 when Maryland voted to leave the ACC, Louisville's football and basketball teams were both top 20. UConn's men's basketball team was still pretty good, but football was extremely mediocre. In a lot of ways, I think UConn actually checked more boxes for the ACC than Louisville, but Louisville, with Tom Jurich as AD, was more committed to their athletic department and getting better results in the big money sports.