They absolutely do not. Pitt's track and field budget is nearly $4million, and the university says it's budget neutral to the penny, just like every other non-revenue sport at the school. Every single sport is shown to be raking in between $1.6-$4million in revenue with nearly $40 million "not related to specific teams." Pitt generates nearly $140 million in athletic revenue (probably much more if you consider merchandise, which doesn't get attributed to the athletic department unless it is sold at the stadiums) and spends probably half of that on football and basketball combined.
I would be absolutely shocked if 80%+ of non-revenue sport revenue isn't covered by the ACC and its media deal, unless you also think women's lacrosse is generating $2.3 million in revenue every year.
As far as licensing goes, let's not pretend that isn't also intrinsically linked to the football and basketball program. Without those programs bringing in 98%+ of the eyeballs, who is going to pay those fees for licensing the other sports?