I'll have to think about this, but my first reaction is that it's a bad idea.
I mean, it's a great idea for a wonderful WCBB program that for a variety of reasons (some the fault of local politicians and the hubris of its administrators at the time) finds itself in a league far below its own level. Oh, would that be UCONN? It would put UCONN in a league with the best, so there's no question it's good for that school, and the others that also are chosen.
But beyond the chosen few? No good, never mind great, player will ever again consider a second tier university (Perhaps we should call them Division II. Wait. What?) Not many of those players go to schools beyond that top 30 now, but this will seal the deal, and consign all the rest -- USF, Georgia, Green Bay, DePaul --to the Division II trash heap.
The more I think about it, this is a concept designed by someone who feels bad about UConn's situation and, in the process of making things better for UConn, radically changes things for every other top WCBB school in the Top 30 and measurably worse for the rest. Something tell me the rst of the world won't go for it.