Pay walled, but at least per other sites from a Google search this seems to be mostly an outside suggestion and maybe something entertained by a few of the have not schools.
The Big Ten and SEC will just laugh at any attempt to do this and go about their merry ways printing money and planning future conference poachings, while the Big 12 goes along and picks over raided conferences for leftovers and hoping that the raptors don't notice the vulture (again).
And without them playing ball, this is a DOA suggestion.