I like what you're going for and the creativity of it. Here are the things that I think would be potential areas of complaint for fans/schools (none are things that I personally would have a big issue with).
- Two teams near the bottom of the conference standings getting home games to start the tournament, and getting at least the concession revenue that goes along with it.
- Having just one travel day, especially in the men's format where you could theoretically have a team go road game -> travel day -> 3 days of neutral games all in a row. Granted, that result probably would never happen since it would involve one of the bottom teams in the conference making the championship.
- The two-day midweek break in the women's format feels weird, though the women's tournament has the Sunday break this year.
Overall, though, I think your design could be pretty effective and it puts both the men's and women's championship games on the big stage on Saturday. The midweek break wouldn't be as big of a deal because there'd be games for the other tournament happening at the same time, and the short travel after the on-campus games probably makes up for the benefit for the on-campus hosts.
