Who knows if it'll work, but the lack of experience in a college landscape that's been flipped upside down isn't as big of a deal as it would've been previously. Could potentially be a positive.
Plus, the Big 12 will be viewed as an underdog in the Power 5 once Texas and Oklahoma leave. You can't play things straight up when competing against those with power. Football analogy: Run the Air Raid while the elites run out of the I Formation.
I'd argue the less experience with the academic world the better. Individual schools can handle that aspect and succeed or fail on their own.
College sports is more about pro contracts than pro sports now. It's like if every MLB, NHL, NBA and NFL player was on a one year contract. Complete wild west.