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It's not the worst idea. But AEW just doesn't have the young talent to pull it off. Outside of Darby I can't think of an AEW original with any upside that didn't already get themselves over (MJF). There's no win against Danielson that's going to make Garcia more popular than he already is. There's no association that's going to get Yuta over with more people than he already is.
I think you just ride out Danielson's popularity until you actual hire people who are going to be able to hold their own when he's gone.
Kings Road worked cause Misawa, Kobashi, Taue and Kawada were all amazing performers, and they only did it cause they were in panic mode after losing Tenryu.