This is a short sided and desperate move by the WCC to keep Gonzaga, and it will ultimately do nothing. It gives the bottom of the conference a slap in the face telling them the conference doesn't actually care about them. It's Gonzaga finding a way to not really be a part of the conference while being forced to be a part of the conference. It was them sucking a little more money out of the conference for another year or two.
Gonzaga will still end up in the MWC in the next year or two.