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Nope.

The football coach and the AD are usually tied together. You make a couple of bad football hires, an AD is on the hot seat at most schools. Are there exceptions? Yes, but for most schools, having a football team that isn't performing hurts the bottom line of the athletic department and guess...

There's a fundamental difference between a guy taking these positions on a corporate board(Where they are mostly ceremonial) and this, which you noted yourself would be a job with some responsibilities. This isn't a creative idea, it's a classic "Miami fan can't stop jock sniffing from the 80s"...

Say it with me: NO AD WORTH A **** WANTS THIS CONVOLUTED NONSENSE WITH HIRING SOME OLD GUY TO BE A PART TIME ADMINISTRATOR. Our fanbase continues to overcomplicate something that is extremely basic. HIRE A COMPETENT AD AND GET THE **** OUT OF THEIR WAY. Provide that AD with the resources...