I am absolutely stunned this could come off. I can see fighter's mandatories getting in the way of this though so for it to fully work, I could see one maybe having to give up his belt.

As for the exclusion of Bute, there are plenty of opportunities for him. After Andrade you have Pavlik (if he moves up), Balzay for a unification, Allan Green and even fighters like Stieglitz, Miranda or Jean Pascal for a huge money fight in Canada.