Not going to work sadly, even though the idea is not "The Worst Ever", The Shockmaster, THAT was the worst ever!
WWE is slowly working to rebuild things, but it's doing it smartly. First, you need managers, not Diva's but proper characters at ringside. Vickie was the catalyst for it, she's got the same witchy traits as Sherri had with the modern "cougar" twist. AW so far hasn't worked, but like Slick it will take time to build the character. AJ will be a good manager, hopefully for Dean Ambrose or ultimately Bryan.
The 80's tag era worked because tag teams generally had the managers but the managers were generally a good fit to the team, The Hart Foundation had Jimmy Hart, Bulldogs had Lou Albano, Fuji had Demolition and later Orients and Powers Of Pain.
Some teams bombed because of poor manager choice. The Beverly Brothers would have been a brilliant Heenan team, but with The Genius it didn't work. The Quebecers had Johnny Polo, and that sucked.
Matches then used the manager to disguise the mechanics of the match like the Hot Tag and the 5 count to leave the ring. If Anderson and Blanchard were double teaming, Heenan would break the count so it was a 10 or 15 in reality, if The Nasty Boys were struggling, Hart would use the Megaphone to berate the ref or clonk the opponent.
Go back and look at tag teams and that kind of stuff is why they were good and they are missing today. Once they find the right managers and fit them to teams, then the division will begin to pick up.
Who would I like to see?
JBL - Would be a brilliant manager for a tag team with his APA heritage. I'd put him with Kings Of Wrestling or The Brisco Brothers, that JBL's money and knowledge got them into the WWE at last. Give him Del Rio as a singles and the stable is complete.
Mick Foley - Foley could do a good job with a young team, he reminds me a lot of Captain Lou these days and could play a similar role.
Dustin Rhodes - Not Goldust, Dustin. I think it'd be very cool to see him team with Richie Steamboat for a while (as he did with his father) and become kind of the mentor figure. Steamboat is likely to need help on the mic and Rhodes has no problems carrying that end. I see Richie being a tag figure with someone like Bo Rotunda and this fits.
Bray Wyatt - He is injured and needs surgery, but the character is too good to wait. Bring him in now as a manager and let him wrestle later. The gimmick would need someone to be "turned" by him and I think the former "Air Boom" would be a good team for that. Kofi is overdue a heel turn and it'd be logical to use "the fans don't love you like I do" and Bourne's "troubles" as motivation for him "drinking the coolaid" that Wyatt is dishing out.