Is There Any Way to "Fix" The Electoral College?

My new colleague over at Dealbreaker has written a somewhat modest proposal. John Carney proposes creating an auction market for Electoral College votes, so that states which are traditionally overlooked during presidential elections (like New York) can recoup some political relevance in the free market.
Among general concerns about the fundamental nature of democracy, I’m pretty sure Carney’s elegant proposal is illegal, unconstitutional, and could possibly lead to the creation of subatomic black holes that could end life on earth.
But I’m always up for a spirited legal debate. If anyone disagrees with my reading of the 12th Amendment, please feel free.
Still, many people (who do not live in Ohio or Florida) believe that the EC needs some serious tweaking. But few people agree on how to do it.
So … write your own amendment. Is a straight popular vote really the way to go, or does that disproportionally represent populous coastal states? If you like Carney’s suggestion, how can he make it work constitutionally?
You can’t change the nature of the democratic process without talking to the lawyers.
Could We Have A Market For Electoral College Votes? [Dealbreaker]

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