And, no, LGBT concerns was not what kept us out in 2016 either.
What kept us out was that no other non-P5 team moved the needle financially.
This is why future expansion rumors have included BYU and a sitting P5 team poached from another conference, or two sitting P5 teams poached from another conference.
No one wants to add a G5.
Money is more important than the social concerns that you're referring to.