Let me take a crack at it.
Hypothesis: College X, within the WCHA's footprint, has a big donor willing to fund a men's D-I hockey team. College X approaches the WCHA and says, "Daddy Warbucks says he will fund our new hockey team, and we would like to join your conference starting in Fall 2013. See, we've already started to gather players and a coach, and we're breaking ground on an arena in July!" The WCHA leaps at the opportunity and saves the tenth spot for College X, despite UAH's pleas.
Fast forward to Fall 2013. Daddy Warbucks' stock value fell, and now he can only give $15 million to College X. College X can't scrape up the rest, so they tell the WCHA, "Give us one more year." Meanwhile, Chris Luongo puts together a .350 season in Huntsville.
Fast forward to late Spring 2014. Daddy Warbucks goes to prison for tax evasion, and College X is stuck with half a stadium and an overpaid gym instructor. The WCHA tells College X to screw off and immediately offers a conference spot to UAH the week before the university plans to announce the hockey program's cancellation. UAH takes the spot, but Luongo's miracle season has already gotten him a job in the ECAC. They promote an assistant and go ahead regardless.
Fast forward to Spring 2015. UAH finishes dead last in the WCHA with 2 conference points (a 1-1 tie and a 0-0 tie), two forfeits (since they couldn't afford to go to UAF) and an average attendance of 325 people per game. The university decides, "We can't keep embarrassing ourselves," and pulls the plug. Geof Morris cries in his beer for three months.