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The University of Arizona is facing budget problems after miscalculating their cash on hand by $240 million. The university president mentioned the possibility of making 'draconian cuts,' including cutting sports programs, to address the deficit. This mistake is consistent with past behavior in the Pac-12 conference, where university presidents misestimated the conference's value. The athletics program at Arizona is solvent, but cutting sports is being considered to address the financial shortfall.
