Since 2006, the athletics department at the University of Colorado at Boulder has paid nearly $9.8 million in severance payments to former coaches and other employees, The Boulder Daily Camera reported. The payments are generating scrutiny because the department currently has a $7.5 million deficit. Jerry Peterson, a physics professor and chair of the Boulder Faculty Assembly, said that "we all recognize that the Boulder campus is facing tight financial times, and that [nearly] $10 million -- even if it's over several years -- is a loss to academics."
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