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The probe also uncovered lavish spending, including $33,000 for a birthday bash for Junker in Pebble Beach, Calif., $13,000 for a wedding for Junker’s top aide and even a $1,200 trip to a Phoenix strip club.

The BCS decided a fine was sufficient punishment for a bowl that was host to last season’s highly anticipated national championship game between Auburn and Oregon. Last month, the NCAA announced the Fiesta Bowl, which also operates the Insight Bowl, could keep its license but would serve a one-year probation. The NCAA’s bowl licensing subcommittee ordered the bowl to return next April to provide a progress report on its promised operational changes.

Shelton leaves the state’s second-largest university as it deals with the latest in a series of serious budget cuts imposed by the Legislature.

“Since joining the university in 2006, Dr. Shelton has provided consistent leadership to the U of A and been a steady hand on the wheel during difficult economic and budgetary times,” Arizona Gov. Jan Brewer said in a statement. “The Fiesta Bowl faces challenges of its own. I am confident that Dr. Shelton can be an asset in delivering his collegiate expertise, leadership and managerial skills to this important Arizona institution.”