The department chair at the time, Sartaj Sahni, responded by cutting teaching funding and letting some of the best teachers go. UF had a few teachers without PhDs, which reduces a university's ranking in US News & World Report. Of course, these teachers were the ones that REALLY cared about teaching, since they didn't have research distractions. These teachers were replaced with postdocs who lack the experience needed to teach at a major institution.
I don't know how you can have a solid program if you slash your best teachers to save research, then slash your research to save teaching. Doesn't make sense.