Dean Jones says:

"Upon further reflection if our university's compensation package is not sufficient to get you to work here, I doubt we can make it satisfactory, no matter how much time we give you to contemplate it.  So, why don't we just agree that this is not going to be a good fit for you, and let it go at that?

I wish you well in your job search!"    

Critique: 

This was not a successful negotiation.  Reflect upon why it was not...

You may wish to try again to see if you can secure an agreement.