Texas has denied reports that athletic director DeLoss Dodds will step down at the end of the year:
Reports that AD Dodds is stepping down are absolutely not true.— UT Austin (@UTAustin) September 13, 2013
OrangeBloods.com released a report claiming Dodds would be resigning, but the validity of those claims has been called into question.
DeLoss Dodds, who has guided the Texas athletic department for 32 years, including its growth into the top revenue producer in college athletics, will step down as athletic director by the end of the calendar year, two well-placed sources close to the situation told Orangebloods.com.
According to the sources, Dodds will move into a consulting role currently outlined in his contract and will continue to serve the Texas athletic department in "a significant half-time position."
In the consulting role, Dodds, 74, would continue to collect his full salary (currently $1.1 million) through the end of his current contract, which expires in August 2015, the sources said. Dodds would also collect a $1 million, after-taxes payment due to him in August 2014, as currently outlined in his contract, the sources said.