Breaking News: Reports Dodds Expected To Announce Retirement
According to a Austin American Statesman report UT Athletics Director DeLoss Dodds is expected to announce his retirement on Tuesday.
Dodds has held the position for the past 32 years.
"Dodds, 76, will announce his retirement after vigorously denying a report earlier this month that he would leave his job before the end of this year. Dodds will stay on through Aug. 31, 2014, and will remain on as a consultant through 2015. Dodds could not be reached for comment. He will receive a $1 million annuity in August.
"He's going to announce it tomorrow," one of the well-placed sources said. "They were going to do it today but decided to wait because they didn't want to detract from the passing of (legendary former Longhorn quarterback) James Street."
Under Dodds' time, the school has soared into national prominence. Texas has made more than $400 million worth of facility upgrades. Dodds hired Mack Brown and Augie Garrido who produced one football and two baseball national championships. And he engineered a 20-year, $300 million agreement with ESPN to form the Longhorn Network for the school's third-tier television rights. What's more, he helped build Texas' athletic program into the largest in the nation with an annual budget of $163 million." - Via Kirk Bohls of the Austin American Statesman.
The Texas Longhorns Beat writer for the San Antonio Express News and Houston Chronicle Mike Finger tweeted this:
Two UT sources confirm multiple reports that DeLoss Dodds will announce tomorrow he's stepping down as AD.
— Mike Finger (@mikefinger) September 30, 2013
