The Austin American-Statesman reported Monday, citing sources, that Dodds will then stay with the university as a consultant through 2015.
Dodds, 76, took over the Texas program in 1981 and saw it through the demise of the old Southwest Conference and the creation of the Big 12. Texas athletics has an annual budget of $163 million, largest in the nation. He oversaw a major expansion and renovation of Darrell K. Royal/Texas Memorial Stadium and also negotiated a $300 million, 20-year deal with ESPN to form the Longhorn Network.
Source:ESPN.com news services