Athletic director of the University of Texas Longhorns DeLoss Dodds will announce today that he will be stepping down in August 2014, according to what online sports betting experts have learned.
Other sources have stated that Dodds will stay with the university as a consultant through 2015. The 76 year-old AD is scheduled to collect a $1 million annuity next August.
Dodds took over the Longhorns program in 1981 and saw it through the demise of the old Southwest Conference and the creation of the Big 12. The school’s athletics has an annual budget of $163.3 million, largest in the nation.
The Kansas native oversaw a major expansion and renovation of Darrell K. Royal/Texas Memorial Stadium, led the Longhorns through the turbulent years of conference realignment and also negotiated a $300 million, 20-year deal with ESPN to form the Longhorn Network.
Dodds hired Mack Brown, who led the football program to the 2005 national title while producing a Heisman Trophy winner — running back Ricky Williams — in 1998. He also hired baseball coach Augie Garrido, the winningest coach in NCAA history who has led the Longhorns to three national championships.
YouWager experts believe that it’s fair to say that Dodds help the Texas men’s programs win 14 national championships and 108 conference titles.
In the past two decades, the Longhorns have invested more than $400 million in building and renovating facilities.
The Hall of Famer also oversaw the creation of The Longhorn Foundation, which has raised more than $360 million since 1986.
According to some sources, UT president Bill Powers will lead the search to replace Dodds and the school is hoping to find its next athletic director by Dec. 1.