Texas men's athletics director DeLoss Dodds is planning to step down at the end of the year, according to a report by Orangebloods.com.
Dodds would reportedly move into a consulting role and earn his regular $1.1 million salary. According to the report, Dodds recommended Big 12 commissioner and former Stanford athletics director Bob Bowlsby to be his replacement to school President Bill Powers.
A Texas spokesman denied the report, claiming that "whoever is saying that is wrong."
Dodds has been in charge while Texas has consistently laid claim to the most profitable athletics program in the country. The Longhorns have led the nation in merchandise sales eight years in a row and their football program recently became the first to generate $100 million of revenue in a single year.
Since Dodds took over the Longhorns' athletic program in 1981, the Longhorns have won 108 conference titles and 14 national championships. A two-time recipient of the National Athletic Director of the Year (2005, 2011), Dodds was also essential to the establishment of the Longhorn Network, an enterprise that will earn Texas $300 million over 20 years via its contract with ESPN.
Dodds has seen his three biggest programs -- football, men's basketball and baseball -- struggle as of late.
Mack Brown's football team is 23-17 in its last 40 games, the Texas basketball team is coming off its first losing season since Rick Barnes took over as head coach in 1998 and the Longhorns baseball team, led by NCAA all-time wins leader Augie Garrido, has missed the NCAA Tournament each of the last two seasons.
"There are likely big changes coming," a source told Orangebloods.com. "And DeLoss knows it and doesn't want to stand in the way of progress."