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Texas AD Dodds announces retirement

Austin, TX ( - University of Texas men's athletic director DeLoss Dodds announced on Tuesday that he will retire, effective August 31, 2014.

In his 32 years as Texas' AD, Dodds guided the athletic program to 14 National Championships and 108 conference (Southwest Conference and Big 12) titles in nine different men's sports.

"I love The University of Texas, and I love the people. We've had a great run," said Dodds, 76. "I have been contemplating this decision for a while. (University of Texas President) Bill Powers and I have talked it over, and this is something I am ready to do at this time."

The Austin American-Statesman, citing three well-connected sources, first reported the retirement announcement. According to the report, Dodds will receive a $1 million annuity in August.

Dodds said he will remain active through the department's transition.

"I promised to let people know well in advance. I want the university to have the appropriate amount of time to find a successor, and I want to ensure that the athletics department can prepare and execute a succession plan for new leadership," Dodds said.

Powers will lead the efforts to find Dodds' successor.

Dodds, who oversees the largest athletics budget in the country, created the national model for intercollegiate athletics fundraising. In 1986, he guided the creation of The Longhorn Foundation, the department's official fundraising leg. Before its existence, approximately $250,000 was raised annually by various Texas sport booster clubs. Through Dodds' vision, those clubs were folded under the umbrella of The Longhorn Foundation, which raised more than $1 million in its first year.

"DeLoss Dodds is one of the giants of college athletics," Powers said. "His vision reshaped The University of Texas and the entire NCAA, and it's been an honor to both work with him and call him a friend for so many years."

Dodds also was a central figure in forming the Big 12 Conference, which began competition in 1996-97. Texas has been a committed member of the Big 12 since its inception, and Dodds' stable vision helped guide the Big 12 through the unstable climate of conference realignment in the summer of 2010.

He also oversaw the creation of the Longhorn Network, the first sports network devoted to a single school, which launch in August 2011.

10/01 15:51:11 ET

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