Update 2:According to ESPN, Brown had, at one point, decided to resign as coach. But when his decision was leaked to the press, he changed his mind. Quite an interesting tidbit.
Brown had previously confided in those close to him that he was resigning, the source said. However, Brown was "enraged" when the news leaked to the media, and he decided to change course, according to the source.
Update: According to Bobby Burton of 247 Sports, Brown will remain coach of the Texas Longhorns. The news comes after the coach's meeting earlier on Friday with both President Bill Powers and AD Steve Patterson.
Earlier: Texas head football coach Mack Brown took the podium during Friday night's team banquet, but contrary to what most Longhorns fans were expecting, he did not address his future with the program.
AD Steve Patterson also dropped an interesting quote, which seems to imply that Brown will be around for years to come - of course, that doesn't mean we know in what capacity.
It had been reported earlier in the week by orangebloods.com that Brown would be stepping down, but both the school and the coach himself refuted the report soon after it was released. Brown was scheduled to meet with university President Bill Powers and AD Steve Patterson on Friday afternoon ahead of the banquet to discuss his future with the program.
Brown's status had been the subject of rumors for the past few weeks, and many expected the school to use its vast resources to make a run at current Alabama head coach Nick Saban. It was announced during UT's banquet that Alabama had signed Saban to a brand new multi-year contract.