Update: Today, Dodds officially announced the news. Per a release from Texas:
On Tuesday, Dodds announced his intention to retire as Men's Athletics Director, effective Aug. 31, 2014.
"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 awhile. (University of Texas President) Bill Powers and I have talked it over, and this is something I am ready to do at this time."
Earlier: Just over two weeks ago, Orangebloods.com reported that University of Texas athletics director DeLoss Dodds would be stepping down at the end of the year. At the time, a UT spokesman commented and said the reports were "absolutely not true."
Today, the Austin American-Statesmen is reporting that Dodds will step down next August, and will make an announcement about the move tomorrow.
Per the Statesman:
"Texas athletic director DeLoss Dodds will announce Tuesday afternoon that he will step down next August after 32 years in the position, three well-connected sources told the American-Statesman on Monday.
Dodds, 76, will announce his retirement after vigorously denying a report earlier this month that he would leave his job before the end of this year. Dodds will stay on through Aug. 31, 2014, and will remain on as a consultant through 2015."
We'll keep you posted as more comes out.