Men’s head athletic director DeLoss Dodds plans to announce his decision to step down next August on Tuesday, according to The Associated Press.

Dodds, 76, took over as athletic director at the University in 1981. Earlier this month, he denied reports that he planned to step down before the end of the year.

According to the report by the AP, Dodds plans to remain athletic director until Aug. 31, 2014, when he will move into a consultant’s role.

Dodds played an instrumental role in turning around the Longhorns’ football program by hiring Mack Brown as head coach in 1998. Under Brown, the Longhorns won a national championship in 2005 and made another trip to the BCS title game in 2009.

The success of the football team has slipped over the past four seasons, and the Longhorns possess just a 24-18 record since the start of 2010. 

Dodds told The Dallas Morning News two weeks ago that he hoped to lead the football program back to prominence before retiring.

“My goal would be to leave things in good shape,” Dodds said. “We need to win some football games. I’m responsible for that.”

In addition to football, Dodds revitalized the Texas baseball program by hiring head coach Augie Garrido in 1997. Garrido has posted a 720-347-2 record with the Longhorns and led them to a pair of national championships.

In the 2011-12 fiscal year, the Longhorns athletic department earned $163.3 million in revenue under Dodds, most among all university athletic departments in the country. The football team alone earned $103.8 million, marking the first time a single sport in the NCAA generated over $100 million in a season.

Dodds remains under contract through 2015, and he earns $700,000 each year, according to the AP. The Austin American-Statesman first broke the story.