AUSTIN, Texas -

A person with knowledge of the decision tells The Associated Press that Texas athletic director DeLoss Dodds will step down in August 2014 and move into a consulting role at the nation's wealthiest college athletic program.

The school is expected to make a formal announcement Tuesday, according to the person who spoke condition of anonymity because they did not want to pre-empt a statement from university officials.
    
The Austin American-Statesman first reported Dodds' decision on Monday.
    
Dodds could not immediately be reached for comment. Dodds vigorously denied a report earlier this month that he was stepping down on Dec. 31. Under the retirement plan to be announced Tuesday, Dodds will remain on the job through Aug. 31, 2014 and move into a consulting role through 2015.
    
Dodds, 76, has been at Texas since 1981.