POSTED: Tuesday, December 10, 2013 - 1:42pm
UPDATED: Tuesday, December 10, 2013 - 9:14pm
Brown denies reports, says he is staying at Texas
Austin, TX — According to Chip Brown of the University of Texas Rivals website, OrangeBloods.com , head football coach Mack Brown will be stepping down after 16 years.
An official decision is expected to be announced in the next 48 hours according to Chip Brown.
Mack Brown, who is currently out of Austin on a recruiting trip refuted the story to ESPN's Joe Schaud on Tuesday saying that he had not notified the school that he is stepping down.
The University of Texas Board of Regents plans to discuss the employment of University of Texas President Bill Powers during a closed-door executive session  meeting on Thursday. Brown has indicated that he would like to stay at Texas as long as Powers is President of the University, which lead many to speculate whether or not Mack Brown's future at Texas was tied to Powers' tenure.
OrangeBloods.com says they expect the Alamo Bowl, December 30, in San Antonio, in which the Longhorns take on the PAC-12 powerhouse, Oregon Ducks, will be Brown's last.
Brown is under contract until 2020 and sources say he will receive a $2.75 million buyout among other incentives for his resignation.
Prior to Brown's lengthy tenure at Texas, he was head coach at Appalachian State, Tulane and North Carolina.
He won the following championships at the university's in which he coached:
- BCS National Championship (2005)
- Big 12 Championship (2005, 2009)
- Big 12 South Division (1999, 2001, 2002, 2005, 2008, 2009)
Brown is currently the highest paid employee in the University of Texas system racking up over $5 million a year.
Stay with KTSM for the latest on Brown's future with the Longhorns.