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Texas Board of Regents approve settlement for former AD Steve Patterson

As expected, University of Texas regents voted to approve a settlement for former Longhorns athletic department Steve Patterson, who was ousted last week after only 22 weeks on the job.

Chancellor Bill McRaven would not release the financials of the settlement, which Patterson's lawyer Rusty Hardin must still officially approve, but Horns Digest reported last week that Patterson will receive $2.8 million, roughly half of the remaining money owed in his guaranteed contract, which was set to run through 2019.

Here are some further specifics:

If Patterson doesn't have other employment a year from now, he'd be entitled to another $1.