The University of Texas will house Watergate documents. (Up front: news, trends & analysis).

The University of Texas at Austin said it will pay Washington Post reporters Bob Woodward and Carl Bernstein $5 million to archive their documents on the Watergate scandal. The university will house the documents, which are enough to fill about 75 file boxes, and make them available for study at its Harry Ransom Humanities Research Center.

Woodward and Bernstein were the first reporters to establish the connection between the Nixon White House and the June 1972 break-in at the Democratic National Headquarters in Washington's Watergate complex. Their reporting over the following months won them the Pulitzer Prize for public service and resulted in two books, All the President's Men and The Final Days.

"From the beginning of the investigation, Woodward and Bernstein adhered to one rule: They threw away nothing and kept all notes and drafts of stories" Larry Faulkner, University of Texas president, told CNN. "The result is a meticulous record of the Watergate story from beginning to end."

The Ransom center will preserve the papers, including notebooks, assorted pieces of paper, and photos. The vast majority will be available to the public within a year, according to the center's director.

Documents naming "Deep Throat" who was the reporters' secret source of information, will be kept secure at an undisclosed location in Washington until the source's death; the identities of possibly several dozen other sources will also remain secret until their deaths.