Iowa's Gabriel Olaseni was called for a "Flagrant 2" on the play and was ejected from the game.
The Longhorns announced that the injury would not require surgery. The school did not announce a timetable for his return but did say the injury was not "season-ending." His status is out indefinitely.
A source told HD on Friday that Taylor would be out at least a month, but it could be as much as six weeks.
Felix, who was injured at the beginning of last season which moved Taylor into the starting lineup, had nine points and four assists in 35 minutes against Cal on Friday. But he also had four turnovers.
Yancy had six points, an assist and one steal in 22 minutes.
Texas will play its second game without Taylor on Tuesday when it hosts Saint Francis at 7 p.m.
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*****Longhorns 2015 QB commitment Zach Gentry's junior highlights
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