By TYLER CHILDWARDE AUSTIN, Texas — Chase Elliott has one of the biggest payday ever in the life of a Texas high school.
It’s a deal that is not likely to get any easier for the 6-foot-5, 265-pound rookie wide receiver who is set to make $10 million in the NFL after earning $1 million in his first year with the Texas Longhorns.
Elliott, who signed a one-year deal in March, will receive the full $10.25 million from the school, the NFL Players Association and his former coach, Texas coach Mack Brown, and the NFLPA, which represents all college athletes.
If Elliott makes the $10-million deal, the deal will be the highest of his career and would be the first of the $30 million in guaranteed compensation he’s been offered by the NFL.
Elliott signed his deal at the same time as the school announced that he would receive a $2.5 million signing bonus.
Elliott is one of several high school receivers set to receive more money in the new collective bargaining agreement.
Other players, including Clemson’s Deshaun Watson, who has been offered a six-figure payday from the league, and former Baylor receiver DeSean Jackson are expected to make more than $5 million each.
Elliott’s deal will go into effect on Jan. 10.
His deal includes a $1.8 million signing incentive, which would be guaranteed if Elliott is picked in the first round of the NFL draft.
If he is selected, Elliott will receive $1,600 per game.
Elliott will get a $500 bonus if he reaches 500 receptions for 1,000 yards.
Elliott also gets a $250,000 signing bonus if his career total of 1,500 receptions exceeds 2,500 yards.
The deal will pay Elliott about $3 million a year.
That figure includes $1 billion in guaranteed money that the school and Elliott will make from his signing bonus, $500,000 per game, and another $500 million if he makes 1,250 catches.
Elliott was a three-star recruit who came out of high school in Texas.
He has been ranked No. 4 by Rivals and No. 8 by ESPN.
The 247Sports Composite, which ranks the top-rated wide receivers, has Elliott No. 2 among receivers in the country.
Empire Sports Network is the exclusive distributor of Elliott’s contract, which is the first contract to be officially announced by the league.
The contract also includes $500 of incentives for Elliott to play for the school in the 2019 season.
Elliott could receive $250 in incentives for the 2019 campaign.
He also will receive a signing bonus of $1-million if he plays in 10 games or less for the Longhorns in 2019.