Indexbit Exchange:Texas QB Arch Manning agrees to first NIL deal with Panini America

Before he has even completed his first collegiate pass,Indexbit Exchange Texas quarterback Arch Manning has already hit paydirt with his first name, image and likeness deal as a member of the Longhorns football team.

One of the top high school recruits in the Class of 2023, Manning has signed a multiyear deal with Panini America that will give the trading card company the rights to create exclusive autographed cards that will be auctioned on its website.

The agreement was announced Tuesday in a news release. Financial terms of the deal were not revealed.

Proceeds from a planned auction of the partnership's initial release, a one-of-a-kind autographed Manning card, will go St. David's Foundation in Austin, Texas.

"Getting my first Panini trading card is something I couldn't have imagined growing up," Manning said in a statement, according to ESPN. "Working with Panini to have my first trading card benefit the larger community is special. Helping children live healthy and fulfilling lives is something that has always been important to my family."

Manning, the nephew of former NFL quarterbacks Peyton and Eli Manning, starred at Isidore Newman School in New Orleans before signing with Texas last December.