The Bison will play a spring season in 2021, but Lance will instead prepare for the draft at that time. He ran for two touchdowns and threw for two more in a 39-28 victory over Central Arkansas on Saturday, the Bison's only scheduled game this fall.
Lance, who couldn't be reached for comment by ESPN, posted his decision on social media.
Thankful. pic.twitter.com/ijk4kXZgLi— Trey Lance (@treylance09) October 6, 2020
North Dakota State coach Matt Entz said Tuesday that he advised Lance to take his time in making his draft decision and said there was no benefit for the Bison in knowing his decision earlier.
"I don't know how losing an NFL-caliber quarterback makes life easier," Entz said, according to The Associated Press.
Entz noted that he recently spoke to several NFL executives, and he said, "I'm sure Trey and his family have reached out to the same people."
In his first season as a starter at North Dakota State in 2019, Lance didn't throw an interception in 287 attempts, setting the NCAA all-division record for passing attempts in a season without an interception. He completed 66.9% of his passes for 2,786 yards and 28 touchdowns while running 169 times for 1,100 yards and 14 scores. He led the FCS in passing efficiency (180.6) and established single-season school records for passing efficiency and total offense (3,886 yards).
Lance was named the most outstanding player in North Dakota State's 28-20 victory against James Madison in the FCS national championship game, which helped the Bison achieve the first 16-0 season in college football since 1894. Lance won the Walter Payton Award as the top offensive player in the FCS and the Jerry Rice Award as the top freshman, becoming the first player to earn both honors.
Lance, a draft-eligible sophomore, is projected as the third-best quarterback available for the 2021 draft behind Clemson's Trevor Lawrence and Ohio State's Justin Fields, according to ESPN's Mel Kiper Jr. and Todd McShay. Both analysts project Lance among the top 10 picks overall.
Lance went 17-0 in parts of three seasons at North Dakota State.
He recently told ESPN that he wasn't sure how his limited starting experience in college would affect his draft status.
"It's all about what other people think," Lance said. "It's not really about what I think. I've done everything I can to play as many games as possible. If that was my decision at the end of the fall, I've played as many games as I possibly can. I'm loving it here at North Dakota State, so we'll see what happens."
Information from The Associated Press was used in this report.