Texas receiver Mike Davis plans to forego his final year of eligibility and enter the NFL draft, colleague Joe Schad reported on Thursday.

From Schad's report:

"This is about my family and finances," Davis said. "It's a good time to take it to the next level. I enjoyed my time playing for Texas and it meant a lot to me." Davis, 6-foot-1, 195 pounds, had 57 catches for 939 yards and seven touchdowns this season. He has been told he may be a third-round draft choice though he hopes to improve upon it.

Davis is physically gifted, but it's definitely a bit of a surprise to see him go. He has a great shot at an NFL future, and if his family needs it, then so be it. Every decision is different, and those factors must be considered for some. Congrats to him.

Texas' Jaxon Shipley will likely be the Longhorns' top receiver next season, but the rest of the unit will need to grow up fast without Davis to help quarterback David Ash this offseason and next year.