The term "blue chip" is commonly used to describe athletes who are being targeted to be drafted or signed by teams at the next level. It is most commonly used to describe high school players being recruited by college teams, but can also refer to collegiate players being scouted by professional franchises.

"Blue chip" players have proven themselves to be amongst the best at their respective positions in their sports and are more sought after than other players. They are typically perceived as "can't miss" prospects who are desired by most organizations. Blue chip athletes are likely to have an immediate impact on teams that acquire them and have proven skills rather than speculative or untapped potential.