Bob Elliot was a three-time academic and athletic All-American at the University of Arizona, leading his team to a Western Athletic Conference championship and two NCAA tournament appearances. He was a 1977 Third Team All American, a 1975, 1976 and 1977. Third Team All-WAC conference honoree, and a 1975, 1976, and 1977 Academic All American. Elliott received a Bachelor of Science in accounting, and later, an MBA from the University of Arizona as well.
He is also a past chairman of the NBRPA. Elliott was drafted by the Philadelphia 76ers of the NBA, but never played for them. He spent half a year playing basketball in Europe and three seasons with the New Jersey Nets. Following his NBA career, Elliott briefly played for the Detroit Spirits of the Continental Basketball Association during the 1982–83 season.
Elliott currently resides in Tucson, Arizona. He and his wife Beverely have four adult children and ten grandchildren. Elliott also owns a successful accounting practice, Elliott Accounting Group, in Tucson that has been active for over 30 years.