The Kop outfit have pushed out the boat for the England youth star who is already rated the 'next big thing' after his appearances for club and country.
Attacking midfielder Sterling chose to go to Anfield for football reasons, but his financial package is a stunner for a player of his age.
As a schoolboy Sterling will only be able to earn the basic low wage, but part of the Kop contract includes a three-year 'pro' contract when he turns 17.
And Sterling's 'camp' will be given a giant signing on fee, worth around £200,000 and spread over the length of his deal at Liverpool until 2014. He is going into their academy in a major coup.
Liverpool are paying QPR a guaranteed £500,000 with further installments based on the time Sterling spends with them - and his eventual breakthrough to the first team.