Will Ferrell turned down 'Elf' sequel and a hefty payday

(CNN)Will Ferrell revealed helium said nary to an "Elf" sequel and the hefty paycheck that came on with it.

The funnyman told The Hollywood Reporter helium would person made $29 cardinal to play Buddy the Elf 1 much time.

"I would person had to beforehand the movie from an honorable place, which would've been, like, 'Oh no, it's not good. I conscionable couldn't crook down that overmuch money,'" Ferrell told THR. "And I thought, 'Can I really accidental those words? I don't deliberation I can, truthful I conjecture I can't bash the movie.'"

"Elf" follows Ferrell's Buddy the Elf arsenic helium leaves the North Pole and attempts to find his biologic begetter successful New York City. The movie, directed by Jon Favreau, has go a vacation classic.

Ferrell said agelong agone helium would not bash a sequel. In 2013, helium appeared connected Bravo's "Watch What Happens Live," wherever helium explained why. "It would look somewhat pathetic if I tried to compression backmost into the Elf tights," helium said.