Thanks for posting your query.
From description it seems to be soft tissue injury
. Large lump might be due to haematoma formation(collection of blood).
You need an x-ray to rule out any bony injury.
I suggest you to consult an orthopaedician nearby for a detailed examination. You may get the X-ray of the area affected under his/her guidance.
Beside icing and elevating it, you can take anti-inflammatory drug like motrin
to reduce pain and inflammation. Avoid liffting weight and rest well.
Dr Saurabh Gupta