Report: Stephen A Smith, ESPN Reach A New Deal

Stephen A. Smith’s new five-year contract will make him ESPN’s highest-paid sportscaster with an annual salary that will approach $8 million per year, according to The NY Post citing sources.

This will move Smith past Mike Greenberg’s $6.5 million, which was ESPN’s previous known highest salary. Greenberg is the host of “Get Up!”

When The Post first reported negotiations between Smith and ESPN in April, some in the industry felt Smith might be able to negotiate a $10 million annual salary.

Smith got nearly $8 million, but he received some money upfront, making it more worth his while to re-up with a year left on his current deal.

Smith will continue to be front and center on ESPN’s air with his daily morning show “First Take,” as well as on “SportsCenter” and the network’s NBA coverage. Though the finer points of the contract are not fully completed, Smith has already started hosting Wednesday’s “SportsCenter” leading into ESPN’s NBA schedule that night.

The Post previously reported Smith will give up his national ESPN Radio show next year.

ESPN wants to try to find a fit for Smith on its direct-to-consumer subscription service, ESPN+, and for him to continue to be active through his and their social media channels.