Stephen A. Smith, a prominent figure in American sports media, has built a significant net worth of $25 million as of 2025. Known for his no-nonsense commentary and larger-than-life personality, Smith has become a staple on ESPN, where he commands a salary of $13 million per year. His influence extends beyond television to radio, podcasts, and even acting. This article delves into Stephen A. Smith’s financial journey, exploring his salary, career milestones, and the controversies that have marked his path to becoming one of the highest-paid sports commentators in the world.
Early Life and Education: A Foundation for Success
Stephen Anthony Smith was born on October 14, 1967, in the Bronx, New York. Raised alongside six siblings, Smith’s upbringing was modest. His father, who ran a hardware store, was also a former baseball and basketball player, which likely influenced Smith’s early interest in sports.
Smith’s passion for basketball earned him a scholarship to Winston-Salem State University, where he played under the legendary coach Clarence Gaines. While at WSSU, Smith made headlines by writing for the university newspaper, controversially suggesting that Gaines should retire due to health issues. This early display of boldness foreshadowed the career that lay ahead. Smith graduated in 1991 with a degree in mass communication, setting the stage for his future in sports journalism.
From Journalism to Sports Commentary: Building a Brand
Smith’s journalism career began at the Winston-Salem Journal as a sports clerk. He quickly moved on to more prominent roles at the Greensboro News & Record and the New York Daily News. However, his breakthrough came at The Philadelphia Inquirer, where he initially covered the Philadelphia 76ers. Over time, his role expanded to general sports columnist, allowing him to build a loyal following with his incisive and opinionated writing.
In 2008, Smith’s career faced a setback when The Philadelphia Inquirer terminated his employment. Unfazed, he launched his own blog and fought a legal battle against his former employer, ultimately winning reinstatement in 2010. This episode not only showcased Smith’s resilience but also bolstered his public profile.
The ESPN Era: Salary, Net Worth, and Influence
Stephen A. Smith’s affiliation with ESPN began in 2003 as an NBA analyst. By 2005, he was hosting his own show, Quite Frankly with Stephen A. Smith. Although the show was canceled in 2007, it was clear that Smith’s personality and commentary resonated with audiences.
In 2012, Smith joined First Take, opposite Skip Bayless, solidifying his status as a cornerstone of ESPN’s programming. His animated debates and straightforward approach made First Take a massive hit, leading to a series of salary increases:
- 2014: Signed a contract paying $3 million annually.
- 2015-2019: Earned $5 million per year.
- 2019: Signed a new deal worth $8 million annually, making him the highest-paid personality at ESPN at the time.
By 2025, Smith’s salary had risen to $13 million per year. In June 2024, he made headlines by turning down a $90 million contract over five years, holding out for $25 million per year instead. Although this deal did not materialize, it underscored Smith’s market value and his confidence in his brand.
Comparing Salaries: Smith vs. Other Sportscasters
Stephen A. Smith’s $13 million annual salary places him among the elite in sports broadcasting. For context:
- Tony Romo (CBS): $17 million per year.
- Jim Nantz (CBS): $10.5 million per year.
- Skip Bayless (Fox Sports): $8 million per year.
Smith’s earnings reflect not only his popularity but also the high value ESPN places on his ability to drive ratings and engagement.
Acting and Other Ventures: Diversifying Income
In addition to his work at ESPN, Smith has explored acting. He appeared in General Hospital as a recurring character and played a cameo role in Chris Rock’s 2007 film, I Think I Love My Wife. In 2023, Smith made a cameo in Creed III, expanding his presence in popular culture.
Smith’s radio career has also been lucrative. Starting at WEPN radio in 2005, he later hosted shows for Fox Sports Radio and Sirius/XM. From 2015 to 2019, he earned $1 million annually for his Sirius/XM show. His distinctive voice and straightforward commentary made his radio shows popular, further boosting his net worth.
Turning Down $90 Million: A Calculated Risk
In June 2024, Smith’s decision to turn down a $90 million offer from ESPN shocked the sports world. The proposed deal, which would have paid him $18 million per year, was reportedly rejected because Smith was holding out for a $25 million annual salary. While some viewed this as a misstep, others saw it as a strategic gamble reflecting his confidence in his negotiating power.
Although the higher salary did not materialize, Smith’s current $13 million annual salary ensures a steady growth of his net worth, which stands at $25 million in 2025.
Controversies: A Career Marked by Bold Opinions
Stephen A. Smith’s career has been punctuated by controversies, often stemming from his unfiltered opinions. In 2014, he was suspended for a week by ESPN following comments about domestic violence that were deemed insensitive. In another instance, he faced backlash for suggesting that an NFL coach’s decisions were racially motivated.
More recently, Smith’s comments about women’s soccer during the FIFA World Cup sparked outrage, leading to public apologies. While these controversies have occasionally strained his relationship with ESPN and his audience, they have also contributed to his brand as a fearless and outspoken commentator.
Real Estate and Investments: Managing Wealth
Smith’s net worth of $25 million includes investments in real estate. He owns multiple properties, including a house in New Jersey reportedly worth over $1 million. His real estate investments, coupled with earnings from ESPN, radio, and acting, ensure a diversified financial portfolio.
Smith’s approach to managing his wealth appears prudent, with a focus on tangible assets and diversified income streams, from broadcasting and endorsements to real estate investments.
Future Prospects: What Lies Ahead for Stephen A. Smith?
With his current contract running through 2026, Stephen A. Smith’s financial future appears secure. His brand is synonymous with ESPN, and his ability to draw viewers suggests that further contract negotiations could see his salary increase. There are also rumors of potential ventures into podcasting or independent media projects, which could significantly boost his net worth.
Given his influence and negotiating power, it is conceivable that Smith could eventually secure a deal worth $25 million per year, whether at ESPN or another platform.