Stephen A. Smith is negotiating a new contract with ESPN, seeking a significant pay raise to become the network’s highest-paid talent. Smith currently earns around $12 million annually and is asking for $25 million per year, surpassing the $18 million earned by Troy Aikman and the $17 million by Pat McAfee. ESPN has offered him a five-year deal worth $90 million, or $18 million annually, which Smith has rejected. Known for his prominence on 'First Take' and extensive NBA coverage, Smith aims to expand his NFL presence in his new contract. With his current deal expiring in July 2025, Smith may consider going independent if his salary demands are not met. Negotiations are ongoing, with ESPN having recently undergone significant layoffs, adding complexity to the talks.