In a major contract negotiation that could have far-reaching implications for ESPN, reports suggest that the sports network is facing a significant gap in re-signing popular personality Stephen A. Smith.

According to journalist John Ourand, ESPN recently made an initial offer of $18 million per year for five years to retain Smith, whose contract is set to expire in a year. The network reportedly pitched the offer to Smith's WME agents, suggesting that he would become ESPN's highest-paid star, surpassing the likes of Troy Aikman and Joe Buck from "Monday Night Football".

However, the reported gap between ESPN and Smith's desired salary is staggering. Smith is said to be seeking $25 million annually, a notable $7 million more than what ESPN has offered. Previous rumors indicated that Smith could potentially secure a contract worth $20 million or more with his next deal, which would still fall short of his desired figure.

To argue his case, Smith and his agency are allegedly citing contracts similar to that of Pat McAfee, who reportedly signed a deal worth $30 million. It's worth noting that McAfee's agreement includes his show, while Smith's influence spans across various ESPN programs, notably his appearances on "First Take" and his crucial role in the network's NBA coverage.

These negotiations for Smith's contract have attracted substantial attention, as the sports journalist is one of ESPN's most recognizable and influential personalities. The outcome of these talks could potentially shape the future landscape of ESPN's talent roster and have a significant impact on the network's programming.

At this stage, it remains to be seen whether ESPN and Stephen A. Smith can bridge the substantial gap in their contract negotiations. As fans eagerly await updates, the stakes are high for both sides to reach a mutually beneficial agreement that secures Smith's services and ensures his continued presence on ESPN.