In the basement of Rheta & Mel Kiper Sr.'s Baltimore home, Melvin Adam Kiper Jr. built something no one ever had.
Starting his senior year at Calvert Hall College High School, Mel Kiper Jr. produced an annual NFL Draft book that was preceded by a draft preview in October, monthly newsletters, and complete free agent report.
Kiper dropped out of Essex Community College to build Mel Kiper Enterprises, Inc. into a recognized and highly-valued tool for front office personnel, general managers, and scouts of the National Football League hoping to get the inside track on every college football player headed for the pros.
In fact, it was former Baltimore Colts general manager Ernie Accorsi who suggested Kiper become a full-time draft analyst. The Baltimore County native never looked back.
During an appearance on The Action Network's Favorites Podcast, Kiper revealed that during his first year as an NFL Draft analyst working for ESPN in 1984, he earned $400 -- not like $400 a week or even $400 a month; he made $400 for the entire year.
"You gotta pay your dues," Kiper said. "When I started out, we were losing money. We lost money for the first four years in this business, in terms of putting out draft reports. We never knew if we'd make a dollar, but you keep going."
Rating potential draft picks and paying his dues certainly paid off, too.
Mel Kiper's ESPN Salary
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Selling his draft books and publications helped Mel Kiper Jr. earn a livable income before his jump to ESPN.
In 2012, Kiper signed a six-year contract extension with the company, but it's unclear how much he earned during that stretch. Kiper told Bleacher Report in a 2014 interview "that his salary from ESPN did not reach six figures until about a decade ago."
With that in mind, we can assume Kiper's been making at least $100,000 per year since the mid-2000s.
Kiper also revealed in that same interview that his family lived in a 6,500-square-foot house in Maryland. A built-in radio and TV studio helped him work from home, obviously. Kiper had also purchased a second home on the Chesapeake Bay, which included a deck, hot tub, private pier, and an elevator reaching every level of the home.
That should be plenty of space for wife Kim Kiper and daughter Lauren to stretch their legs.
Several online estimates suggest the NFL Draft expert has an annual salary north of $400,000 today, which isn't bad for someone who lived his parents' basement until he was 30 years old.
Mel Kiper Jr. Net Worth
My top-ranked prospects in the 2022 class:
1. Aidan Hutchinson, DE, Michigan
2. Ikem Ekwonu, OT, NC State
3. Sauce Gardner, CB, Cincinnati
4. Kyle Hamilton, S, Notre Dame
5. Evan Neal, OT, Alabama
Final rankings: https://t.co/uIGXPjd5Bw
— Mel Kiper Jr. (@MelKiperESPN) April 27, 2022
With five decades of experience dissecting NFL Draft hopefuls and creating annual mock drafts, Mel Kiper Jr. correctly predicted which players would be first-round picks 85 percent of the time in NFL Drafts from 2009-13, according to data from The Huddle Report (via Bleacher Report).
The sportscaster's consistent big boards and NFL Draft coverage also earned him voice spots in video games like ESPN NFL 2K5, NFL Head Coach, and two versions of Madden NFL 07.
Sustained success lands Mel Kiper's estimated net worth around $7 million, which is likely to increase as the 61-year-old ESPN.com draft analyst continues in his current role alongside fellow expert Todd McShay.
This article was originally published February 26, 2020.
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