 In October 2010, "Sports Illustrated" writers included Schefter in its "Top 40," a listing of the NFL's top officials, executives, coaches, players and media members.In 2014, Schefter was the recipient of multiple awards, including being named the "Most Influential Tweeter in New York" by New York magazine in February, "Best Newsbreaker" by the sports media website Awful Announcing in its second annual People's Sports TV Award Winners in May, and SI.com's “Media Person of the Year.”

In November 2015, Schefter was named The Cynopsis Sports Media Personality of the Year, which is presented annually to an individual whose work in the sports industry has transcended how sports connect with fans.In the same year, he was named honorable mention for Sports Illustrated Now's 2015 Media Person of the Year, and 2015 Sports Media Personality of the Year by the "Tampa Bay Times".