Hawks match Grizzlies' $58M offer sheet, retain Smith

Updated: August 11, 2008, 4:40 PM ET
Associated Press

Smith

Smith

ATLANTA -- Josh Smith will remain with the Hawks after Atlanta quickly matched an offer sheet from the Memphis Grizzlies on Friday.

"Tonight, the Hawks organization received an offer sheet from the Memphis Grizzlies for Josh Smith," Atlanta general manager Rick Sund said in a statement. "We are happy to announce that we will match their offer sheet.

"Ownership, management and the team are happy to have Josh return as a member of the Hawks."

Terms were not immediately disclosed.

Ford: Stopping The Bleeding

The Hawks made up for a turbulent offseason when they matched Memphis' offer sheet for Josh Smith, writes Chad Ford. Story

The Grizzlies announced earlier in the day that Smith, a restricted free agent, had signed the offer sheet. Terms have not been disclosed but it's believed that Smith gets a five-year deal worth about $58 million.

The Hawks drafted the 6-foot-9, 235-pound Smith out of high school in the first round in 2004.

Smith averaged 17.2 points, 8.2 rebounds and 2.8 blocks in helping the Hawks make the playoffs last season.


Copyright 2008 by The Associated Press