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

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.