"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.