Josh Smith Signs Offer Sheet With Grizzlies

The Hawks will officially be on the clock now that Josh Smith has signed an offer sheet with the Memphis Grizzlies.

After receiving the signed offer sheet later today, the Hawks will have seven days to match the Grizzlies’ five-year, $58 million offer.The Hawks maintained that they will match any offers made to Smith, though no one saw the Grizzlies offer coming.

The Grizzlies were the only NBA team with significant cap space left. It was believed the team would hold on to their cap space for the free agent class of 2009.

Atlanta Journal Constitution

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