Hawks Josh Smith Signs 5 yr - $58 Mill offer sheet from Grizzlies

[Dirty]

Hawks' Smith signs $58M offer sheet with Grizzlies
Organization has seven days to match the five-year contract

By SEKOU SMITH
The Atlanta Journal-Constitution
Published on: 08/08/08 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.

Your Turn Should the Hawks match the Grizzlies' 5-year, $58 million offer to keep Josh Smith? Yes No Voter Limit: Once per Hour View Poll Results

Photos: Smith's careerSekou:Hawks must act RELATED STORIES Hawks' Smith signs $58M offer sheet with Grizzlies Some NBA talent among Europe-bound wave Morris will attempt to 'rewrite' career with Hawks More Hawks coverage

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.
Even if the Hawks match the offer they'll have some damage control to do with Smith. He made visits to Philadelphia and Los Angeles (Clippers) to be wined and dined this summer.
Both the 76ers and Clippers opted for les risky situations - unrestricted free agent Elton Brand for the 76ers and a trade for Denver's Marcus Camby for the Clippers. The were moves that wouldn't tie up their salary cap space for the seven days the Hawks had to match an offer.
Smith's representatives have spent the summer stuck in slow-paced negotiations with the Hawks over a salary figure. The Hawks offered Smith a five-year, $45 million contract last October that he declined and never increased that offer this summer. The Grizzlies' offer is significantly more than that, an average of $11.6 million per season.
Similar negotiations with Josh Childress led the former Hawks' sixth man to pursue his options and he signed a three-year, $20 million offer from Greek powerhouse Olympiakos two weeks ago.




Hawks' Smith signs $58M offer sheet with Grizzlies | ajc.com

[cassiusclay]

what happened to europe? 58 million is alot of money...

[Dirty]

NBA
Hawks match Grizzlies offer for Josh Smith
Young forward gets $58-million, five-year deal to stay in Atlanta

By SEKOU SMITH
The Atlanta Journal-Constitution
Published on: 08/08/08 Josh Smith was willing to continue his NBA career wherever he had to, either in his hometown of Atlanta with the Hawks or in Memphis with the Grizzlies.
The Hawks made the decision for him late Friday night by matching the five-year, $58 million offer the Grizzlies made to Smith, a restricted free agent, earlier in the day.

Allen Sullivan/aesullivan@ajc.com (ENLARGE)

Josh Smith is sticking around, after the Hawks matched an offer from the Grizzlies Friday.

Blog: Is he worth it? • Photos RELATED STORIES Hawks match Grizzlies offer for Josh Smith Josh Smith signs $58M offer sheet with Grizzlies Q&A with Hawks forward Marvin Williams More Hawks coverage

Your Turn Will $58-million man Josh Smith lead the Hawks to an Eastern Conference title in the next five seasons? Yes No Voter Limit: Once per Hour View Poll Results

"Tonight, the Hawks organization received an offer sheet from the Memphis Grizzlies for Josh Smith," Hawks general manager Rick Sund said in a statement released by the team. "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. We look forward to training camp in October, and we will continue to look at additional opportunities to improve our roster."
This brings an end to a six-week saga that began July 1 with Smith, a 22-year-old forward, being courted by the Philadelphia 76ers and the Los Angeles Clippers, among other teams.
The final deal is $13 million more than the only offer made by the Hawks, a five-year, $45 million deal that Smith turned down in October. But not nearly as lucrative as the deals handed out to other restricted free agents like Luol Deng ($71 million) and Emeka Okafor ($72 million).
"It's all about getting it done now," Smith said by phone Friday evening from Houston, where he has been working out all summer. "Obviously, what happened with [Josh] Childress ... I'm positive that could have been avoided, too. It wasn't like we were trying to hit the Hawks over the head for more than what we thought we were worth.
"All we wanted to do was be appreciated for the hard work we've put in the last four years and the strides that were made. But this summer, it never seemed like that happened."
Until now.
The Hawks had seven days to match the offer made by the Grizzlies or lose Smith without compensation. But they bucked a summer long trend that marked their negotiations with both Smith and Childress, who bolted two weeks ago for a three-year, $20 million offer from Greek power Olympiakos, and acted immediately.
The Hawks never wavered from their stance to match any offers made to Smith.
But the slow pace of the negotiations certainly made people, and Smith, wonder if they really meant what they said.
"They said, 'here it is. And if you think you're worth more than what we offered go out there and see what's going on. If you find something better we'll just try and match it,' " Smith said of the initial discussion his camp had with Sund and his team.
That led Smith to recruiting trips to Philadelphia and Los Angeles (Clippers) in the first 10 days of the NBA's free-agency period, which began July 1. But neither trip produced an offer sheet like the one the Grizzlies offered Friday.
And none of it spurred the Hawks to offer anything more than the five-year, $45 million deal Smith turned down last October.
"After I went to Philadelphia and the Clippers, I didn't know what we were going to do. It was a dead end," Smith said. "But I think for anybody that's seen me play the last four years, they've seen my talent. They know I work hard. The pressure is not an issue for me, it never was. I'm down here in Houston working hard, same as I did last year. I'm feeling good about myself, and I'm ready to prove to everybody that I'm worth what Memphis [offered and the Hawks will pay]."
By keeping Smith the Hawks retain the services of a 6-foot-9, 240-pound shot-blocking terror, Smith has finished second in the league in each of the past two seasons in blocks, that averaged 17.2 points, 8.2 rebounds, 3.4 assists and 2.8 blocks as the No. 2 option on a playoff team.
But they also have a player who has been burned by rampant speculation about his attitude and willingness to remain with the team, rumors fueled by anonymous sources and bolstered by the long delay between the start of the free-agent process and now.
"Anybody that's been paying attention has seen the highs and lows," Smith said. "They also know I'm a good dude. And as long as the guys I've run across in my path up to this point know about my character, I don't care what everybody else thinks because they don't know me. But ask my teammates about me. Ask my peers around the league. And they'll tell you the truth about me."




Hawks match Grizzlies offer for Josh Smith | ajc.com

[YeahBoyHowdy]

the hawks had to match this offer.

[Little Steven]

what happened to europe? 58 million is alot of money...

CC - That is Josh "i have an old school afro" Childress that went to Greece. Not so sure Josh Smith is vetted enough to make that kind of dough. But we are talking about a franchise that made Jon Koncak one of the highest paid NBA players, so no worse than that, I guess.

Any francshise whose starting 5 were Rivers, Theus, Wilkins, Willis and Malone and can't get out of the first round of the east, is cursed bigger than shit.

LS

[Dirty]

CC - That is Josh "i have an old school afro" Childress that went to Greece. Not so sure Josh Smith is vetted enough to make that kind of dough. But we are talking about a franchise that made Jon Koncak one of the highest paid NBA players, so no worse than that, I guess.

Any francshise whose starting 5 were Rivers, Theus, Wilkins, Willis and Malone and can't get out of the first round of the east, is cursed bigger than shit.

LS

Different Owners, different GM's, different time than Koncak.... You can't even compare Josh Smith to Koncak in any shape, form or fashion. They are not even close to the same caliber of Ballplayer. JS is a all star for years to come and is only 22 years old. What he is doing has only been done by a handful of HOF'ers in Scoring, Rebounds, and Blocks.

Throwing Theus into that mix is laughable... he was at the very end of a great career and was a shadow of him former self... and in the East back then not many Got past the Celtics and then the Pistons... so that theory is out the window...That Decade was dominated by those 2 teams.... It all depends on the Matchups in the playoffs.


$13 million will be a bargain for Smith in a couple of years... This guy is the real deal