Friday , Aug , 08 , 2008 C.Y. Ellis

Grizzlies Sign Josh Smith to $58-million Offer Sheet

Grizzlies Sign Josh Smith to $58-million Offer SheetThe Memphis Grizzlies have sent a contract offer worth $58 million to Atlanta Hawks restricted free agent Josh Smith today, according to multiple NBA sources.

As the only team left with significant room under the salary cap, the Griz have shifted out of a summer holding pattern and targeted the versatile 6-9, 235-pound forward.

Atlanta has seven days to match, per league rules, once Smith receives the offer sheet.

Smith’s numbers have increased in each of his four NBA seasons since Atlanta made him a first-round pick out of high school in 2004. He averaged 17.2 points, 8.2 rebounds and 2.8 blocks last season, helping the Hawks make the playoffs.