This according to the Memphis Commercial Appeal. What a confusing report. It says the offer is for 58 million, but there's no word on the number of years, which is kind of important. It's also confusing whether Smith has actually accepted the offer. Perhaps this is an instance where taking a little more time to get more essential facts of the story would have been the way to go instead of rushing to get the news out first.

If true, Atlanta has to be thanking Memphis for making their life easy, assuming the Hawks match like they should. If not, they're even stupider than I thought.

Still, good to see Memphis actually trying to use their cap space instead of being cheap. At the very least, they've set Josh Smith's market price.

UPDATE: Atlanta says they're going to match the offer, so it looks like the ATL will remain relevant in NBA basketball.