Restricted free agent Josh Smith has received a five-year, $58 million offer from the Grizzlies, the Atlanta Journal-Constitution and Memphis Commercial Appeal reported Friday.
The Hawks have seven days to match the offer. The Hawks have maintained that they will match any offers made to Smith, though no one saw the Grizzlies' offer coming, the Journal-Constitution said.
Smith, 22, averaged 17.2 points, 8.2 rebounds and 2.8 blocks last season while helping the Hawks make the playoffs for the first time since 1999. Atlanta drafted Smith out of high school with the 17th pick in the 2004 draft.
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