“We were informed this morning by Josh Childress’ representatives that he has signed with Olympiakos in Greece, and we want to wish him the absolute best with his future career in FIBA.
“We have a great deal of respect for Josh and appreciate his contributions to our franchise. We were very comfortable when we began this process that if Josh were to play in the NBA, he would remain with the Hawks. This is a unique situation with Greece, and to my knowledge it is believed to be the highest contract ever awarded in Euroleague history.
“We feel we presented a very fair and competitive offer to keep him in Atlanta, and we will now move forward with the options we have to improve our roster.” – Hawks GM Rick Sund.
((Admin. note- What this means is that the Atlanta Hawks can;
A) Spend all their available cap money and sign Josh Smith- probably to a one-year tender offer. At the point of the trading deadline in the 2008-2009 season, he will then be dealt to a contender in a sign-and-trade situation.
B) Let Josh Smith go and try to replace him and Josh Childress with bulk.
C) Continue to tell fans that this will be a team who "took the Boston Celtics to the brink of elimination" in an attempt to sell season tickets.
D) Try to spin that "they lost a player to the most expensive contract in FIBA history."
Congratulations on all of the above...))
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