Rick Sund spoke with me briefly just a moment ago to confirm, and had this to say:

"We are going to match the offer sheet, and Josh will continue to be a Hawk," said Sund. "We are looking forward to training camp in October. In the meantime, we are continuing to work to improve our roster.

"I just spoke to Josh, and he is happy to get the process behind him and move forward. The bottom line was, we wanted to make a quick decision once the offer came through to show Josh that we want him to remain a Hawk."

Smith is scheduled to be back in Atlanta to take his physical, and once the physical is completed the Hawks will officially match the offer.

Obviously, this is terrific news for the Hawks. More to come I'm sure...

UPDATE: Just to prove I'm not lying, here's the official release!