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The Atlanta Journal-Constitution's Sekou Smith addresses the Hawk's restricted free agents:

Josh Smith is being targeted by Philadelphia with their $11 million-plus in available cap space. I know there is a small segment of people out there that think the Sixers might be using all this hype as a smokescreen and really be interested in making a sneak attack for Corey Maggette or even Elton Brand (if he does indeed opt out of his deal, we'll know later today if he does or not). But Smith is the guy. And if the offer to Smith is frontloaded (think of the structure of the Hawks' offer to Joe Johnson three years ago), things will get really complicated. ... Josh Childress is going to be the target of at least three different veteran-stocked playoff teams that are over the salary cap, meaning they'll use their mid-level exception to try and steal him away while the Hawks are busy figuring out what they'll do with Smith.

Of course, the Hawks can match offers to either, but need to be cost-conscious as they'll eventually be paying Al Horford and Joe Johnson at the same time. Four fat contracts is one too many even if this is a team on the rise. And you'd want to have some long-term money for a point guard (whether it's Bibby, Acie Law, or a player to be named later) and, you know, a bench.