Reports: Mike Smith acquitted

Updated: November 2, 2010, 8:07 PM ET

Los Angeles Clippers announcer Mike Smith was acquitted Tuesday of grand theft, according to multiple media reports.

He had been charged with stealing $735,000 from a golfing buddy in a development deal gone bad.

An Orange County jury took two hours to return the verdict. Smith would have faced up to five years in prison if he had been found guilty.

"I'm relieved, obviously, but mostly I'm just grateful to the judge and jury who saw to it [that] the truth came out," Smith told ...

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