One wonders if the Spurs will allow this thing to drag out. The earliest Smith could sign an offer sheet from Philly would be the 9th and then the Hawks would have 7 days to decide whether or not to match. They'll take all 7. So that's the 16th. If you're Maggette, do you wait? Yes, I know you are nodding your head.
The hope from the Spurs' perspective is that the Sixers put together some nasty looking offer sheet for the Hawks. They very well could, especially if the 2008-09 cap comes in high.
That still leaves the Warriors. Maybe they're interested in Maggette if they can get him to agree to a low amount (say $35 to 40 mil). Again, they really seem determined to avoid bad contracts for non-star talent these days.
Oh well, I need a drink.