Moore-Gibson-Thompson (MGT) is an equation which appropriately describes the spread of sound waves in gasses and fluids as well as thermal/mechanical waves in elastic bodies. The objective of this article is to theoretically analyze the generalized thermoelasticity models that have been presented as the development of the Fourier's law dealing with the paradox of unlimited propagation velocities of thermal waves. For this purpose, a new model is presented which combines the third type of Green and Naghdi model (GN-III) with the generalized theory including the relaxation time based on the MGT equation. The proposed model may be considered as a generalization of previous thermoelastic theories. To examine the introduced approach, the behavior of thermoelastic waves within a homogeneous isotropic sphere in which its surface is exposed to thermal shock with varying heat source is investigated. The variations in different physical fields of a given substance have been computed by means of Laplace transform technique and an efficient numerical technique is implemented in Laplace inversion procedure. The effect of different forms of heat source are also examined and several comparisons for various thermoelasticity approaches are comprehensively conducted.