Ronald Tillery of the Memphis Commercial Appeal reports:

Grizzlies rejecting offers for Rudy Gay

The Griz are reluctant to part with players in their rotation, according to a source with knowledge of Heisley’s thinking. Heisley has swiftly rejected any trade offers for Gay. He’s also panned deals for O.J. Mayo because they haven’t presented a significant upgrade over the third-year guard.

Heisley is said to have informed the Grizzlies’ front office that he will no longer sign off on any deals he perceives as cheap, like the failed February transaction that would have sent Mayo to Indiana for forward Josh McRoberts and a first-round pick.

However, the Griz have gauged interest in Mayo, and he appears to be the player most likely to be moved this summer if offers for him improve.