The deadline passed Monday for a potential ownership group led by two former Duke players to purchase control of the Grizzlies, and Michael Heisley, the team's majority owner, said he's open to other offers.

The failure of Brian Davis and Christian Laettner to meet the deadline was not a surprise. The group's offer seemed to be in trouble weeks ago. Heisley said in a press conference before Monday night's game between the Grizzlies and the Suns, that he had not talked to Davis, the group's leader, but Heisley was already aware the deal would not be finalized in time.