Grizzlies owner Michael Heisley acknowledged his recent involvement in trade discussions regarding All-Star forward Amare Stoudemire and said he rejected the Phoenix Suns? proposal.

?We had conversations,? Heisley said Wednesday, confirming a Yahoo Sports report that Phoenix owner Robert Sarver initiated contact with Memphis. ?But there is no deal on the table. I think they?ll go somewhere else.?

The Suns are said to have asked the Griz to consummate a deal that included forwards Rudy Gay and Hakim Warrick, and point guard Mike Conley.

The likelihood of Stoudemire going to Memphis is slim, but several NBA insiders asserted that Phoenix and Miami would like Memphis to facilitate a deal that would send Stoudemire to join Dwyane Wade. One scenario has the Grizzlies possibly acquiring Heat rookie forward Michael Beasley in the three-way transaction.