The Pacers, Hornets and Grizzlies were very close to finishing a three-team trade involving O.J. Mayo, Brandon Rush and Josh McRoberts with the call logged at 3:01 PM EST, but the Hornets reportedly pulled out.
The Hornets are currently owned by the NBA.
Memphis would have received McRoberts and a first round pick from Indiana.
New Orleans was going to acquire Rush.
A source confirmed to RealGM's Andrew Perna that timing wasn't the issue with the deal, but rather an agreement couldn't be reached.