The Memphis Grizzlies have held preliminary trade talks over the past few weeks centered on Rudy Gay, according to sources.

John Hollinger and Jason Levien have recently joined the Grizzlies' front office, while Chris Wallace's level of influence on personnel decisions is unclear.

Gay signed an $84 million contract in 2010 and is making $16.4 million this season.

Gay's name also surfaced in trade rumors before the 2012 NBA Draft.