Grizzlies majority owner Michael Heisley called "ridiculous" a recent report and/or any notion that the organization won't seek fair value for Pau Gasol in order to slice payroll.

Heisley reacted Tuesday to last weekend's Los Angeles Times article that suggested Heisley told team president Jerry West to lower his asking price for the 7-foot Spaniard.

"It's pure B.S.," Heisley said. "There's absolutely no truth to that statement at all."