Memphis Grizzlies owner Michael Heisley said he's taken the team off the market but would still sell if the right buyer came along.

"If somebody comes in and throws -- and I'll just use a figure, $400 million -- down, and there's a check for $400 million, and I call the bank and there's $400 million there, I'm gone," Heisley told The Commercial Appeal newspaper Thursday.

But, he added, "Right now, there's going to be no active solicitation of bids."