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From:realgm
The Celtics had a deal with the Grizzlies at the deadline that would have centered around Ray Allen for O.J. Mayo and a draft pick.
Doc Rivers went so far as to tell Allen that he had been traded, but called again 20 minutes later to say the deal had fallen apart.
League sources say Danny Ainge was also working on a Paul Pierce to New Jersey trade for Mehmet Okur and a lottery pick.