An NBA source said the Celtics were never serious competitors for Memphis swingman Rudy Gay, who was traded in a three-team deal to the Raptors Wednesday.

Boston was rumored to be discussing sending franchise cornerstone Paul Pierce to Memphis in exchange for Gay, whom the Grizzlies had been looking to trade for weeks. According to the source, the Celtics didn’t feel Gay was worthy of franchise-player status, or sacrificing Pierce, who has one more year on his contract that is only partially guaranteed.