The 2007 trade deadline didn't witness any impressive trades.
The Trail Blazers had an attractive expiring contract (Jamal Magloire), but they overestimated its value, making exorbitant demands that didn't yield the returns they wanted.
The Memphis Grizzlies were eager to sell Pau Gasol, but they didn't receive any satisfactory offers. It's fair to say that among the many losers on trade deadline day who weren't able to make a deal, the Grizzlies had the best excuse.
However, their desire to sell Gasol for a high price without willing to part with him easily could make them miss out on some seemingly decent offers. The longer they waited, the lower Gasol's trade value became, until they would eventually be forced to trade him for an offer that infuriated everyone.