Yes, deray is in the scrabble dictionary

...and is worth 8 points by itself.

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Deray Definition

noun

Disorder; merriment.

from the GNU version of the Collaborative International Dictionary of English

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Top Words by points	Points
rayed	9

2 letter words with DERAY	Points
ae	2
ye	5
ya	5
re	2
er	2
ed	3
de	3
ay	5
da	3
ad	3
ar	2

3 letter words with DERAY	Points
rye	6
rya	6
red	4
ray	6
rad	4
era	3
ear	3
are	3
aye	6
yar	6
yea	6
dye	7
dry	7
dey	7
day	7

4 letter words with DERAY	Points
yard	8
yare	7
year	7
eyra	7
read	5
dyer	8
dray	8
dear	5
dare	5
aery	7

5 letter words with DERAY	Points
rayed	9
ready	9
deray	9
deary	9

Found 40 words in 0.15005 seconds