Marion's decision adds to draft intrigue for Heat

FORT LAUDERDALE, Fla. — Tuesday's contract deadline came and went without Heat forward Shawn Marion invoking his opt-out clause.

"We did not opt out," agent Dan Fegan confirmed, with the Heat to have been notified only if Marion wanted to test free agency this summer.

As a result, the Heat now holds two of the NBA's biggest trade chips: Marion and the No. 2 pick in Thursday's NBA Draft.

By bypassing the opt-out, Marion will earn $17.8 million next season. However, he now is limited, by salary-cap rules, to a four-year extension from the Heat.

Considering Marion is seeking an extension in the $60 million range, it makes such a package highly unlikely from the Heat, which has placed a priority on creating cap space for the 2010 offseason, when Raptors forward Chris Bosh, Cavaliers forward LeBron James and its own Dwyane Wade could be free agents.

While no trade demand has been issued, dissatisfaction from Marion over his long-term outlook in Phoenix contributed to the Feb. 6 trade that sent him along with guard Marcus Banks to the Heat for center Shaquille O'Neal.

Marion had been off-limits for a trade, by league rule, until his opt-out window closed. At 6 p.m. Tuesday that changed.

Now options with Marion can be explored, possibly those including picks in Thursday's draft. One permutation would be the Knicks' No. 6 pick and guard Stephon Marbury, who holds an expiring contract, for Marion and center Mark Blount.

With the Heat already gauging the trade market for its No. 2 pick, the period leading to its 7:40 p.m. Thursday selection could be the busiest for the franchise in years.

Among those linked to the Heat in trade rumors have been Carmelo Anthony, Mike Miller, Mike Conley, Chris Wilcox and numerous others.

In many ways, the situations with Marion and projected No. 2 pick Michael Beasley are similar, with the Heat seemingly uncertain if either offers value for what would be spent.

With Marion, the concern is offering a lucrative extension for a player not known for creating his own shots. With Beasley, it is spending such a high draft pick on a player with perceived maturity issues.