NEW YORK — To trade or not to trade the No. 2 pick in Thursday's NBA Draft?

Heat executives have said they will listen to offers. Whether the team pulls the trigger and possibly unloads projected second-overall pick Michael Beasley remains to be seen. This much is certain: The phones have been ringing in the Heat's front office as other teams try to move up in the draft.

But don't expect a deal between the Heat and the Bulls involving guard Dwyane Wade and the No. 1 pick.

"When is the first pick traded?" Bulls general John Paxson said to reporters Tuesday in Chicago. "It just doesn't happen."

But that hasn't stopped the trade rumors from swirling.

The Heat is linked to several possible deals, including sending Wade to Chicago for the No. 1 pick, second-year forward Tyrus Thomas and veteran shooting guard Larry Hughes; drafting Beasley and shipping him and center Mark Blount to Seattle for the No. 4 pick and forward Chris Wilcox; or dealing Beasley and Blount or guard Daequan Cook to Memphis for the No. 5 pick, forward Mike Miller and either guard Kyle Lowry or Mike Conley Jr. Memphis officials apparently have no interest in parting with Conley.

'ACTIVE TRADE MARKET'

No matter what the Heat decides, there likely will be deals involving at least a handful of teams Thursday. Draft night has become the league's version of Deal or No Deal.

"I think it will be a very active trade market," Memphis general manager Chris Wallace said recently. "Whether things get done or not, that remains to be seen. Most deals are talked about, but few are consummated. I wouldn't be surprised to see some movement."

There have been at least 15 trades in the past two years. Last year, Boston began its major offseason makeover by acquiring Ray Allen from Seattle in a five-player, draft-night deal.

The Heat apparently is re-examining its options with the second overall pick. ESPN reported Tuesday night that Southern Cal guard O.J. Mayo worked out for the Heat in Miami on Tuesday. The Heat, which had previously released the names of prospects who visited the team for workouts, did not do so with Mayo on Tuesday. The team also worked out Arizona guard Jerryd Bayless, according to the ESPN report. Heat president Pat Riley and general manager Randy Pfund were not available Tuesday night, and team representative Tim Donovan did not return a message seeking comment.