Lowry's long been intrigued with joining Heat star Jimmy Butler and the Miami organization, and now Miami's maneuvered to have two key elements of a possible sign-and-trade package – Goran Dragic and Precious Achiuwa -- to offer Raptors once talks can ensue at 6 PM, per sources.

ESPN Sources: Once discussions are permitted to begin with the opening of NBA free agency on Monday, the Miami Heat are positioning themselves to become frontrunners to land Toronto's Kyle Lowry in a sign-and-trade agreement:

Chris Paul has until midnight ET to decide on his $44M player option, but there’s optimism that if he does decide against picking it up that he and the Suns can reach a new deal when free agency opens on Monday night, sources tell ESPN.

Kawhi Leonard has declined his $36M player option for next season and becomes a free agent, per source. Now, the expectation is that Leonard will negotiate a new deal to stay with Clippers. ChrisBHaynes first on declining option.

Charlotte is allowing G Malik Monk to become an unrestricted free agent, and extends qualifying offer to make G Devonte Graham a restricted free agent, per team.

*becomes

Brooklyn declined to offer guard Chris Chiozza the qualifying offer, so he comes a free agent, sources tell ESPN.

Portland isn't extending the $7M qualifying offer to Zach Collins, officially making him a free agent, source tells ESPN.

A Dragic sign-and-trade would need to include assets -- such as draft picks and/or young players -- to incentivize Raptors' involvement. TOR could decide to keep Dragic, or work a buyout, save money and allow him to play elsewhere. Free agency starts Monday at 6, it's all fluid.

The Heat's decision to pick up the $19.4M option on Goran Dragic's deal is a possible precursor in utilizing him as part of a potential sign-and-trade with Toronto for Kyle Lowry, sources tell ESPN.