According to David Aldridge of TNT, any S&T with Miami will involve picks, cash and a traded player exception. No players.

http://twitter.com/daldridgetnt/status/18003913736

Ken Berger is reporting "progress" on a trade:

http://ken-berger.blogs.cbssports.co...38893/23069546

The Raptors and Heat are "progressing" toward a sign-and-trade arrangement to facilitate Chris Bosh's desire to join Dwyane Wade in Miami, a person with knowledge of the talks told CBSSports.com Wednesday night.

The most likely scenario, according to the source, would send draft picks and massive trade exception to Toronto -- but not Michael Beasley. The former No. 2 pick, whom the Heat want to trade to create more cap space for a third max signing as they try to lure LeBron James, has been included in some of the potential deals discussed. But Toronto has been decidedly cold on the notion of taking Beasley in a trade for Bosh.

"It's not likely," the person with knowledge of the discussions said.

The Raptors would get back the 2011 first-round pick they previously traded to Miami, plus additional future picks and a trade exception they would then use to acquire a player without sending back comparable salary. The Heat only have one other player on their roster to trade, point guard Mario Chalmers.