Here is what I think the Heat have to do to keep Wade.
Out of the two players, Odom is definitely more reliable. Boozer has been known to not play defense and miss a lot of the season due to injuries. Also, Odom is more versatile; he can play the small forward and power forward spot, shoot from the perimeter, make energy plays, and play defense.
True, Boozer is a couple years younger, but overall, Odom will probably play quite a bit more games than Boozer because Boozer has injury problems.
But in reality, the Heat need to make some trade, because Boozer isn't someone you would like to offer a long-term contract to because of his injury problems. Odom also isn't someone who would stay long-term due to his age.
Heat fans, face it, the only thing that will get them into the postseason is Wade, and if Pat Riley doesn't make a trade soon, Wade will be gone.
If they do get one of the two, Wade might re-sign, but in a couple years, he will leave, if you like it or not because those two players aren't going to keep a superstar around.
Boozer is a good player, don't get me wrong. But don't expect any good team to sign him long-term.
But the thing is, they don't need to give him an extension if they get him because all they need is one good season out of him. Same with Odom, but I personally might consider keeping Odom for about three years.
Everyone knows about the 2010 free agent class and everyone is trying to land a star player in that class. So to keep Wade, the 2009-10 season is huge. If they do sign one of the two players mentioned then all they need out of them is one good year.
With a healthy Jermaine O’Neal and Boozer, along with Wade, the Heat will be a great team for one year. But it would be just as good with Odom, plus you could offer him an extension.
A successful 2009-10 season is almost guaranteeing a 2010 free agent. With Wade, Michael Beasley, and maybe Mario Chalmers, a young big man would make this team a contender. O'Neal is in the 2010 class, so they will need a better man that can play center.
That is the beauty of Odom; he is cheaper than Boozer and more reliable, so if you offer an extension to him, you have a starting lineup of Chalmers, Wade, Beasley, Odom, and potentially Bosh (if he opts out).
There are some other centers out there, some might opt out, some might not. Yao Ming is one who, if healthy, is a international superstar, or even Tyson Chandler. Someone who isn't a star but would give Miami a needed shot blocker is Marcus Camby.
These all are options for the Miami Heat, and here is what I think they should do:
Get Odom and offer him a three-year contract, then in 2010 try as hard as you can to get Chandler or Bosh. The plus on Chandler is he is cheaper. Look for the Heat to attempt as hard as they can to sign Boozer or Odom.