Shams Charania of The Athletic and Stadium reported the news, noting that Paul has a mutual interest in Miami. The Heat would have to find the right level of matching salaries to acquire Paul, who will make $38.5 million this season.
The Oklahoma City Thunder and Paul appear to be resigned to open the season in what amounts to an NBA arranged marriage after the point guard came over in a trade that sent Russell Westbrook to the Houston Rockets.
OKC seems to have no long-term plans to push for a championship in CP3's dimming twilight, and Paul undoubtedly views his time with the Thunder as a stopgap before joining a team with playoff/title aspirations.
How the two sides ultimately divorce remains to be seen. The best bet is that all parties will wait until at least Dec. 15, the first day players who signed contracts this summer can be traded. That opens up far more salary-matching opportunities in a potential deal, along with adding suitors beyond Miami.
It's also possible that Paul will have to play the entire 2019-20 season with the Thunder, proving his value and health before finding a more viable landing spot next summer. The potential for a buyout, which is yet to be broached, is more palatable with two years remaining on his contract (2021-22 player option).
The Heat made their intentions known this offseason by acquiring Jimmy Butler. Whereas Miami's capped-out roster and lack of elite young talent made it seem like a prime candidate for a rebuild, team president Pat Riley instead decided to retool around Butler by handing him a max contract.
A Paul-Butler combo isn't what it would have been three seasons ago, but it's still enough to garner top-four seeding consideration in a weak East.