The Wizards reportedly had been holding out for a team that also would take on one of the bloated contracts belonging to center Brendan Haywood (three years/$16.5 million), guard Antonio Daniels (three/$18.6 million) or forward Etan Thomas (three/$20.6 million) along with Juan Carlos Navarro.

To execute such a deal, the Heat would have to send a player or players due similar salaries for at least next season, such as Jason Williams, Antoine Walker or Udonis Haslem. It's unclear if the Wizards are interested in either Williams or Walker, and the Heat has been reluctant to offer Haslem in the deal.

Navarro, 27, emerged the past two seasons as one of the best European players yet to land in the NBA.