Shawn Marion and the Heat plan to resume negotiations this weekend regarding a possible contract extension, according to The Miami Herald.

The deadline for Marion to opt out of the final year of his contract is looming as he must notify the league by Tuesday.

He is owed $17.8 million next season, and if he opts out, he would become an unrestricted free agent on July 1. Miami and Marion have been in negotiating on-and-off for nearly a month.