BY STEPHEN F. HOLDER AND ISRAEL GUTIERREZ, [email protected]

Darius Rice will get a second chance Monday.


After being bypassed in Thursday's NBA draft, the University of Miami standout will be back in town this weekend to join the Heat's summer-league team, with one eye looking toward an invitation to camp in the fall.
Players invited to summer camp are offered no assurances -- only a per diem and a hotel room.


"We stayed up about all night trying to get over [not being drafted]," Darius' father, Tom, said Friday. "We just tried to comfort him and we comforted each other. It really hurt. But I know he's going to go down there and play hard. He knows it's a dog-eat-dog world, and he's going to work."


For the Rice family, Thursday was a night of many regrets. Rice wishes he had come out of school earlier instead of staying at UM for four years. He averaged 16.9 points and 6.4 rebounds last season.


"If we had to do it all over again, we'd have decided to go earlier," Tom Rice said. "We'd have went maybe right out of high school. It doesn't pay to go to college anymore."


The other members of the Heat's summer-league team are Will McDonald (South Florida), Marcus Moore (Washington State), Marque Perry (NBDL), Phillip Gilbert (Bradley), Melvin Sanders (Oklahoma State), Andy Ellis (Texas Tech) and the draft picks selected Thursday -- Dorell Wright, Albert Miralles and Matt Freije.


Nonrookies include Ron Hale, Smush Parker and current Heat players Jerome Beasley and Wang Zhi-Zhi. The roster is subject to change. Camp begins Monday, with the team scheduled to participate in the Orlando Magic's summer league July 5.


EXTENSIONS SET


Heat president Pat Riley said Heat coach Stan Van Gundy and GM Randy Pfund agreed to terms on multi-year contract extensions and the deals could be finalized as early as Monday.


THE REAL DEAL


Riley said he traded second-round pick Pape Sow and a 2005 second-rounder to Toronto for Albert Miralles because he and his scouting personnel were intrigued by the 6-10 forward.


"When we brought him in for a workout the other day, he convinced me [he] really was a player," Riley said.


Miralles could play overseas next season, with the Heat holding his rights until the following year.


Riley also said the team will extend a qualifying offer to restricted free agent Rasual Butler, giving the Heat the right to match any outside offer.


ELSEWHERE


• Rockets: Guard Steve Francis has dropped his objections about being traded to Orlando, possibly paving the way for Houston to acquire Tracy McGrady.


Herald wire services contributed to this report.