It is reported that Mitch will not participate in any physical activities prior to the draft. The latest ESPN draft has him going #26 to the Heat. What he may lose in terms of lower rookie salary, he could make it up by being on a winning team (better stats and endorsements). Of course, it would suck if James were to leave Heat.
Edit: Obvisouly, I mean for him going forward. It sucked for us, of course.