I won't betray _too_ much of a confidence, but I found from a reliable source that properties pay in the low single-dollar per thousand point range for points (vague enough?

)
If the OP foregoes 100k points, then they might expect a price break in the low hundreds of dollars.
That, along with the pittance normally reimbursed to the properties for award stays, makes MR a profit center for Marriott.