The Brooklyn Nets have traded forward Andrew Nicholson to the Portland Trail Blazers for guard Allen Crabbe, ESPN’s Adrian Wojnarowski reported Tuesday.
Portland has traded Allen Crabbe to Brooklyn for Andrew Nicholson, league sources tell ESPN.
— Adrian Wojnarowski (@wojespn) July 25, 2017
The trade comes one year after the Nets originally tendered an offer sheet to Crabbe. The deal was a four-year, $75 million offer sheet that Crabbe signed prior to it being matched by Portland.
Now, Crabbe has ended up in Brooklyn after all, with the Nets taking on the contract dump from Portland. As for Nicholson, the Trail Blazers plan to waive and stretch his contract.
Portland will waive and stretch Nicholson's contract, league source tells ESPN.
— Adrian Wojnarowski (@wojespn) July 25, 2017
Crabbe will cost the Nets roughly $18 million next season, and he’s signed through the 2018-19 season, including a player option in 2020. With Nicholson’s $6 million contract off the books, Crabbe’s contract does not take as hard of a hit on Brooklyn.
Additionally, Crabbe waived his trade kicker that would have paid him $5.6 million over the next two years, Wojnarowski reports.
Sources: Crabbe waiving trade kicker. Also: Portland, Nets had to wait one year from matching of Crabbe's $75M offer sheet to execute deal. https://t.co/1gmXcLPYTF
— Adrian Wojnarowski (@wojespn) July 25, 2017
During the 2016-17 season, Crabbe averaged 10.7 points per game on 46.8 percent shooting from the field. He also averaged 44.4 percent shooting from three over 79 games played.
Crabbe now has the chance to be a starter and flourish in Brooklyn’s backcourt of Jeremy Lin and D’Angelo Russell.