UPDATE (5:09 PM): Jason Quick of CSNNW reports this from Allen Crabbe's agent, further countering the earlier report of an offer:
As reported by @sam_amick, the Allen Crabbe to Brooklyn for 4 years and $70 million "is not true" according to his agent, Aaron Mintz— Jason Quick (@jwquick) July 4, 2016
UPDATE (4:37 PM): NBA Insider Sam Amick reports that Crabbe's deal with Brooklyn is being refuted and that he does not have a meeting scheduled with the Nets for another few days:
The reported Allen Crabbe offer sheet agreement with Brooklyn is being refuted. He has meetings coming on the 5th, I'm told.— Sam Amick (@sam_amick) July 3, 2016
This does not necessarily mean that Crabbe and the Nets have not already reached an agreement, just that they have not yet held their meeting. It is still quite possible that Crabbe will sign with the Nets on a similar deal.
That doesn't mean Allen Crabbe might not ultimately head to Brooklyn on that kind of number, but he's clearly still listening.— Sam Amick (@sam_amick) July 3, 2016
Portland's prized restricted free agent guard, Allen Crabbe, has agreed to a 4-year, $70 million offer sheet with the Brooklyn Nets, according to established international basketball reporter David Pick.
Pick is a force in international basketball reporting and has a history of breaking news. In addition to his report that the Nets and Crabbe have agreed to an offer-sheet, he adds that the Blazers will not match.
Source: Brooklyn, Allen Crabbe agree 4-year, $70 million deal. Portland will not match.— David Pick (@IAmDPick) July 3, 2016
Pick's scoop is the first known report of a deal between Crabbe and the Nets. He is also the first reporter to deviate from the widely-reported belief that the Blazers will match any offer that comes Crabbe's way. The 4-year, $70 million deal is the same figure that's been reported with the Blazers and unrestricted free agent Evan Turner.
We will update as soon as we get more information.