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UPDATE (8:25 PM): The Brooklyn Nets reportedly promised Allen Crabbe a starting position; one that he would prefer to a bench role with the Portland Trail Blazers, according to Jason Quick of CSNNW:
Brooklyn has promised Allen Crabbe he will be a starter. Crabbe wants that role. Does not want to be in Portland if he comes off bench.
— Jason Quick (@jwquick) July 8, 2016
Allen Crabbe has signed a four-year, $75 million offer sheet from the Brooklyn Nets, according to Adrian Wojnarowski of The Vertical.
Sources: Portland RFA Allen Crabbe has signed a four-year, $75M offer sheet with the Brooklyn Nets. Bonuses could reach $83M.
— Adrian Wojnarowski (@WojVerticalNBA) July 8, 2016
Portland has three days to match the sheet on Crabbe, which includes player option for fourth year and trade kicker, sources said.
— Adrian Wojnarowski (@WojVerticalNBA) July 8, 2016
Crabbe is a restricted free agent so his incumbent team, the Portland Trail Blazers, have the option to match the Nets' offer sheet. If the Blazers do match, they will automatically retain Crabbe under terms identical to those offered by Brooklyn.
Portland's Vice President of Basketball Operations Neil Olshey will have three days to decide whether or not to retain Crabbe. Rumors suggest that the Blazers do plan to match offers to Crabbe from other teams.
As explained here, Crabbe's offer from the Nets will not change Crabbe's cap hold on the Blazers' salary ledger unless Olshey opts to match the contract. If the Blazers retain Crabbe, his new contract will count against their cap at the time of acceptance. They have the option to sign other free agents in the meantime before accepting or rejecting Crabbe's new deal.
The Philadelphia 76ers and Sacramento Kings had also previously expressed interest in Crabbe, but no recent reports have linked him to either of those teams. The 76ers were reportedly hesitant to offer Crabbe the four-year contract he desired.
Last season, Crabbe emerged as a solid bench contributor for the Blazers after spending his first two seasons with the team as an afterthought. He averaged 10.3 points, 2.7 rebounds, and 1.2 assists, while shooting 39.3 percent on three-pointers in 26.0 minutes per game. All of those numbers were career highs.
Crabbe also hired a new agent last week.
As free agency gets started, Portland RFA guard Allen Crabbe has changed representation. He hired Aaron Mintz and Ty Sullivan of CAA Sports.
— Adrian Wojnarowski (@WojVerticalNBA) July 1, 2016