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ALLEN CRABBE SIGNS $75 MILLION OFFER SHEET, GIVING BLAZERS THREE DAYS TO MATCH

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Bill Streicher-USA TODAY Sports

They're going for broke.

The Nets have signed Allen Crabbe, the 6'6" Portland shooting guard ,to a four year, $75 million offer sheet, daring the Blazers to match.  Like their offer to Tyler Johnson earlier Thursday, the Crabbe offer must be matched within three days or the 24-year-old becomes a Net.

As per usual, Adrian Wojnarowski broke the story....

NetsDaily has confirmed the report.

The money in both offer sheets is fully guaranteed with the final year a player option.  Crabbe's deal also includes a trade kicker.

Jason Quick of the Comcast Sports Net said Crabbe wants to start and there's no room for him Portland.

Unlike the Johnson offer sheet, the Crabbe deal does not contain a '"poison pill," a big payout in the third and fourth year.  It appears to be a straight four year deal, meaning an annual salary of $18.75 million.  If the Heat and Blazers fail to match, the Nets would be within a few million dollars of the $94 million salary. cap.  Before the Johnson and Crabbe offers, Brooklyn had a little more than $33 million in cap space.  The two deals would eat up about $30 million of that total.

Sean Marks and Nets ownership believe that they need to make up for the draft picks given up during the Billy King era by finding young players with talent who fit the team's new culture.  And Mikhail Prokhorov and Dmitry Razumov are fully on-board. If they have to overpay, take risks, so be it.

The offer sheet comes the same night as news that the Blazers have signed Festus Ezeli to two-year, $16 million contract.  The immediate reaction was that the Blazers ownership would have enough money left to sign Crabbe, Meyers Leonard and Maurice Harkless. But that analysis was based on an offer sheet of $70 million.