The Portland Trail Blazers have traded Allen Crabbe to the Brooklyn Nets for Andrew Nicholson.

The Blazers will waive and stretch Nicholson. According to Bobby Marks, the Blazers will have their luxury tax bill for 17-18 drop from $48.3 million to $4.4 million due to the trade.

Brooklyn signed Crabbe to a four-year, $75 million offer sheet during the 2016 offseason that the Blazers matched. Crabbe has a player option in the 2019 offseason.

Crabbe averaged 10.7 points, 2.9 rebounds and 1.2 assists with a PER of 11.6 in 28.5 minutes per game last season. Crabbe hit 44 percent of his three-point attempts. 

The Brooklyn Nets have signed Yakuba Ouattara to a two-way contract. Per team policy, terms of the deal were not released.

Ouattara (6’3”, 185) spent the 2016-17 season playing for AS Monaco Basket of the French LNB Pro A league. In 32 total games, he averaged 11.8 points on 51.4 percent (147-of-286) shooting from the floor, including a 40.0 percent (40-of-100) clip from beyond the arc, while pulling down 3.3 rebounds in 23.9 minutes per contest. 

A native of Tepa, Ghana, Ouattara has been a member of the French national team because of the unavailability of a Ghanaian national team. The 25-year-old began playing professionally in 2012 and spent two seasons playing for Elan Chalon (2012-14) in the French LNB Pro A league before joining AS Monaco Basket for the past two seasons (2015-17).

The Brooklyn Nets don't anticipate any issues with getting Jeremy Lin and D'Angelo Russell enough minutes and enough time on the ball.

The Nets traded for Russell in June.

“I think Brad Stevens said this the other day: We don’t even look at the roster like 1-2-3-4-5. We have our smalls, our perimeters that can handle the ball. Then we have our wings, then you have your shooting bigs and your rolling bigs. It’s like, I don’t anticipate any problems," said Kenny Atkinson.

"The way we play offense, it’s very conducive to both of them getting enough touches. You look at C.J. McCollum and Damian Lillard — and I don’t want to compare the players — but they end up both playing a ton of point guard. They just stagger the minutes. So believe me, there’s gonna be enough minutes, enough touches for both of those guys.

"I look at it for myself as like, we just got another really good player. Jeremy’s really good, he’s really good. Now it’s up to our coaching staff to figure out how we can use them best.”

Kenny Atkinson coached the Brooklyn Nets in Summer League, which is rare amongst the NBA coaching fraternity as they typically delegate the duties to one of their assistants.

“I think it’s three-fold: One - I think this is a young core we’re trying to build with so I thought that was important," said Atkinson. "If I’m gonna ask them to play — guys like Spencer [Dinwiddie], Rondae doesn’t have to play — if I’m gonna ask them to do it, then I feel like I should be with them. I think this is the best way I can coach them. I can be hands-on, have film sessions. To me, this is kind of like a dress rehearsal. It’s hard to do that just working guys out in the summer and just doing skill work.

"So I think there’s real value [through Summer League] in helping them improve. And I just value Summer League a lot. For a staff, figuring out issues. I think it’s undervalued honestly.

“Lastly, even improving myself. Even [in their July 13 win over the Nuggets], there were 2 or 3 situations where I could have played it better. It’s like I’m taking a test. You’ve really got to have the answer. I obviously don’t have a lot of experience being a head coach. This just gives me more time in a flight simulator.

"And it’s hard to get during the offseason. You get six months off in the offseason. So this gets me back, gets the juices flowing.”

The Washington Wizards have matched the four-year, $106.5 million max contract offer sheet Otto Porter signed with the Brooklyn Nets.

Porter will be the Wizards' highest paid player next season at $24.8 million.

The Wizards now have 15 players signed, 13 with guaranteed contracts. The team’s estimated 2017-18 salary will be $126.1 million, which will be $10.7 million over the luxury tax line.

Elements of the deal include a 15 percent trade kicker, a player option for the fourth year and a wrinkle that half of Porter’s annual salary will be delivered to him by Oct. 1 each year.

The Toronto Raptors have agreed to trade DeMarre Carroll, a future first round pick and a second round pick to the Brooklyn Nets for Justin Hamilton. 

Carroll is owed $30 million over the next two seasons. Carroll previously was coached by Kenny Atkinson when he was an assistant coach with the Atlanta Hawks.

Toronto signed Carroll to a four-year, $60 million deal in 2015. 

With the Raptors re-signing Kyle Lowry and Serge Ibaka this offseason, they had luxury tax issues moving forward.

The Washington Wizards have received Otto Porter's four-year, $106 million offer sheet from the Brooklyn Nets. Porter's deal includes a fourth-year player option and a trade kicker.

The Wizards are expected to match Porter's offer sheet.

Porter also received interest from the Sacramento Kings and Utah Jazz.

Porter emerged over the past few seasons as one of the NBA's most efficient spot-up shooters at the small forward position.

The Brooklyn Nets, Indiana Pacers, Sacramento Kings and Utah Jazz have interest in signing Kelly Olynyk.

The Boston Celtics rescinded their qualifying offer to Olynyk following Gordon Hayward's commitment in order to clear cap space.

Indiana is trying to unload salary in order to sign Olynyk.

Olynyk is one of the better available stretch big men on the open market.

The Brooklyn Nets and Otto Porter have agreed upon a four-year, $106 million offer sheet.

The Washington Wizards will have the ability to match the offer sheet as Porter is a restricted free agent.

Porter also received interest from the Sacramento Kings and Utah Jazz.

The Nets signed Allen Crabbe and Tyler Johnson to major offer sheets last offseason, but they were matched by the Portland Trail Blazers and Miami Heat respectively.

According to David Aldridge, the Wizards intend to match the offer sheet to Porter.

J.J. Redick is receiving interest from the Philadelphia 76ers, Minnesota Timberwolves and Brooklyn Nets in free agency.

Redick has ruled out re-signing with the Los Angeles Clippers.

Redick would have to come off the bench with the Nets behind D'Angelo Russell and Jeremy Lin.