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.