Blazers trade Allen Crabbe in salary dump

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The Portland Trail Blazers have traded Allen Crabbe to the Brooklyn Nets in a move designed to lower the team’s financial burden.

Portland has traded Crabbe to the Brooklyn Nets for forward Andrew Nicholson. The move was reported Tuesday by ESPN’s Adrian Wojnarowksi.

Crabbe averaged 10.7 points, 2.9 rebounds, 1.2 assists for the Blazers last season as the team’s third guard behind Damian Lillard and CJ McCollum. He shot 44.4 percent from beyond the 3-point line, second-best in the NBA.

Crabbe will make $19.3 million next season. Trading him lowers Portland’s luxury tax bill from $48 million to less than $5 million.

Nicholson, who averaged 2.6 points and 1.6 rebounds last season, is unlikely to play for the Blazers. According to Wojnarowksi, Portland plans to waive him and stretch his $6.7 million salary hit across the next seven seasons.

The deal comes a year after the Nets offered Crabbe a four-year, $75 million deal as a restricted free agent. The Trail Blazers matched that offer.

“Allen has been a model teammate on the court and ambassador for the organization off the court,” Blazers President of Basketball Operations Neil Olshey said in a statement. “He will be missed by all of us who shared the last four seasons with him.”

Crabbe, 25, was the 31st pick in the 2013 draft by Cleveland but was immediately dealt to Portland. He was a former Pac-12 Player of the Year at California.