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Michael Crabtree Raiders contract worth $3 million, with another $2 million incentives, according to reports

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We've got some contract details for Michael Crabtree's deal with the Oakland Raiders. We break down what it means for the comp pick formula.

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Michael Crabtree agreed to terms on a one-year contract with the Oakland Raiders, and is expected to officially sign the deal this week. Numerous sources reported the deal, and then Crabtree confirmed it himself on Twitter. Adam Schefter and Ian Rapoport have both followed up with more details. Schefter reported it as $3 million with $2 million in incentives. Rapoport reported it as $3.2 million with $1.8 million in incentives. I would assume Schefter just rounded for his tweet.

For purposes of the NFL Draft compensatory pick formula, it is my understanding that only the base salary and any signing and roster bonuses are part of the formula. That would mean for the comp pick formula, we're talking about $3 million, not $5 million.

Over The Cap is trying to project the 2016 comp picks. They have their rundown of the picks HERE, but then they also have their cancellation chart HERE. Free agent additions cancel out free agent losses based on where the APY is for their contract. You can read the nitty gritty HERE of what people believe makes up the formula. The NFL does not release that data, so it requires playing around and some measure of speculation.

Based on OTC's projections, the San Francisco 49ers get comp picks for Chris Culliver, Perrish Cox and Dan Skuta. OTC projects a fourth, fifth and sixth for those three. It is kind of crazy to think that Skuta ended up with a sizably bigger deal than Crabtree. I am not stunned given the injuries, but it is still kind of crazy. I don't think many would have take a bet at the start of the season on that happening.