We show that the degenerate sector of Spin(4) Plebanski formulation of four-dimensional gravity is exactly solvable and describes covariantly embedded SU(2) BF theory. This fact ensures that its spin foam quantization is given by the SU(2) Crane–Yetter model and allows to test various approaches of imposing the simplicity constraints. Our analysis strongly suggests that restricting representations and intertwiners in the state sum for Spin(4) BF theory is not sufficient to get the correct vertex amplitude. Instead, for a general theory of Plebanski type, we propose a quantization procedure which is by construction equivalent to the canonical path integral quantization and, being applied to our model, reproduces the SU(2) Crane–Yetter state sum. A characteristic feature of this procedure is the use of secondary second class constraints on an equal footing with the primary simplicity constraints, which leads to a new formula for the vertex amplitude.