Holland was waived by the Cavaliers on Thursday, Adrian Wojnarowski of ESPN reports.
Holland was let go by the Cavs after appearing in just one game during garbage time this season. Andrew Harrison was brought in to replace Holland on Cleveland's roster.
Holland registered 23 points (8-12 FG, 4-7 3Pt, 3-5 FT), two rebounds, one steal and one block across 29 minutes during the Cavaliers' 82-68 win over the Raptors in a Las Vegas Summer League quarterfinal-round contest Sunday.
The 29-year-old logged his first 24 games of regular-season action in the 2017-18 campaign, averaging just 7.3 minutes. He hadn't been able to do much in Las Vegas to further his case before Sunday, however, as he'd come in averaging just 5.6 points, 2.4 rebounds, 1.4 assists and 1.0 steal across 25.2 minutes over five games. His team-high scoring total and stellar shooting percentage against the Raptors was, therefore, a pleasant surprise, but it may not be enough to earn Holland a chance to continue proving his worth in training camp. If it isn't, he ultimately could find himself back with the G-League's Canton Charge, where he averaged 18.8 points, 3.9 rebounds, 2.9 assists and 1.6 steals across 34.2 minutes over 23 games. He'll have at least one more chance to make an impression for the time being now that he's helped Cleveland advance to the semifinal round.
Holland (shoulder) is expected to suit up and play in Friday's game against the Hawks, Dave McMenamin of ESPN.com reports.
Holland has been out since Dec. 15 with a left shoulder subluxation, but appears to be back to full strength after logging 37 minutes for the G League's Canton Charge on Monday. The Cavaliers shipped out six players at the trade deadline and all of the four players obtained in corresponding moves likely won't be ready to play just yet. That should leave some playing time to fill off the bench, which is where Holland should come in. Look for Holland to get a handful of minutes, though it won't be enough to warrant any sort of usage in fantasy leagues or DFS contests.
Holland suffered a left shoulder subluxation in Wednesday's G-League game and is out 4-to-6 weeks.
Holland has spent most of his rookie season in the G-League with the Canton Charge, but he has appeared in three games with the Cavaliers this season. He's expected to remain with the Charge while he rehabs the shoulder injury.
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