Holland, 27, was signed by the Boston Celtics late last season on April 11 and made one appearance in the 2016 playoffs. The Celtics waived Holland on Aug. 31 to open up a roster spot.
The Cavaliers are very familiar with Holland as he played for their D-League team, the Canton Charge, last season. Holland played in 37 games and averaged 16 points, 3.1 rebounds and 2.0 assists.
--- Nick Silva