Cavs Waive Chris Crawford, Stephen Holt

The Cavs announced that they have waived guards Chris Crawford and Stephen Holt.  The Cavs’ roster now stands at 16.

Crawford appeared in five preseason games for the Cavs, averaging 2.4 points and 1.6 assists in 7.6 minutes per game.  Cleveland signed Crawford late last month to a one-year, non-guaranteed pact.  The Memphis product, who was with the Rockets in summer league, averaged just 8.7 PPG as a senior after putting up 10.4 PPG in his junior season.

Holt’s release was expected as David Pick of Eurobasket.com reported yesterday that he was headed to the Cavs’ D-League affiliate.  Holt, also signed in late September, played in two preseason games and averaged 3.0 points in 2.3 minutes per game.  The 23-year-old went undrafted out of Saint Mary’s back in 2012 after averaging 10.8 PPG, 4.2 RPG, and 2.4 APG for his collegiate career.

This marks the second time in the past few weeks that the Cavs have waived Crawford.  The guard was waived to make room for the club’s acquisition of Keith Bogans and collected on his $20K partial guarantee.  When Bogans was traded to the Sixers, he was then re-signed to the non-guaranteed deal that was terminated today.

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