The Sixers parted ways with one Holiday in a draft-night deal, sending Jrue Holiday to the Pelicans in exchange for Nerlens Noel and a 2014 draft pick. Now, the 76ers have cut ties with Jrue's brother, Justin Holiday. According to RealGM's transactions log and Eric Pincus of HoopsWorld (via Twitter), Philadelphia has released the elder Holiday.
Holiday, 24, appeared in just nine games for the Sixers after being signed by the team late last season. Prior to signing with Philadelphia, Holiday spent time in training camp with the Cavaliers and Trail Blazers, then joined Portland's D-League affiliate, the Idaho Stampede, for most of the year. The University of Washington product averaged 17.3 PPG in 47 D-League contests.
Per Mark Deeks of ShamSports.com, Holiday's 2013/14 salary wasn't set to become fully guaranteed until January 2014, but he would have been owed a guaranteed $50K had he remained on the roster past August 15th. By waiving him before then, the Sixers avoided taking a cap hit for any part of his salary.
Removing Holiday's minimum salary from their books also takes the Sixers even further below the salary cap line, and the minimum payroll threshold. As I noted last week, Philadelphia will have to add plenty of additional salary to the books for 2013/14 if they intend to reach the league's salary floor.