The Toronto Maple Leafs are making a last ditch effort to avoid going to arbitration with forward Peter Holland.

The club has placed the 25-year-old on waivers, according to Sportsnet's Elliotte Friedman.

Holland elected to go to arbitration and is scheduled to have his hearing on July 25. He played a career-high 65 games with the team last season, where despite scoring two fewer goals, he managed a career-best 27 points.

In his last contract, Holland made $1.55 million over two seasons.

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