A day after Browns cornerback Daven Holly suffered what was described as a “serious” knee injury, Holly has been waived, and eventually will be placed on injured reserve.

Before being waived, Holly signed his one-year restricted free agent tender.  After he clears waivers, he’ll land on the team’s injured reserve list, which will entitle him to his full salary for the 2008 season.

Because he has been waived, he’ll likely be eligible to sign with any team after the 2008 season.  But his 2009 market value disappeared along the ligament(s) in his knee.