As is usually the case, the Leafs' first arbitration hearing -- slated to occur today -- didn't even happen. Peter Holland and the Leafs agreed to a contract before they even got to the table.
Per James Mirtle, the deal is one-year for $1.3 million:
Peter Holland signs for $1.3-million with Leafs. One-year deal. No arbitration.
— James Mirtle (@mirtle) July 25, 2016
This contract represents a decent raise from Holland's previous contract, a two-year deal with a $775,000 AAV signed in 2014. It also ends a tumultous weekend for Holland, who was placed on waivers on Friday afternoon and cleared the following day.