On Saturday, the Cleveland Cavaliers announced they waived 24-year-old point guard Isaiah Taylor. The Cavs confirmed their decision in an official press statement.

Taylor’s release was announced shortly after the Cavs parted ways with forward Bonzie Colson, guard Kobi Simmons, and forward-center Emanuel Terry.

After signing a one-year, non-guaranteed deal with the Cavs in August, the 6-foot-3 Taylor appeared in three preseason games for Cleveland. He averaged 4.7 points and 2.3 assists in 16.8 minutes per game while shooting 35.3 percent from the field.

A speedy point guard with solid court vision, Taylor made a strong impression on Cavs head coach Tyronn Lue in his short time with the squad. However, with the news that he’ll miss a month’s worth of action as he recovers from a stress fracture in his lower left leg, his prospects of remaining on the roster took a significant hit.

He had relatively solid performances in his last two preseason games and impressed with his two previous seasons in the NBA G-League with averages of 21.0 points and 6.6 assists per game. He even shot 45.6 percent from three-point range.

Taylor tallied 6.6 points and 3.1 assists in 67 appearances for the Atlanta Hawks last season. In his nine starts for the team, however, he averaged 13.2 points and 5.6 assists.

It would have made sense if the Cavaliers wanted to keep Taylor as the third point guard but there were too few moments in the preseason when Taylor looked like he belonged on the team.

While Cleveland is still in need of a third-string point guard, they could also use depth at power forward. It’s possible that with other teams trimming down their rosters, a player is released that the Cavs have admired from afar.

It’s equally possible that Cleveland holds off on signing another player, keeping the roster spot open to cut back on spending or to save it in the event that they are in position for a playoff run and could use the veteran depth.

The Cavaliers’ roster now stands at 14 players, excluding two-way signings John Holland and Billy Preston.