Holiday averaged 8.5 points as UCLA's shooting guard last year and was rated the No. 1 point guard prospect in the country coming out of high school.
The Sixers had only one scheduled pick in Thursday night's draft.
Here is what ESPN.com has to say about the pick: "Holiday can take a huge sigh of relief. He slipped a bit, not because of his talent, but because of some concerns about a shoulder injury that were just enough to scare some teams away, a la what happened to Danny Granger with mild concerns about his knee a few years ago. This is a great pick for Philly, which gets a lottery talent at 17 and has its point guard of the future."
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