Holmes agreed to terms on a one-year deal with the Yankees on Friday, avoiding arbitration.
Holmes broke out in his age-29 season last year, finishing the season with a 2.54 ERA and 1.02 WHIP while recording the first 20 saves of his career. He's the clear favorite to lead the Yankees in saves this season, though the fact that his ERA jumped from 1.31 prior to the All-Star break to 4.84 in the second half makes him a higher-risk option than one might expect when looking at only his season-long numbers.