Holmes agreed to a one-year, $1.1 million contract with the Yankees on Tuesday to avoid arbitration, Mark Feinsand of MLB.com reports.
Holmes was acquired by the Yankees from the Pirates ahead of the 2021 trade deadline, and he's now officially under contract for the upcoming campaign. The right-hander appeared in 25 games for New York last year and had a 1.61 ERA, 0.79 WHIP and 34:4 K:BB across 28 innings.