Pitcher Clay Holmes Inks $38 Million Contract, Securing Future In New York

On January 13, 2023, the New York Yankees and pitcher Clay Holmes agreed on a three-year, $38 million contract extension that includes a club option for a fourth year. This deal cements Holmes’s future in the Bronx and underscores his importance to the Yankees’ bullpen.

A Star on the Rise

Holmes, 29, burst onto the scene in 2021 with the Pittsburgh Pirates, posting a 1.61 ERA in 27 appearances. The Yankees acquired him in a trade that July and he has since flourished in a setup role.

In 2022, Holmes went 4-4 with a 2.86 ERA, 1.10 WHIP, and 94 strikeouts in 72 innings pitched. He was particularly effective against left-handed batters, holding them to a .167 batting average.

Valuable Asset

Holmes brings several valuable qualities to the Yankees’ bullpen. He is a groundball pitcher with a sinker that generates weak contact. He also possesses a sharp slider that he can use to strike out batters.

Holmes’s versatility is also an asset. He can pitch multiple innings and has even started games in a pinch. This flexibility makes him a valuable weapon for manager Aaron Boone.

Financial Implications

The $38 million extension is a significant investment for the Yankees. However, it is a reflection of Holmes’s importance to the team and his potential for continued success.

The deal also fits within the Yankees’ spending plans. They have already committed over $500 million to free agents this offseason, including outfielders Aaron Judge and Andrew Benintendi.

Contract Details

The $38 million extension includes a guaranteed salary of $12 million in 2023, $13 million in 2024, and $13 million in 2025. The Yankees hold a $10 million option for 2026.

If the option is exercised, Holmes’s total earnings over the four-year period will be $48 million. This would make him one of the highest-paid relievers in baseball.

Future Outlook

The signing of Holmes to a long-term deal sends a clear message that the Yankees believe in his ability to be a key part of their bullpen for years to come. He is expected to be a crucial part of the team’s quest for a World Series title in 2023 and beyond.

Holmes is under team control through 2026, which gives the Yankees plenty of time to evaluate his performance and make a decision on whether to exercise his option. If he continues to pitch at a high level, he could be in line for an even more lucrative contract in the future.

Conclusion

The Yankees’ signing of Clay Holmes to a $38 million contract extension is a significant move that underscores his importance to the team. He is a talented pitcher with a bright future, and this deal provides him with the financial security he needs to focus on his career.

The Yankees are betting on Holmes to be a key part of their bullpen for years to come. If he continues to perform at a high level, he will be well worth the investment.