7:17 p.m.: According to Jeff Passan of ESPN (X-Link), there is an exit option after the second season. Passan confirms that the Mets view Holmes as a starter.

7:15 p.m.; It’s a three-year deal with around $38 million guaranteed, Sherman reports (on X).

7:12 p.m.: The Mets agree with Righty Clay Holmesreports Joel Sherman of the New York Post (X-Link). The deal is still pending. Sherman reported earlier this week that the Mets were considering Holmes as a rotation option. He has been a full-time backup player since his rookie season in 2018.

After three and a half seasons in the Bronx, Holmes travels across the city. Holmes was an inconsistent pitcher for the Pirates between 2018-21. The Yankees were intrigued by his eye-popping groundball stats and acquired him at the 2021 trade deadline. The move didn’t generate much fanfare at the time, but Holmes broke out immediately after donning the pinstripes.

Holmes owned a 4.93 earned run average at the time of the trade and fired 28 innings of 1.61 ERA ball to start his Yankees career. The following season he took over the position of closer from Aaron Boone. Holmes saved 20 games with a 2.54 ERA over 63 2/3 innings to earn his first All-Star nomination in 2022. He was again selected for the Midsummer Classic in a 23 season, where he pitched 63 frames of 2.86 ERA ball, collecting 24 saves.

Holmes had another strong start this year. He did not allow an earned run through 13 1/3 innings through late April. Holmes also had a productive May, although he began to struggle with his command. That was a sign of a somewhat rocky summer. Holmes posted a 3.64 ERA in 30 appearances between early June and late August. Although his production rate wasn’t particularly high, he gave up a lot of leads. In early September, the Yankees replaced him in the ninth inning Luke Weaver. Holmes finished the season in a provider role.

More will follow.