The move isn’t altogether surprising. After a breakout in 2018, Holder regressed in 2019, posting a 6.31 ERA.
During his 18 outings in 2020, Holder, 27, sported a 4.98 ERA and a 5.22 FIP.
Conversely, the club avoided arbitration with relievers Luis Cessa and Ben Heller. The club also opted to tender catcher Gary Sanchez, who is due to receive a raise from his present $5 million contract.
Aaron Judge, Gio Urshela, Luke Voit, Chad Green, Gleyber Torres, Clint Frazier, Miguel Andújar, and Jordan Montgomery are among arbitration-eligible players with the ability to negotiate new contracts before Spring Training.