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Holmes signed a three-year, $38 million contract with the Mets on Friday, Joel Sherman of the New York Post reports.

After spending three-plus seasons with the Yankees, Holmes won't have to travel far to join his new squad. The 31-year-old turned in a 3.14 ERA and 1.30 WHIP over 63 innings in the regular season and logged a career-high 30 saves, though he also led the majors with 13 blown saves. With Edwin Diaz locked in as the closer in Queens, the Mets will attempt to convert Holmes into a starter, per Sherman. However, keeping the right-hander in the bullpen as New York's setup man is still on the table if his move into the rotation doesn't work out.

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