Holland signed a one-year contract with the Rockies that includes a vesting option for a second year, Jeff Passan of Yahoo! Sports reports.

EDGE Analysis

Holland was non-tendered by the Royals at the tail-end of 2015 after undergoing Tommy John surgery, leaving him without an organization in 2016. However, the Rockies decided to take a chance on the former closer with the hopes that he can be a major contributor in the back-end of their bullpen. The right-hander's velocity is down a bit from his days in Kansas City but his strong track record (2.42 ERA, 12.1 K/9, 145 saves in his career) and his groundball tendencies should have him in line to compete for the closer's role during spring training. He faces stiff competition in right-hander Adam Ottavino, as well as left-hander Jake McGee and right-hander Carlos Estevez to some extent, but it's likely that Holland will be in the mix for high-leverage innings even with the high competition.