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The New York Yankees‘ bullpen, after posting the lowest ERA in the majors in 2023, is a very different group this season. Key players departed over the winter, replaced by relatively obscure newcomers, while others are out early with injuries. A decline would’ve made sense.

But the Yankees’ relief corps is again among the best in the sport, with the second-highest Win Probability Added and second-best ERA in the majors. The anchor is the most prominent holdover: Clay Holmes, the only qualified reliever yet to surrender an earned run in 2024.

With the Yankees off to a 27-15 start, fueled in part by their standout bullpen, Holmes just might be the best closer in baseball.

“STUD — all capital letters there,” Yankees reliever Luke Weaver said.

Holmes, in his second full season as New York’s closer, has registered 21 strikeouts with three walks in 17⅓ innings and leads the American League with 12 saves. And ask anybody in the Yankees’ clubhouse: Holmes’ performance in Baltimore earlier this month is still a talker.

The Yankees, six outs from victory, were nursing a 2-0 lead after falling to the Orioles in the first two games of the four-game series. A third straight loss to their chief competition for the American League East would be as backbreaking as it gets on May 1. The first two Orioles reached base in the bottom of the frame. Moments later, with one out and the top of the Orioles’ order looming, Yankees manager Aaron Boone summoned Holmes for a five-out save. What followed was an electric, eye-popping performance.

Holmes struck out Gunnar Henderson, named the American League Player of the Month two days later, with a pair of sharp sliders and a 97 mph sinker. He then whiffed Adley Rutschman, the Orioles’ All-Star catcher, on two hard sinkers over the plate, followed by a slider that nearly dropped Rutschman to a knee. Crisis averted. Holmes then kept the middle of the Orioles’ explosive lineup scoreless in the ninth to secure the victory.

“That’s about as nasty as it gets,” Orioles manager Brandon Hyde said after watching the display. “When you’re throwing 97 mph bowling balls with a slider, it’s going to be tough to score against.”

Veteran catcher Jose Trevino was around for Holmes’ All-Star season in 2022. He has caught some of Holmes’ most dominant outings. But that was the best he has ever seen from the closer.

“And I told him that,” Trevino said.

Now in his fourth season with the Yankees, Holmes has the second-highest ERA+ ever for a Yankees reliever with at least 160 appearances — behind only Mariano Rivera. He was an All-Star in 2022, snatching the closer job from Aroldis Chapman midseason. He was effective again in 2023, his first full season in the role, with a 152 ERA+ in 66 appearances.

But he has been even better in 2024. And with Holmes starring at the back end, the Yankees’ bullpen boasts a 2.69 ERA, trailing only the Cleveland Guardians, even after a near meltdown Sunday against the Tampa Bay Rays. All this despite the significant year-over-year turnover.

Michael King, the Yankees’ shutdown multi-inning weapon last season, was traded as part of the package for Juan Soto. Wandy Peralta, their best left-hander in 2023, is also in San Diego, after signing a four-year deal with the Padres in free agency. The hard-throwing Jonathan Loáisiga underwent season-ending elbow surgery after three appearances last month. Tommy Kahnle, currently on a minor league rehab assignment, has yet to throw a pitch in the majors this year.

The Yankees acquired left-handers Caleb Ferguson and Victor González from the Dodgers during the offseason. They signed Dennis Santana, on his fourth team in four years, to a minor league deal. They converted Weaver, a 30-year-old former first-round pick, from starter to reliever.

Ian Hamilton, one of the few relievers from 2023 still on the roster, had allowed eight earned runs in 15 appearances over three seasons when he signed with the Yankees before the start of last season. The 28-year-old right-hander was a revelation, recording a 2.64 ERA with 69 strikeouts in 39 games.

“There’s a lot of reassurance, of showing what we do can get people out all the time,” Hamilton said of the Yankees’ coaching staff. “It sounds ridiculous, but then [there’s] the Yankee Effect. When you’re in the bullpen here, you just want to perform, and you want to show off for the Yankees. It doesn’t make it easy, but that motivation is like always here. There’s always that drive.”

Boone credited the Yankees’ front office for its ability to identify undervalued arms and maximize their abilities. The expertise has produced bullpens that have finished in the top five in ERA over the past three seasons. Nobody embodies the organization’s knack for bullpen construction better than Holmes.

The Yankees acquired the 6-foot-5 right-hander from the Pittsburgh Pirates in July 2021 for infielders Diego Castillo and Hoy Park. Holmes had a 4.93 ERA in 42 innings that season at the time of the trade. He owned a 5.57 career ERA over parts of four seasons. Nothing indicated dominance was around the corner.

“We feel like he’s going to be a guy that is already very tough on righties,” Boone said at the time, “but we feel like he has the stuff and the repertoire to go to another place.”

The Yankees had Holmes ditch his curveball for a sweeper to complement his sinker and gyro slider. The sweeper, a slider with a bigger break, plays better against right-handed hitters. The gyro slider, a harder offering, is more effective against lefties. He allowed just five runs in 25 outings to close the regular season.

Three years later, Holmes has yet to give up a hit on either of his sliders while posting the second-highest ground ball rate (71.1%) among qualified relievers behind a devastating sinker averaging 96.3 mph. He has a 61.5% whiff rate on the 34 sweepers he has thrown — all to righties — with six strikeouts. His gyro slider ranks as the best slider in the majors, according to the stat Run Value/100 Pitches.

“A lot of it for me is nailing my direction,” Holmes said. “I’m able to just move down the mound faster and I just think it helps my body move a little better. Just kind of knowing my lanes, the direction I need to get going. It’s a product of me just moving down the mound better. It frees up my arm. The stuff moves from that.”

Holmes’ only blemish so far this season came after shortstop Anthony Volpe‘s error on a routine play led to three unearned runs in the 10th inning of a win over the Arizona Diamondbacks on April 3. On Friday, the Rays nearly ended his scoreless innings streak, but he escaped a bases-loaded jam with his third strikeout of the inning, closing out a 2-0 win and keeping his 0.00 ERA.

“Clay’s pretty much the same person every day: Calm,” Hamilton said. “He’s ready to get put in the game pretty much any day. However many times it takes.”

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Giants sell 10% stake to private equity firm

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Giants sell 10% stake to private equity firm

The San Francisco Giants have sold a reported 10% stake in the team to private equity firm Sixth Street.

The team confirmed the deal Tuesday but not the amount of the investment, which was first reported Monday by the New York Times.

Sportico places the value of the franchise and its team-related holdings at $4.2 billion.

Sixth Street’s investment, reportedly approved by Major League Baseball on Monday, will go toward upgrades to Oracle Park and the Giants’ training facilities in Scottsdale, Arizona, as well as Mission Rock, the team’s real estate development project located across McCovey Cove from the ballpark.

Giants president and CEO Larry Baer called it the “first significant investment in three decades” and said the money would not be spent on players.

“This is not about a stockpile for the next Aaron Judge,” Baer told the New York Times. “This is about improvements to the ballpark, making big bets on San Francisco and the community around us, and having the firepower to take us into the next generation.”

Sixth Street is the primary owner of National Women’s Soccer League franchise Bay FC. It also has investments in the NBA’s San Antonio Spurs and Spanish soccer powers Real Madrid and FC Barcelona.

“We believe in the future of San Francisco, and our sports franchises like the Giants are critical ambassadors for our city of innovation, showcasing to the world what’s only made possible here,” Sixth Street co-founder and CEO Alan Waxman said in the news release. “We believe in Larry and the leadership team’s vision for this exciting new era, and we’re proud to be partnering with them as they execute the next chapter of San Francisco Giants success.”

Founded in 2009 and based in San Francisco, Sixth Street has assets totaling $75 billion, according to Front Office Sports.

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Ohtani ‘nervous’ in Tokyo but gets 2 hits, runs

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Ohtani 'nervous' in Tokyo but gets 2 hits, runs

TOKYO — Shohei Ohtani seems impervious to a variety of conditions that afflict most humans — nerves, anxiety, distraction — but it took playing a regular-season big-league game in his home country to change all of that.

After the Los Angeles Dodgers‘ Opening Day 4-1 win over the Chicago Cubs in the Tokyo Dome, Ohtani made a surprising admission. “It’s been a while since I felt this nervous playing a game,” he said. “It took me four or five innings.”

Ohtani had two hits and scored twice, and one of his outs was a hard liner that left his bat at more than 96 mph, so the nerves weren’t obvious from the outside. But clearly the moment, and its weeklong buildup, altered his usually stoic demeanor.

“I don’t think I’ve ever seen Shohei nervous,” Dodgers manager Dave Roberts said. “But one thing I did notice was how emotional he got during the Japanese national anthem. I thought that was telling.”

As the Dodgers began the defense of last year’s World Series win, it became a night to showcase the five Japanese players on the two teams. For the first time in league history, two Japanese pitchers — the Dodgers’ Yoshinobu Yamamoto and the Cubs’ Shota Imanaga — faced each other on Opening Day. Both pitched well, with Imanaga throwing four hitless innings before being removed after 69 pitches.

“Seventy was kind of the number we had for Shota,” Cubs manager Craig Counsell said. “It was the right time to take him out.”

The Dodgers agreed, scoring three in the fifth inning off reliever Ben Brown. Imanaga kept the Dodgers off balance, but his career-high four walks created two stressful innings that ran up his pitch count.

Yamamoto rode the adrenaline of pitching in his home country, routinely hitting 98 with his fastball and vexing the Cubs with a diving splitter over the course of five three-hit innings. He threw with a kind of abandon, finding a freedom that often eluded him last year in his first year in America.

“I think last year to this year, the confidence and conviction he has throwing the fastball in the strike zone is night and day,” Roberts said. “If he can continue to do that, I see no reason he won’t be in the Cy Young conversation this season.”

Cubs right fielder Seiya Suzuki went hitless in four at bats — the Cubs had only three hits, none in the final four innings against four relievers out of the Dodgers’ loaded bullpen — and rookie Roki Sasaki will make his first start of his Dodger career in the second and final game of the series Wednesday.

“I don’t think there was a Japanese baseball player in this country who wasn’t watching tonight,” Roberts said.

The Dodgers were without Mookie Betts, who left Japan on Monday after it was decided his illness would not allow him to play in this series. And less than an hour before game time, first baseman Freddie Freeman was scratched with what the team termed “left rib discomfort,” a recurrence of an injury he first sustained during last year’s playoffs.

The night started with a pregame celebration that felt like an Olympic opening ceremony in a lesser key. There were Pikachus on the field and a vaguely threatening video depicting the Dodgers and Cubs as Monster vs. Monster. World home-run king Saduharu Oh was on the field before the game, and Roberts called meeting Oh “a dream come true.”

For the most part, the crowd was subdued, as if it couldn’t decide who or what to root for, other than Ohtani. It was admittedly confounding: throughout the first five innings, if fans rooted for the Dodgers they were rooting against Imanaga, but rooting for the Cubs meant rooting against Yamamoto. Ohtani, whose every movement is treated with a rare sense of wonder, presented no such conflict.

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Cardinals shortstop Winn out with wrist soreness

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Cardinals shortstop Winn out with wrist soreness

JUPITER, Fla. — St. Louis Cardinals shortstop Masyn Winn was scratched from the lineup for their exhibition game on Tuesday because of soreness in his right wrist.

Winn was replaced by Jose Barrero in the Grapefruit League matchup with the Miami Marlins, with the regular-season opener nine days away. Winn, who was a 2020 second-round draft pick by the Cardinals, emerged as a productive everyday player during his rookie year in 2024. He batted .267 with 15 home runs, 11 stolen bases and 57 RBIs in 150 games and was named as one of three finalists for the National League Gold Glove Award that went to Ezequiel Tovar of the Colorado Rockies.

Winn had minor surgery after the season to remove a cyst from his hand. In 14 spring training games, he’s batting .098 (4 for 41) with 12 strikeouts.

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