Matt Holliday struggled to find his previous All-Star form throughout an injury-marred 2016 season, but the New York Yankees reportedly took a chance on him Sunday.

According to Joel Sherman of the New York Post, the Bronx Bombers signed the slugger to a one-year deal worth $13 million. Jon Heyman of FanRag Sports confirmed the signing. 

Heyman, citing Sweeny Murti of CBS New York, said Holliday will serve as the designated hitter for the Yankees. 

This comes after the St. Louis Cardinals declined the remaining option year on his previous contract on the heels of a 2016 season in which he played just 110 games and slashed .246/.322/.461 with 20 home runs and 62 RBI. He also fell short in the outfield and was responsible for minus-eight defensive runs saved above average, per FanGraphs.

Holliday played for the Colorado Rockies from 2004 to 2008, the Oakland Athletics for 93 games in 2009 and the Cardinals from 2009 to 2016.

He was an All-Star his final three years with Colorado, as well as his first three full seasons with St. Louis. The seven-time All-Star also made the team in 2015 and has four Silver Slugger Awards and the 2007 National League batting title on his impressive resume.

USA Today ranked him as the 46th-best free agent in this offseason's class and pointed to some of his decline as he ages: "Once one of the game's most consistent power hitters, Holliday has begun to show his age over the past two seasons as injuries have become more of a problem. His career-low .246 average and .783 OPS in 2016 confirm the decline."

Holliday played just 73 games in 2015 because of a right quadriceps injury and dealt with a fractured thumb that required surgery and a facial abrasion after being hit by a pitch in 2016.

He still managed to reach the 20-homer plateau for the 10th time in his career:

In addition to his raw power, Holliday brings postseason experience to his new team. He has 72 playoff games and the 2007 National League Championship Series MVP under his belt and will look to help lead the Yankees to the playoffs in 2017.

He was confident in his abilities heading into the offseason, per Jenifer Langosch of MLB.com: "I have a lot of good baseball left in me."

That may be the case, but he will be 37 years old throughout the 2017 campaign. The power was still there when healthy in 2016, and he won't be a liability in the outfield as a designated hitter.

Between his veteran leadership, postseason mettle and pop he brings to the order, Holliday can develop into an impact signing for New York.