 He helped Holbæk avoid relegation by scoring 30 points in a 76–88 victory against Horsens BC in the last game of the season.After the season, Eiríkur returned to ÍR which had been promoted back to the Úrvalsdeild.In February 2001, he led ÍR to the Icelandic Cup finals after scoring 27 points and having 7 steals in ÍR's 77–97 victory against Grindavík in the semi-finals.