A range of rhodium(I) and iridium(I) complexes containing bidentate phosphine-pyrazolyl ligands of general formulas [M(R 2 PyP)(COD)]BPh 4 (R ) Me, iPr, Ph, M ) Ir, 3b-3d and M ) Rh, 4b-4d), [Ir(R 2 PyP)(CO) 2 ]BPh 4 (R ) Me, iPr, 5b,5c), and [M(R 2 PyP)(CO)Cl] (R ) Me, iPr, Ph, M ) Ir, 6b-6d and M ) Rh, 7b-7d) were successfully synthesized. A number of these complexes and their analogues with unsubstituted ligands are extremely active as catalysts for the intramolecular hydroamination of alkynes. The air-stable cationic iridium complexes containing 1,5-cyclooctadiene, COD, as co-ligands, [Ir(R 2 PyP)(COD)]BPh 4 (R ) H, Me, iPr, and Ph, 3a-3d), are efficient as catalysts for the cyclization of 4-pentyn-1-amine (8) to 2-methyl-1-pyrroline (9) with the turnover rate at 50% conversion (N t ) of up to 3100 h -1 , at 60°C. The cationic iridium complexes containing carbonyl co-ligands, [Ir(R 2 PyP)(CO) 2 ]-BPh 4 (R ) H, Me, iPr, 5a-5c), are moderately effective in catalyzing this reaction, and the neutral complexes [M(R 2 PyP)(CO)Cl] (M ) Ir, 6a Ir, 7a) are ineffective. Generally, an increase in steric bulk of the substituent R near the nitrogen donor leads to an improvement in catalytic performance of the resulting metal complexes.