Yup, those definitely crack a solid 7 on the Crazi-O-Meter. And I LOVE IT!! So crazy, in fact, it just might work. Follow me: Giambi is owed $47M for 2007-08. Helton is Owed: $91M through 2011, including $4.6M buyout of a $23M club option for 2012.
If the Yankees chip in half of Giambi’s contract to get Molina and Figgins back (which immediately makes their bench a gajillion times better), and then take on Helton’s deal, with some money (say, $30 million) chipped in, which would cost them nothing (like the Abreu deal), they would ultimately have to pay more, but here’s the upgrade from Giambi to Helton: About 30 points of OPS+, which is OPS measured against the league average, and adjusted for Ballpark factor. 100 is exactly average, 150 is outstanding. Giambi is at a stellar 133 this year. Helton is at a super 161. Plus, he plays defense. Get Helton at 1B, you can get rid of one of Phelps or Mientkiewicz, and free up another bench spot to use on a useful utility player. Then, the only thing missing is a DH, and you can either let this be a rest spot for the everyday players, when Figgins can fill in all over the field, and use a Righty-OBP kind of guy to balance the lineup on other days.
This is PERFECT! Man, I can dream.