It also frees up Betances to be dealt, an arguably more valuable piece.
I don't really see it as an either or situation.
I've been calling for the team to tear it down since 2013, and I'm thrilled with the job Cashman has done. I don't have any
on-field or budgetary concerns with this move, because it's dead money right now with the Yankees' position in the success cycle and Chapman is a legit special talent who may yet contribute to the next great Yankee team.
But as a maximalist, I want them to move everybody who doesn't have a place on the team in 2019 with any trade value. I see no reason for Gardner, Headley or Betances to stay if there's any future value to be extracted from them. Same with Holiday at the break after he regresses positively. If the Yankees could subsidize Chapman's AAV to below Melancon's at the deadline, they could easily pick up an A prospect at the break along with other pieces.
The irony, of course, is that I'm probably bullish on their Wild Card chances. Given that the Blue Jays, Royals and Orioles have probably hit the end of the line simultaneously, I would give the Yankees at the least a 1/3 shot at a Wild Card. Though I'm a proponent of just getting in the dance more often than not, talent does matter to some extent, and they're in no position to compete at all for a title now, unless our young guys are Gene Michael's 90's prospects reincarnated. They really should just bottom out.