Jason Giambi’s winter in wonderland has reached an interesting conclusion. After becoming a finalist for the Rockies’ manager’s job and hitting coach position, the latter of which he passed on, Giambi plans to continue playing. He is on the verge of finalizing a minor-league deal with the Cleveland Indians.

It would be a low-risk investment for the Indians since the contract is not guaranteed.

Giambi, 42, is entering his 19th season. He’s a career .280 hitter with a .403 on-base percentage and 429 home runs. He joined the Rockies in September of 2009, quickly emerging as a team leader. He was a productive part-time player, though last year was spoiled by injuries and illness. Giambi aggressively pursued the Rockies’ manager’s job after Jim Tracy walked away following the worst season in Rockies’ history.

The Rockies were impressed with his interview for the manager’s post, and he was the favorite to land the job before Walt Weiss declared his interest. Giambi briefly considered taking the hitting coach position, but felt like it would be an awkward fit.