Essentially the HOC would be an honor for players like Paul O'Neill that were great Yankees but would maintain the integrity of Monument Park for the likes of Ruth, Gehrig, Joe D and Mantle. A player included in the Hall of Champions would get his day, be immortalized at the Stadium, but his number would not be retired.
Every team that wins a World Series would have their leaders included in the HOC, and it would create debate about players like Willie Randolph , Goose, and Nettles from the 70's teams, and O'Neill, Cone, and Tino from the 90's.
Foir $1.3 billion, maybe it's not too late to add a room to the new Stadium?

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