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July 25, 2008 7:48:39 AM CDT

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Torre Done, Turns Down Yanks

Posted Oct 18, 07 3:58 PM CDT in US,  Sports 

(Newser) – In a stunning move, Joe Torre ended his 12-year tenure today as New York Yankees manager—which included four World Series titles—by turning down a new contract that would have cut his salary to $5 million from the $7 million he made in 2007. The one-year offer for 2008 would have included as much as $3 million in playoff incentives.

Torre flew to Florida this morning with hardball on his mind: he spent one hour in the meeting, gave his answer, and flew home, the New York Times reports."[I[t is now time for the New York Yankees to move forward, and we will be doing it very quickly,” team President Randy Levine said about naming a successor.

Sources: New York Post, Associated Press, New York Times

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New York Yankees manager Joe Torre listens to a question at a news conference before Game 3 of an American League Division Series playoff baseball against the Cleveland Indians in this Oct. 7, 2007 file...   (Associated Press)
New York Yankees fan Joaquin Ferreira, left, joins a Save Joe Torre rally near Times Square in New York, Wednesday, Oct. 17, 2007. A decision about Joe Torre, the New York Yankees manager who has led...   (Associated Press)
New York Yankees manager Joe Torre reflects on the field before Game 4 of the Yankees American League Division Series playoff baseball game against the Cleveland Indians at Yankee Stadium in New York,...   (Associated Press)
New York Yankees general manager Brian Cashman, left, talks to Yankees manager Joe Torre behind the batting cage before Game 4 of American League Division Series playoff baseball against the Cleveland...   (Associated Press)
From left are Don Mattingly, Joe Girardi and Tony La Russa. Mattingly and Girardi are the top candidates to replace New York Yankee manager Joe Torre. LaRussa, whose contract with St. Louis ran out,...   (Associated Press)
New York Yankees manager Joe Torre is shown looking over his shoulder before Game 4 of the Yankees American League Division Series playoff baseball game at Yankee Stadium in New York, in this Oct. 8,...   (Associated Press)
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