Torre Done, Turns Down Yanks

Ends career as New York manager after refusing to take pay cut in new deal
By Will McCahill,  Newser Staff
Posted Oct 18, 2007 3:58 PM CDT
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)
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(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.