The Yankees offered Torre a one-year deal with a base salary of $5 million and incentives that would have increased his salary to $8 million based on postseason performance. Under that offer, if Torre reached the World Series in 2008, an option for 2009 would have vested.
"We felt we needed to go to a performance-based mode," team president Randy Levine said. "We thought it was very fair. It clearly was at the top of the market, but we respect Joe's decision."
Torre, who had held the job since 1995, made an unannounced trip from New York to the team's spring training complex in Tampa, Fla., accompanied by general manager Brian Cashman and chief operating officer Lonn Trost. Levine said Torre turned down the offer during the meeting, which lasted about one hour.
"It is now time for the New York Yankees to move forward," Levine said.
Thursday, October 18
Torre Turns Down Yankees for One-Year Deal
Whoooo...my beloved Yankees are going to have some serious goings-on in the off-season.
From the story:
We'll miss you, Joe. Thanks for all the great years!