Re: Torre offered 5M by Yanks, says NO!
<TABLE cellSpacing=0 cellPadding=0 width=581 border=0><TBODY><TR vAlign=top><TD width=581><TABLE cellSpacing=0 cellPadding=0 width=581 border=0><TBODY><TR vAlign=top><TD>10/18/2007 4:10 PM ET
Torre rejects Yankees' contract offer
Manager walks away, ending 12-year reign as skipper
By Bryan Hoch / MLB.com
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print this page | <SCRIPT type=text/javascript>var email_date = '10/18/2007 4:10 PM ET';var email_headline = 'Torre rejects Yankees\' contract offer';var email_byline = 'By Bryan Hoch / MLB.com';var email_team = 'mlb';var email_url = '/news/article.jsp?ymd=20071018&content_id=2271234&vkey=news_mlb&fext=.jsp&c_id=mlb';var email_blurb = 'Joe Torre turned down a one-year contract offer to continue managing the Yankees, according to club president Randy Levine.';</SCRIPT>
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NEW YORK -- Joe Torre turned down a one-year contract offer to continue managing the Yankees, the team announced on Thursday.
In a shocking turn of events, club president Randy Levine announced during a conference call with reporters originating from Tampa, Fla., that Torre rejected a contract that would have paid him a base salary of $5 million, with $1 million bonuses for each level of the postseason the Yankees reached next season.
Those bonuses would have meant that Torre could have earned as much as $8 million in 2008.
Levine said that if the Yankees made it to the World Series next season, his contract would have extended to 2009, with a base salary of $8 million.
"We respect Joe Torre an awful lot; he is a great, great person and a great Yankee. All we can do as we try to go forward is make him the offer we thought was best for the New York Yankees," Levine said.
Torre arrived in Tampa earlier in the afternoon and met with Yankees officials, including George Steinbrenner and general manager Brian Cashman, at Legends Field, the team's Spring Training complex. Torre was not present for the conference call. Levine said he had left. "Based on my conversations with him the last few days, he understood essentially the arena that we were in," Cashman said. "I asked him on the plane down, I asked him last night on the phone, where his mind was at. He honestly didnt know."
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