Torre walks away from the Yankees

Oct. 18, 2007 at 6:09 PM

NEW YORK, Oct. 18 (UPI) -- Joe Torre Thursday rejected a one-year offer to continue as manager of the New York Yankees.

The decision came after there was no decision during several meetings by the team’s executives this week about Torre's future.

MLB.com reported the contract would have paid him a base salary of $5 million, with $1 million bonuses for each level of the post-season the Yankees reached next season.

Club president Randy Levine claimed in a conference call with reporters the bonuses would have meant Torre could have earned as much as $8 million next season.

"It is now time for the New York Yankees to move forward," Levine said. "We felt we needed to go to a performance-based mode.

"We thought the offer was very fair and it clearly was at the top of the market."

Torre, 67, led the Yankees to four World Series titles and 12 consecutive playoff appearances, and won more post-season games than any skipper in major league history.

Like Us on Facebook for more stories from UPI.com  
Topics: Joe Torre
Latest Headlines
Top Stories
Tiger Woods' playing partner Steve Stricker wants the 'old Tiger back'
Texas Rangers' Hamilton promises cautious approach
UFC title-bout pullout has MMA chirping
Cowherd has very awkward interview with Michigan's Harbaugh
Love: 'I'm going back to Cleveland'