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Torre: Yankees contract offer an 'insult'

Oct. 19, 2007 at 5:56 PM

RYE, N.Y., Oct. 19 (UPI) -- Former New York Yankees Manager Joe Torre Friday told reporters the incentive-laden one-year contract package he was offered to stay was "an insult."

Torre rejected the offer Thursday after meeting with team officials in Tampa, Fla.

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"The terms of the contract were probably the thing I had the toughest time with," Torre said in an opening statement. "One year, for one thing, the incentives, for another thing. The fact that I’d been there for 12 years, I didn't think motivation was needed."

Money, Torre said, was an issue, but taking a pay cut from a reported $7.5 million to $5 million was not a big concern.

The one-year offer and the playoff bonus system were the decisive factors.

"The incentives, to me, I took as an insult," he said. "I don't know how to say one is never enough, two is never enough."

Torre won four World Series titles, went to the post-season every year, and is the winningest manager in franchise history.

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