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| 18th October, 2007 - 4:41 pm | New York Times - The Yankees offered Manager Joe Torre a one-year deal with a base salary of $5 million and the chance to make another $3 million in performance bonuses. But after 12-years and 12 postseason appearances (including four World Series titles), Torre turned it down.
“We respect his decision. We appreciate everything he’s done. But it is now time for the New York Yankees to move forward, and we will be doing it very quickly,” team President Randy Levine said.
Torre would have received $1 million bonus for reaching the playoffs, another $1 million for reaching the American League Championship series and $1 million if the team made the World Series. If he did lead the Yankees to the World Series, there would have been an $8 million option for the 2009 season.
General Manager Brian Cashman said that Torre’s successor has not been named, nor have potential candidates been formally identified. “I can promise you that the process is going to take some time,” Cashman said. “I ask for everyone’s patience as we review the individuals and make recommendations to ownership.” [READ] |
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