Torre turns down Yankee offer to return as skipper
ESPN reported that Joe Torre declined the New York Yankee's offer to return as their manager for the 2008 season Thursday due to a pay cut.
The Yankees offered Torre a $5 million contract for 2008, $2.5 million less than he made last season. Torre declined the offer.
The Kansas City Star reported that Torre said, “The fact that somebody is reducing your salary is just telling me they’re not satisfied with what you’re doing."
In his career as the Yankee's manager he led them to four World Series titles and 12 straight post-season appearances.
The decision to reduce Torre's salary came after a first round loss to the Cleveland Indians in this years playoffs. It was the third consecutive first round loss for the organization.
ESPN reported that Yankee team president Randy Levine said, "We thought that we need to go to a performance-based model, having nothing to do with Joe Torre's character, integrity or ability. We just think it's important to motivate people."
The Yankees have not reached a World Series since 2003.
The Yankees will now have to find a new manager for the team. "Bench coach Don Mattingly is the leading contender to replace Torre," reported ESPN.
Torre, 67, on the other hand said in a news conference Thursday that he might be interested in managing elsewhere.