Torre Turns Down Yanks

Joe Torre has apparently rejected a one-year contract offer from the New York Yankees, which included a base salary of $5 million, but was loaded with incentives that could have made it worth up to $8 million next year. Additionally, if the Yankees had made the World Series next year, an option would automatically be vested for Torre to return in 2009.

It is unclear whether Torre rejected managing the Yankees at all, or if he simply rejected the proposed offer for the one-year deal. What is clear, is that the Yankees will be moving on with a search for a new manager.

“We felt we needed to go to a performance-based mode,” team president Randy Levine said. “We thought it was very fair. It clearly was at the top of the market, but we respect Joe’s decision. It’s time for the Yankees to move forward. We will be doing that very, very quickly.”

Possible candidates include Don Mattingly, Joe Girardi, Tony LaRussa and Billy Martin.

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