Thanks Joe, sorry to see you go.
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Oct. 18 (Bloomberg) -- Joe Torre rejected a one-year, $5 million contract offer from the New York Yankees today, ending 12 years as manager after baseball's most expensive team lost in the first round of the playoffs for the third straight year.
Torre turned down the deal, which also included bonuses that might have raised it to $8 million, the Yankees said on a conference call.
``We respect his decision,'' team President Randy Levine said. ``We appreciate everything he has done. But it's now time for the New York Yankees to move forward and we will be doing that very, very quickly.''
Torre won four World Series with the Yankees and took them to the playoffs in each of his years as manager. His three-year, $21 million deal, the highest for a manager, expired this season.
No successor was named immediately. Newsday reported that bench coach and former player Don Mattingly is the leading candidate. Mattingly's agent, Ray Schulte, declined comment after Torre's decision.
Yankees ownership and management met for the last three days in Tampa, Florida, to discuss Torre's fate. Torre flew to Tampa today with General Manager Brian Cashman and Chief Operating Officer Lonn Trost, and left after rejecting the offer, which was made this morning. He wasn't immediately available for comment.
``Now, we have a challenge ahead of us to begin the process of looking for the best person for that position,'' Cashman said. ``It's going to take some time and effort. We're going to make sure we take our time and do a full interview process involving all aspects of baseball operations.''
Free Agents
The Yankees also must deal with free agency for two of their key players, relief pitcher Mariano Rivera and catcher Jorge Posada. In addition, Alex Rodriguez, who led baseball in home runs and runs batted in this season, can become a free agent if he opts out of the last three years of his deal with New York.
The Yankees were eliminated from the playoffs on Oct. 8 by the Cleveland Indians, a team that started the season with a $62 million player payroll, compared with the Yankees' $190 million.
``This has been a great 12 years,'' Torre, 67, said at a press conference after the last game. ``Whatever the hell happens from here on out, I mean, I'll look back on these 12 years with great, great pleasure.''
Levine said the package offered to Torre included $1 million bonuses for reach the division series, AL Championship Series and World Series.
`Performance Based'
``We thought that we needed to go to a performance-based model having nothing to do with Joe Torre's character, integrity or ability,'' Levine said. ``We just think it's important to motivate people based on performance and that was the thinking that went behind it. We thought it was very fair.''
Torre joined the club in November 1995 after owner George Steinbrenner fired Buck Showalter, who took the team to the playoffs for the first time since 1981. With a career record of 894-1,003 as manager of the New York Mets, Atlanta and St. Louis, Torre initially was not a popular choice: The Daily News reported his hiring with a headline of ``Clueless Joe'' on the back page.
The Brooklyn, New York-born Torre produced immediate results, winning the World Series four of the next five years to bring the number of Yankees' championship titles to a major- league record 26. In the process, he won the support and respect of fans.
Victories, Tears
He showed his soft side on several occasions, crying after each Yankee title and embracing a sobbing Paul O'Neill on the field following the 1999 World Series after O'Neill's father died earlier that day.
He also showed a stoic side, dealing with prostate cancer during the 1999 season and managing through his brother Frank's kidney transplant.
Fans repaid him during the Yankees' final game against Cleveland with a standing ovation and an extended cheer of ``Joe Torre'' when he came out to the pitcher's mound twice in the eighth inning.
Torre's 12 consecutive seasons are tied for the second-most in club history with Casey Stengel (1949-60) and Miller Huggins (1918-29), and behind Joe McCarthy, who ran the team from 1931 through the first 35 games of 1946. Torre's regular-season record of 1,173-767 includes the second-most wins in franchise history behind McCarthy (1,460) and ahead of Stengel (1,149).
This year, with the team buried in last place after the first month of the season, he got a boost from Steinbrenner. The owner released a statement saying that neither Torre nor Cashman would be fired and urged the team to play better.
Early Struggle
The Yankees continued to struggle the next month, falling a season-low eight games under .500 on May 29. They turned it around from there, leading baseball with a 73-39 record the rest of the season and winning the wild-card playoff berth as the second-place team with the best record.
Against Cleveland, New York lost the first two games. The Record of Bergen County, New Jersey, reported that Steinbrenner said Torre probably wouldn't be back if they lost the series. After winning the third game, they lost the fourth.
Players Support
Players including Rodriguez supported Torre after the loss.
``It's not Joe's fault,'' Rodriguez said after the Game 4 loss. ``As players, it falls on us. You can point the finger at whoever you want, the bottom line is we didn't get the job done.''
Agents for Rodriguez, Rivera, Posada, team captain Derek Jeter, and pitchers Andy Pettitte and Roger Clemens didn't immediately return messages for comment.
Torre said after Oct. 8 game that he wasn't ready to retire.
``If I have some options, I'll look at it because I'm certainly not ready to move somewhere and not do anything,'' he said.
Last year's Yankees had the American League's best record at 97-65 before being eliminated in the first round of the playoffs by the Detroit Tigers. The New York Daily News reported at the time that Torre might be fired, and Steinbrenner brought him back for the final year of his three-year, $21 million contract with a warning.
Steinbrenner had also criticized him after the club got off to a 4-8 start in 2005, and it took a face-to-face meeting with the owner in Tampa, Florida, after the season to persuade Torre to return.
Since beating the Mets in 2000, the Yankees lost in the World Series to the Arizona Diamondbacks in 2001 and the Florida Marlins in 2003. In 2004, they lost to the Red Sox in the AL Championship Series, becoming the first team in baseball history to blow a three-games-to-none lead in a best-of-seven series.
Torre was a nine-time All-Star as a player and won the National League Most Valuable Player Award with St. Louis in 1971. He has a 2,067-1,770 record as a major-league manager.
To contact the reporters on this story: Danielle Sessa in New York at
dsessa@bloomberg.net ; Larry DiTore in New York at
lditore@bloomberg.net .