Torre won't return as Yankees' managerPosted: Updated:
NEW YORK - Joe Torre has rejected a one-year, 5 million-dollar offer to return as manager of the New York Yankees. Torre spent 12 seasons as the Yankees manager winning four World Series titles, but none since 2000. Ten days ago, the Yankees were eliminated in the first round of the playoffs for the third straight year.
Team president Randy Levine announced in a teleconference that Torre would have made 5 million dollars base salary plus bonuses for each round of the playoffs the team reached.
Torre made an unannounced trip from New York today to the team's spring training complex in Tampa. His meeting with Yankees officials lasted for about an hour.
Torre made 7.5 million dollars this year, the final season of a 19.2 million-dollar, three-year contract.
Bench coach Don Mattingly is the leading contender to replace Torre. Yankees broadcaster Joe Girardi, the NL Manager of the Year with Florida in 2006, is another top contender.
General manager Brian Cashman says there will be a full search for a replacement.
(The Associated Press contributed to this story.)