Joe Torre told his side of the story Friday, saying the pay cut and performance incentives in the New York Yankees' one-year contract offer were an "insult."
"I just felt the contract offer, the terms of the contract, were probably the thing I had the toughest time with -- the one year for one thing, the incentives for another thing," Torre said of his reasons for declining the offer. "I've been there 12 years and I didn't think motivation was needed."
"We knew exactly what was expected here," he said. "So, I just didn't think it was the right thing for me, I just didn't think it was the right thing for my players."
Torre, who won four World Series with the Yankees and made the playoffs each of his 12 seasons, on Thursday turned down a one-year offer that would have cut his base pay to $5 million, a reduction of $2.5 million, but offered $3 million in performance-based incentives and an $8 million option for 2009 if the Yankees won the 2008 AL pennant.
"I just felt the contract offer, the terms of the contract, were probably the thing I had the toughest time with -- the one year for one thing, the incentives for another thing," Torre said of his reasons for declining the offer. "I've been there 12 years and I didn't think motivation was needed."
"We knew exactly what was expected here," he said. "So, I just didn't think it was the right thing for me, I just didn't think it was the right thing for my players."
Torre, who won four World Series with the Yankees and made the playoffs each of his 12 seasons, on Thursday turned down a one-year offer that would have cut his base pay to $5 million, a reduction of $2.5 million, but offered $3 million in performance-based incentives and an $8 million option for 2009 if the Yankees won the 2008 AL pennant.
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