Torre out as Yankee manager

quote[Joe Torre has turned down a one-year deal with a vested option to return to manage the Yankees, president Randy Levine just said in a conference call.

Levine said the Yankee brass offered Torre a $5 million base salary with $1 million in a signing bonus, $1 million for making the ALCS and $1 million if he made the World Series. Levine said the option would vest if Torre made it to the World Series for $8 million in 2009.

Levine said Torre turned the deal down and now the Yankees are going "to move quickly" to hire a new manager, but did not reveal who.]

It's about time he thumbed his nose at Steinbrenner. I hope he enjoys retirement.