Faced with a $2.5 million dollar pay cut and knowing that he would still be under the watchful eye of owner George Steinbrenner, Joe Torre walked away from a $5 million contract offer and called the New York Yankees proposal an “insult.”
Torre, who earned $7.5 million this past season as skipper, told a group of reporters inside a
As part of the new contract offer Torre could have earned an additional $3 million had the Yankees captured a World Series title but the man who managed the franchise to four titles in 12 years was not thrilled with an incentives based contract.
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