NEW YORK (WVLT) -- Joe Torre explained Friday why he rejected a one-year contract offer presented by the Yankees Thursday to continue as the team's manager.
The main reason wasn't money. It was the lack of confidence conveyed by the terms of the offer, which Torre labeled 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."
The one-year offer would have decreased his base pay to $5 million -- a cut of $2.5 million -- but would have provided incentives for winning the ALCS and World Series.
Torre said the contract meeting between himself, owner George Steinbrenner, Steinbrenner's sons, and team management lasted only 20 minutes.
Many names are being tossed around as Torre's potential replacement, including former Yankee players Don Mattingly and Joe Girardi and current Cardinals manager Tony LaRussa.