Yankees Fail to Reach Deal With Torre, Say It’s ‘Time to Move Forward’

joetorre web Yankees Fail to Reach Deal With Torre, Say Its Time to Move ForwardJoe Torre has rejected a one-year contract offer with a second-year option to return as Yankees manager, according to team president Randy Levine.

The contract called for a base salary of $5 million, with $1 million for each additional round of the playoffs won by the Yankees in 2008, according to Levine.

The second-year option would have vested if the Yankees reached the World Series in 2008.

“It is now time for the New York Yankees to move forward,” Levine said.