Yanks, Torre part ways after 12 seasons

October 17, 2007

Joe Torre returns to his home in Harrison, NY, after a meeting with Yankee's management Thursday, Oct. 18, 2007, in Tampa, Fla. Torre is out as manager of the New York Yankees, rejecting a substantial pay cut after the team failed to make it past the first round of the playoffs for the third straight year.  (AP Photo/Seth Wenig)AP - Joe Torre is out as manager of the New York Yankees, rejecting a substantial pay cut after the team failed to make it past the first round of the playoffs for the third straight year. Torre turned down a $5 million, one-year contract Thursday — $2.5 million less than he made last season.

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