If you look at the percentages, the Yankees offered Joe Torre a 33-percent pay cut today.
Forget the incentives. Those are based on factors largely out of his control. I’d like to think I’m fairly good at what I do. If The Journal News offered me a 33-percent pay cut, I’d walk.
I imagine most of you would do the same. Don’t look at the money, look at the percentages. Sure, $5 million is a lot of dough. But to a hedge-fund manager, it’s chump change. Money is always relative.
Keep in mind, the Yankees did not fail this season. They had the third-most wins in their sport and made the playoffs. They were dead men walking in June and nearly won the division.
Torre didn’t deserve a parade. But a pay cut?
In the culture of the clubhouse, having a manager on a one-year contract who just took a cut would be emasculating. The Yankees – almost certainly – made Torre an offer they knew he could refuse.
“We just think it’s important to motivate people,” Randy Levine said.
Motivate people? This is a team that makes it policy not to include incentive clauses in player contracts. Now they have to motivate a 67-year-old manager who has won the second-most games in the history of the franchise?
They would have been better off just firing him. That you could respect. This? This was low rent.
Welcome to the Hank and Hal Era.