Torre said on Letterman he turned the offer down because it was a 1-yr deal. He tried to negotiate with them but they didn't have any interest in doing so. Torre also said a 1-yr deal would be too much of a distraction to him and the team, which you have to agree with. Additionly, Torre said $5MM is a lot of glue! lol The money sure didn't seem to be a big of issue as what has been reported, imo.