Let's set the record straight - the offer was not an offer.
The official offer was not fair, nor was it done within the traditional Yankee value system. Anyone who knows anything about the Yankees and is willing to be honest about the situation knows that is case.
First and foremost, this was a game - a PR ploy trying to be pulled by the two Steinbrenner boys and Randy LeVine (Randy is a dishonest piece of shit by the way). Knowing the media and fan base would eat them alive for not keeping Torre, they opt for a fake offer that they know he'll reject, so they can walk away with clean hands. That's all it was - they didn't have the stones to walk away from Joe and face the music afterward, so they decided to put on a show so they would look like the victims - what a sad display of leadership.
On the offer: The first issue was the length. You don't re-up a manager for one year, you at minimum do a two-year deal to avoid the lame duck status and distraction on the team. Second was the comp. Every MLB franchise offers incentive based compensation. All but one franchise that is. The Yankees are proud of the fact that they don't build incentives in contracts because they expect everyone to perform at the highest level and are paid as such. By providing Joe an incentive based contract, they were essentially telling him that he has lost the right to be treated like all the other Yankees - and for someone that loves the franchise as much as Torre does, that in itself would have been enough for a deal breaker.
I would have respected the team's decision had they just come out and been up front and said thanks but no thanks. But this game that they played shows that they have no balls, no backbone, not the NY way. I hope this is not the sign of things to come. The level of disrespect shown here does not sit well with me.
Now let the circus begin over the spec on who will replace Joe, and where Joe ends up next.