Let me begin by stating that, despite disliking the Yankees, Joe Torre is my new hero. To work for a franchise and in a city where you're always going to be the scapegoat -- blamed for the bad and ignored about the good -- has got to get to a person, yet he did it with class and dignity. Even if you hate the team, you have got to respect that.
And then there is that whole leading the team to four Championships and nine straight division championships thing. Sure, the Yankees haven't won in a while -- but it's not his fault. (See, e.g., Jeter, Derek and his surprisingly low 2007 postseason batting average.)
But I digress. To have your job threatened in the middle of the postseason, and then left guessing for days on end is bad enough, but then, to have the ownership insult you with a low-ball contract offer is insulting. It takes guts to walk away from a job you clearly love, with millions of dollars on the table. But clearly the payoff was not worth the hassle.
Good for you, Joe.