http://www.nypost.com/seven/10182007/sports/yankees/torre_lands_in_tampa.htm
It appears to be the end of the Joe Torre era with the Yankees.
Updated with reaction and commentary:
http://www.nydailynews.com/sports/baseball/yankees/2007/10/18/2007-10-18_torre_turns_down_yankee_offer.html
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