Joe Torre was hired Thursday to manage the Los Angeles Dodgers, taking the job two weeks after walking away from the New York Yankees.
Torre's contract is for three years and slightly more than $13 million, ESPN.com's Jayson Stark reports, citing a baseball official who has seen the deal.
Torre moved from one storied franchise to another, taking over a team that finished fourth in the NL West this season and last won the World Series in 1988.
"Joe Torre is one of the most respected men in the game of baseball," said Dodger owner and chairman Frank McCourt. "As a player, a broadcaster, a manager and in his life off the field, Joe is a winner through and through. As we celebrate the 50th Anniversary of the Dodgers moving to Los Angeles, we will again have a Hall of Fame caliber manager at the helm. Joe's dedication, desire and ability will help lead the Dodgers to our ultimate goal -- a world championship."