Report: Torre to be named MLB exec By Sports Network

Los Angeles Dodgers manager Joe Torre speaks to the crowd during a ceremony commemorating his retirement after the MLB national league baseball game against the Arizona Diamondbacks in Los Angeles, October 3, 2010. (REUTERS/Danny Moloshok)

NEW YORK -- Major League Baseball is reportedly set to name future Hall-of-Famer Joe Torre as its executive vice president in charge of onfield operations.

The New York Daily News reported the move will be announced on Saturday and will pay Torre $2 million per year.

Torre followed an All-Star playing career with a likely Hall-of-Fame stint as manager of the New York Yankees, who he helped win four World Series titles during his 12-year reign (1996-2007).

He parted ways with the Yankees after the 2007 campaign and coached the Dodgers for three seasons before stepping down at the end of last year. Torre also managed the Mets, Braves and Cardinals during his illustrious career.