8:35pm: Hernandez tweets that Mattingly's contract to manage the team is for three years. He also had a signed contract before the season that guaranteed him the job if Torre stepped down, according to a second Hernandez tweet.
1:53pm: Joe Torre will announce today that he's stepping down as Dodgers manager after the season, according to Dylan Hernandez of the LA Times. He will be replaced by hitting coach Don Mattingly, who will manage in the Arizona Fall League, but does not yet have professional experience as a manager. Yahoo's Tim Brown also reported the news.
Torre, 70, could consider offers for other managerial openings or retire after a Hall of Fame-caliber career. Torre has a 2318-1990 record over the course of 29 seasons as a big league manager and led his teams to the postseason 14 consecutive times from 1996-2009. One of Hernandez's sources says Torre could keep working in the Dodgers organization.
Dodgers Triple A manager Tim Wallach, who had been considered a possible candidate for the opening, could now become an option for other clubs.