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During his four years as the Yankees' manager, the team posted a record of 313–268, finishing first during the strike-shortened season, thereby being named by the Associated Press as the American League Manager of the Year and became the 1995 American League manager for the All-Star Game.
At the end of the season, the newly formed League Managers Association presented its "Manager of the Year" award for the first time, specifically designed to recognise "the manager who made best use of the resources available to him".
The League of Ireland Premier Division Manager of the Year Award is an award handed out annually to a League of Ireland manager, voted best in the league for that particular year.
His most recent award is the Manager of the Year Award in 2007 presented by Uday Kotak, vice-chairman of Kotak-Mahindra Bank at IIM (Indian Institute of Management).