This might fly under the radar, but check out what the Yankees did... So, this leads me to two possible conclusions about why Hendry declined arbitration. 1) He thinks he can re-sign Wood. 2) Teams are declining arbitration in order to keep their budgets down, as more draft picks require more money to be spent and someone accepting arbitration could result in the team paying more money than expected. Does anyone know about this rule change, by the way?