I'm not so sure the extreme opinions on either side are justified. You know that during the initial conversations Wood's camp didn't come right out and say "we want a 3-4 year deal, but we're open to a one year deal if that's the only way we can stay here." If it's true Wood would have accepted a one year deal, he surely wasn't going to voice it early in the negotiations, as he surely preferred longer. Hendry, as well as most posters here, probably assumed that Wood was going to demand at least a 3 year, nothing less, and decided to pay Wood the respect he deserved and not string this on once he figured there wasn't a middleground that can be reached. Once Hendry made the announcement he wasn't going to waste Wood's time, and allow him to pursue the deal he deserves elsewhere, that's when Wood came out and let his minimum requirements be known. Where Hendry screwed up was closing the door. Like I said in an earlier post in this thread, he should have said "Here's what we can offer Kerry. I know you're worth more, but this is what we can afford to offer based on other factors of the team right now. We wish you the best in finding the best deal that you deserve, but if the FA market doesn't work out the way you anticipated, this token one year offer will be on the table until (all offseason, end of December, whatever) if you want to take it." Or anything. He shouldn't have closed the door the way he did.