Arnold Palmer won't play Bay Hill

According to reports today, Arnold Palmer has said he won't play the Bay Hill Invitational for the first time since the tournament started. I'm of two minds about this -- it is a shame to see Palmer not play, given the galleries that continue to follow him, but his play has deteriorated to such a degree that he is damaging his legend.
At 75, it probably makes more sense for Palmer to simply offer his presence to the tournament held on the course he owns in Orlando. The players will come, just to genuflect in front of the king....

Here's the story.