The following has been posted over at HonkyTonkMan.net. You can read the rest of the statement by visiting the website.
"WWE legend "The Honky Tonk Man" has officially declined WWE's offer for the 2010 Hall of Fame & Wrestlemania XXVI. Below is the full story and a blog from the HTM.
"HTM declined the WWE offer to be inducted into the HOF class of 2010. There were multiple reasons why HTM decided against this induction. Negotiations started Friday Jan. 22 and carried over till Wed. Jan. 27 at which time HTM informed WWE that he would not be interested in this years induction into their HOF."