Are you serious? Sure, it might seem like a "noble" thing to do, but look around. Most titles change hands by a No Show Win. For God's sake, look at our World Champion. He made a career off of beating no-showers and hell, one of his title wins comes from a no-show at the biggest show of the year.
Sly just possibly robbed himself of a title reign for no reason. Considering he didn't announce it till the day before yesterday, I believe, Sly either wasn't writing at all or stopped writing his match midway. Now someone tell me what is the point of writing a match and not sending it in because the other guy is no showing?