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If you matched in Phase I, you can't decline the offer. Match results are binding. Under very unusual circumstances you can ask to be released, but when you re-apply the following year, you'll disclose that on your applications. http://www.appic.org/match/match-policies
I am assuming that any circumstance that would be so dire that APPIC would agree to release someone from their Phase I site, would be too dire for them to participate in Phase II less than a month later. Can you even access the Phase II application portal if you matched in Phase I?
That's what I understood it to be as well so you can understand my confusion when others were considering declining. Thanks for this! 🙂
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