Yes, maybe Baldric, or maybe he felt it was more important to have a teammate to help him win any money at all than to have an increased theoretical cash prize that he still might not have won anyway.
Regardless, some of the comments about the woman are incredibly harsh. You might not like the decision, but it was there to make. (Also, in point of fact, even the middle offer would have had the effect of reducing the order guy's potential winnings, from £33,000 to £19,500.) Myself, I remain irritated that the negative cash offer is even an option open to the Chaser anyway.