I would have no problem seeing the Penguins resign Sykora under two conditions...
1 - At a reduced rate.
2 - I would give him the three years, only if he's willing to make the third year a club/player option.
If he's not willing to do either of the two (#1 in particular), I would let him walk and throw that money towards free agency.
March 22, 2009 | 11:03am ET
Penguins offer Sykora two-year deal
TheFourthPeriod.com
Pittsburgh would like to get winger Petr Sykora locked up to a new contract and the Edmonton Journal reports the Penguins have offered a two-year deal.
However, the paper also claims Sykora is looking for a three-year contract and the Penguins do not appear interested in offering up that extra season.
Sykora has played a vital role in allowing Evgeni Malkin to come out of his shell, and the Penguins' players have all recognized that.
The two sides are expected to continue their talks as the season progresses.
From the Editor: The two sides will get a deal done, but it seems more likely one will be reached once Pittsburgh's season is complete. -- David Pagnotta.
http://www.thefourthperiod.com/news/pit090322.html