No more than a 2 year contract and overpay if necessary to not give the no trade clause. That way both he and the team can have a good look at what direction they are both going in. Iggy is not going to make a good second/third liner unless he picks up some interest in playing defence, which has been lacking for the last couple of years. In no way should the team commit to paying 6 million for the next 4/5 years as some have suggested, it would handicap the team and be unfair to him, as if he has a real falloff in numbers there is every chance the fans turn on him and that would be sad after the career he has had with the flames.
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