Better to have a familiar face back who the team knows very well than to bring in someone who is going to absorb an insurmountable amount of cap space that could hamper the club's cap flexibility in the long run. Save those dollars for retaining Kopitar and Brown when their deals are up.
Perfect deal, 1 year tells him he has to step it up if he wants something longer after it's done, and $3.25 is exactly what he should be getting. He expected a pay cut but he wants to stay so it's ideal.
I approve this, Now show us how much you want to be here Penner ..score some goals through the regular season will you and you just might become a Kings player in our hearts for ever. Hard work and nethitting and you will be fine.