According to Darren Dreger from TSN, it appears as though the Islanders will indeed go that extra mile for Vanek.
He spoke to Garth Snow at Yankee Stadium recently and was told that we feel like we would be able to match or beat any offer Vanek is presented with.
Given the fact the roster freeze for the Olympics starts in around a week, I get a sense that we will be getting a decision on Vanek soon. I personally feel as though actions speak louder then words when it comes to this. Having Snow say this though is interesting because it appears as though there has been a change in philosophy and they might be willing to actually spend above the cap floor.