Falkirk boss Eddie May hopes the club can hang on to captain Darren Barr beyond next summer.
The defender is in the final year of his contract and is yet to sign a new one-year extension with Hearts and Hibernian monitoring the situation.
May maintains the offer is the least the club will offer and should Barr wish for longer terms, the club would be willing to do business.
"We've made an offer to Darren," May told the Daily Record.
"We've offered him an extension of a year and if he wants to go longer than that he can.
"He's well within his rights to think things over, which is a good move for him.
"If he thinks it's right for the football club and for his career to stay he will stay and we encourage him to do that."
The 24-year-old received his first Scotland cap last year and has been on the fringes of George Burley's squad since.
May believes Barr can build on his promise and has backed his captain to make the grade in English football, should he wish to venture south.
May said: "Hopefully Darren can go on and achieve what he wants, whether it's at Falkirk or somewhere else, but we would rather have him here.
"The deadline for our offer is when his contract expires, it's as simple as that. Darren is very committed to the club, he's a very good player for us so it would be a major blow if we lost him.
"Sometimes it's a big option to walk away from a club for nothing but sometimes it's really not wise to jump in somewhere else.
"I think Darren could go down and play in England.
"But if he has lower sights or if he just feels comfortable in the environment he's in and still feels he's progressing then we would be more than happy for him to stay on with us."