I think Lambert would probably be more than happy to give Eric a one year extension but we couldn't really do much more. That however would probably do little good for Eric. He's got to be looking to play regularly for someone at this stage of his career. I think that will mean dropping to the Championship for a year, where a club will probably give him 40 odd games.
I don't think we'd actively be looking to sell Eric if he still had a couple of years left on his deal. But as it's run out, and at his age it's probably just best for all concerned for him to leave now. A good servant, hard worker and mostly reliable. Good luck to him.
We'll replace him with someone 4-5 years younger with more potential.