A method for allocating and resizing a link on a communication medium is provided. The utilization of an allocated link is monitored and an unused bandwidth thereof is determined. Upon request for allocation of a second link, at least a portion of the unused bandwidth is included in the bandwidth of the second link allocated. A network including two nodes and a communication medium terminated thereby is operable to provide a plurality of communication links and is operable to resize the bandwidth of the allocated links is provided. The network is operable to monitor the utilization of an allocated bandwidth of an allocated link and deallocate a part of the allocated bandwidth that is non-utilized by the allocated link. The deallocated bandwidth, or a portion thereof, may then be included in a bandwidth allocation made for allocation of an additional link.