
The Calgary Flames are heading into the offseason set on making some changes to their roster after finishing 30th in the league with 77 points and a 34-39-9 record this past season. According to sources, the Flames are open to moving anyone on their current roster aside from goaltender Dustin Wolf, forwards Matvei Gridin and Matthew Coronato, and defenseman Zayne Parekh, Anthony Di Marco of Daily Faceoff reports.
The Flames struggled collectively this year, with offensive production being at the forefront. Calgary’s 208 goals during the 2025-26 regular season was good for dead last in the NHL. Coronato, one of the aforementioned untouchables, was the team leader in points this season with just 45.
If the Flames are looking to clear house this summer on the trade market, they will have two slots available to retain salary cap, as both Rasmus Andersson and Jacob Markstrom‘s cap retentions ended after the season. If Jonathan Huberdeau did warrant any interest from other teams on the trade market this summer, it would be safe to assume Calgary would have to eat a sizeable portion of the winger’s $10.5MM cap hit that runs through the 2030-31 season.
One name that should garner significant attention is veteran winger Blake Coleman. The 34-year-old has one year remaining on his four-year, $4.9MM AAV deal, and was reportedly the player Calgary was receiving the most calls on earlier in the season. With a Stanley Cup pedigree from his Tampa Bay days and an expiring contract, Coleman profiles as exactly the type of veteran a contender would target. He does carry a 10-team trade approval clause, which slightly limits Calgary’s options, but his manageable term makes him one of the more movable pieces on the roster.
Captain Mikael Backlund is another veteran whose name could surface in trade discussions, though the situation is complicated. Backlund, who turns 37 next season, is entering the final year of his two-year, $4.5MM AAV extension and has publicly stated his desire to retire as a Flame. Insider Elliotte Friedman of Sportnetca has reported in the past that Backlund wants to remain in Calgary and be a lifetime Flame, which could give the front office pause about exploring a move. That said, if Calgary is committed to a full youth movement and Backlund is open to chasing a Cup, he would undoubtedly draw interest from contenders looking for a reliable, defensively responsible center.
Beyond the veteran core, Calgary could also explore the market for some of its mid-tier forwards. Yegor Sharangovich, Joel Farabee, and Morgan Frost are all players who could either continue developing in Calgary or be flipped for futures, depending on how aggressively GM Craig Conroy wants to lean into the rebuild. Frost, in particular, showed flashes down the stretch and finished tied for second on the team in scoring with 43 points, and had a career best 22 goals. With the demand being high for centers league-wide, Frost should have plenty of suitors.
The Flames also have a handful of intriguing trade chips among the veterans they acquired during their 2025-26 deadline sell-off. Ryan Strome, picked up from Anaheim for a 2027 seventh-round pick, performed well in Calgary, posting five goals and 12 points in 19 games down the stretch. The 32-year-old centre carries a $5MM cap hit through 2026-27, and with one year left on his deal, he profiles as exactly the kind of expiring, productive middle-six centre contenders chase at the deadline, if not sooner. The Flames could either hold and flip him later or move him this summer to maximize the return.
Calgary’s revamped blue line is where things get really interesting. Kevin Bahl, Olli Maatta, and Zach Whitecloud all emerged as legitimate pieces this past season, and any one of them could realistically be on the move. Bahl has quietly become a stabilizing presence on Calgary’s back end and projects as a top-pair option moving forward, which makes him both the most valuable and the least likely to be dealt. Maatta, meanwhile, was fantastic after coming over in the MacKenzie Weegar trade, posting 14 points in 20 games. With one year left on his deal, he could be flipped for a mid-round pick if Calgary wants to clear another roster spot for a younger defender. Whitecloud, acquired in the Andersson trade and originally viewed as a salary cap throw-in, instead played his way into a genuine role and earned a spot on Team Canada’s World Championship roster. At 29, he could either be retained as a veteran leader or moved if a contender values his defensive game as a depth piece on the back end.
Then there’s the curious case of Devin Cooley. Cooley spent large portions of the season ranked among the league’s top goaltenders by save percentage and was essentially the biggest reason Calgary climbed out of last place in the standings. He’s already been rewarded with a contract extension, which signals the Flames view him as their long-term backup behind Wolf. That said, if his stock continues to rise and a contender comes calling with a desperate need between the pipes, Cooley becomes one of the more fascinating “what-if” assets in Conroy’s toolkit this summer.
With multiple veterans on expiring deals, two open salary retention slots, and a clear willingness from Conroy to listen on nearly anyone, the Flames are positioned to be one of the most active teams of the offseason. It will be interesting to see just how aggressive Conroy is prior to puck drop in October.
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