Trade Deadline Primer: Calgary Flames

With the Olympic break now upon us, the trade deadline is less than a month away. Where does each team stand, and what moves should they be looking to make? We begin our look around the league with teams that have clear plans near the extremes of the standings, this time with the Flames.

The rebuilding Flames got much closer to playoff contention last season than anyone expected, finishing with 96 points and losing out on the second wild-card spot by virtue of a tiebreaker with the Blues. This season, they’ve been more representative of pundits’ expectations and have been in the basement of the Western Conference from the get-go. They’re at an uncomfortable stage of a rebuild now: most of the grunt work is done, and they’re playing a waiting game for their prospects to graduate. That doesn’t mean they can’t make some more future-oriented moves, though.

Record

23-27-6, 7th in the Pacific (3.6% playoff probability)

Deadline Status

Seller

Deadline Cap Space

$45.57MM on deadline day, 2/3 retention slots used, 45/50 contracts used, per PuckPedia.

Upcoming Draft Picks

2026: CGY 1st, VGK 1st, CGY 2nd, CGY 3rd, VAN 3rd, CGY 4th, CGY 5th, CGY 6th
2027: CGY 1st, VGK 1st*, CGY 2nd, CGY 3rd, CGY 4th, CGY 5th, CGY 6th, CGY 7th

*The Golden Knights’ 2027 first-rounder is top-10 protected.

Trade Chips

The Flames don’t have much in the way of traditional rentals to sell. They’re light on pending unrestricted free agents. Only one, enforcer Ryan Lomberg, would be of any interest to a contender and would only net a mid-round pick at most. Jake Bean‘s injury likely rules him out of being moved. They had a big name in Rasmus Andersson, but he’s already been sent off to Vegas.

That’s good news for the Flames if they’re looking to add even more firepower to a highly stocked prospect pool. The names they’ll dangle will all be ones with term, who will naturally yield higher returns.

If you’re combining both player value and likelihood to be moved, winger Blake Coleman reigns supreme among the Flames’ trade chips. Multiple teams – including the Stars and Canadiens – have demonstrated clear interest. He’s been a valuable contributor for Calgary since signing his six-year, $29.4MM payday in 2021, but with one year left on his deal and him now being in his age-34 season, he’s far from a long-term piece.

Coleman’s point production has settled around a half a point per game over the past couple of seasons following a career-best 30-goal showing in 2023-24. With 13 goals in 44 games this season, shortened due to injury, there’s a decent chance he’ll lock in the fourth 20-goal campaign of his career this year. At a stomachable $4.9MM cap hit, plus his proven playoff track record and desirable physical game, he’ll be of utmost interest to any forward-needy contender in a third-line role. With a 10-team approved trade list baked into his contract, he’ll have quite a lot of say in where he ends up, too.

Nazem Kadri would be the headlining name if he’s available. With three years left on his contract, there’s a greater chance Calgary can still squeeze value out of the last couple of years of his deal as they look to turn the corner back toward playoff contention in short order. The prospect of moving him in the middle of a down season likely only adds to the Flames’ hesitance to cut bait. After rattling off a pair of 60-plus point seasons, he only managed 10 goals and 39 points with a -24 rating in 56 games before the Olympic break.

It’s not often a bona fide top-six center, albeit an aging one, is even in conversation to be moved at the deadline, though. He’s grown increasingly comfortable in a top-line role with Calgary and doesn’t break the bank in a rising cap environment at $7MM. If there’s a particularly aggressive club willing to make an offer Calgary can’t refuse, they’re going to listen.

Team Needs

Dynamic Left-Shot Defenseman: The Flames are set on the right side on defense in terms of ceiling. Behind Zayne Parekh, they’ve got two other names with a top-four ceiling in Henry Brzustewicz and Henry Mews. The same can’t be said for the left side, where arguably the most promising young long-term piece, Yan Kuznetsov, is nearly 24 years old and has now graduated to a full-time role this season. With Kevin Bahl also in the mix long-term in the top four, it’s fair to wonder if Calgary is comfortable with two names with such one-dimensional defensive games occupying both first- and second-pairing roles – and that’s assuming Kuznetsov is capable of top-four duties long-term. Whether it’s an intriguing prospect or a young name already on the roster, a better left-shot option in the pool is a clear long-term need.

Finishing Help: If the Flames don’t opt for an entirely futures-based return for Coleman (or anyone else they may move), they’ll look to land a scoring forward in return. The all-around effectiveness of their game is of little consequence. Finishing has been such an extreme issue for the Flames this season that “replacing” Coleman with an Andrei Kuzmenko-type sniper on the wing, similar to their Elias Lindholm deal with Vancouver in 2024, would be some welcome short-term help and potential long-term middle-six security if they’re under team control for a few years. The Flames are scoring a league-worst 2.50 goals per game this season, fueled by an absolutely disastrous team shooting percentage of 8.6%.