Flames Sign Matt Coronato To Seven-Year Extension

Set to become a restricted free agent this summer, Flames winger Matt Coronato has instead put pen to paper on his next deal early.  The team announced that they’ve signed Coronato to a seven-year, $45.5MM extension, one that will carry an AAV of $6.5MM per season.  PuckPedia reports the breakdown of the deal is as follows:

2025-26: $5MM salary, $2MM signing bonus
2026-27 through 2030-31: $6.5MM salary
2031-32: $6MM salary

The 22-year-old was a first-round pick by Calgary back in 2021, going 13th overall.  The Flames took a gradual development strategy with Coronato after picking him, as he spent two years at Harvard before turning pro in 2023.  He also didn’t go straight to the NHL as he spent half of his first full professional campaign in the AHL with the Wranglers where he had 42 points in 41 games before making the jump to a full-time NHL spot this season (aside from a two-game AHL stint in late October).

This season, Coronato finished tied with MacKenzie Weegar for third on the Flames in points with behind only Nazem Kadri and Jonathan Huberdeau.  Meanwhile, his 24 goals put him third on the team in that department as well while he logged 17:35 per night of playing time.  That performance was good enough to secure him a spot on Team USA’s roster for the upcoming Worlds but following the results of an MRI, he opted to withdraw from the team as a preventive measure to recover and train on schedule for next season.

While it’s not common for a team to hand out a long-term deal to a player with only one full NHL season under his belt and a total of just 112 career appearances at the top level, GM Craig Conroy has rightfully determined that Coronato is going to be one of Calgary’s building blocks for the present and future.  With that in mind, it’s not surprising that getting a contract done was at the top of his to-do list this offseason.

It’s worth noting that Coronato had five years of club control remaining so they could have easily worked out a shorter-term agreement and then looked to lock him up on a more expensive pact down the road that would have kept him in the fold longer.  Instead, they’ve opted for the long-term deal now, meaning that Calgary only gets two years of extra control with this agreement while Coronato receives a 10-team no-trade clause in those final two seasons; players aren’t eligible for trade protection in their RFA-eligible years.

With the signing, the Flames now have around $67.7MM in commitments for next season, per PuckPedia, leaving Conroy with nearly $28MM in cap room to work with this summer.  Forwards Morgan Frost and Connor Zary along with defenseman Kevin Bahl are their most prominent remaining RFA-eligible players, while winger Anthony Mantha and goalie Daniel Vladar highlight their group of pending unrestricted free agents.

Photo courtesy of Brett Holmes-Imagn Images.