The Flames are expected to be active in the trade market, but don’t expect a complete teardown. Team president Don Maloney opposes the idea, telling Sportsnet’s Eric Francis that a last-place finish is “the farthest from our mind.”
Calgary has tasted precious little playoff action over the last decade and a half, appearing in the postseason just five times since 2009 and not at all in the previous three seasons. This lack of meaningful hockey likely means that the fans and the franchise don’t want to stomach a full-scale rebuild that could mean another three to five consecutive seasons – at least – without playoff action.
That being said, floating the idea of stripping the roster down to the studs isn’t surprising given that the Flames have hit the bottom of the standings and have some veteran players who probably aren’t part of the team’s future. Defenseman Rasmus Andersson is a pending UFA and will attract plenty of interest from contending teams as the season approaches the trade deadline. Nazem Kadri remains a top target for teams, although Calgary seems relatively lukewarm about trading the veteran center, with Maloney commenting that Calgary needs more Kadri’s and not less. Most of the trade speculation isn’t the main issue on the ice, but it’s definitely a consideration for some players. Last year, Calgary seemed ready to take a step forward this season, but after a rough start, the rest of the year’s outlook appears uncertain.
Calgary experienced a quiet summer, leaving them uncertain about their short and long-term plans. They are not a contender at the moment, but they also do not appear fully committed to a rebuild, creating an interesting dynamic similar to the one the Capitals had a few years ago. Back then, they made forward-looking moves in the interim, hoping to retool on the fly.
That strategy proved very successful for Washington last season, as they became one of the top teams in the NHL. It seems to be a blueprint other teams are adopting to avoid the lengthy rebuild that became common in the 2000s and 2010s. While it has worked for Washington and helped the Penguins through part of this season, it’s a gamble because the risk is becoming a non-playoff team that neither qualifies for the postseason nor gets a high draft pick. That’s where Pittsburgh has been over the past three seasons, and a similar situation occurred with the Flames before trading Jarome Iginla to the Penguins in 2013.
Calgary has several desirable players who could bring future assets in the trade market. The aforementioned Andersson and Kadri are the top trade chips, but the Flames also have several other pending UFAs. Forward Ryan Lomberg and defenseman Jake Bean are both in the last years of their contracts, and although neither is a high-impact player, they should have a market as the deadline nears. Lomberg is a former Stanley Cup winner who doesn’t get much ice time in Calgary and is a frequent hitter. He has just three goals and 11 assists in 100 games as a member of the Flames, but he wasn’t signed for his scoring. Despite being undersized at just 5’9”, Lomberg plays a high-energy game and can get under opponents’ skin. All of these traits are highly valuable during the playoffs, which should make him an easy trade for the Flames, but he might not return much in a deal.
Bean is another player on an expiring deal who probably won’t fetch much if Calgary decides to move him. The 27-year-old has been a virtual non-factor since signing a two-year, $3.5MM deal in 2024, with nine points and a -7 rating in 77 games. For someone whose puck-moving ability is his calling card, that’s simply not enough output. As such, he’s become a frequent healthy scratch, only skating in three of Calgary’s last 11 contests.
Andersson, Lomberg, and Bean are the Flames’ notable UFAs this season, but apart from Andersson, they won’t significantly contribute to building future assets. This puts the team in a tricky position if they don’t plan to move Kadri. Should they trade their UFAs, keep everyone else, and wait until next summer to restart their rebuild? Should they approach next summer with caution, like they did this past year? Or should they completely tear down the roster and rebuild around Dustin Wolf and their younger stars? Flames general manager Craig Conroy will need to answer these questions soon, as the answers will shape the team’s direction. It’s okay to change course if circumstances change, but if Calgary doesn’t develop a clear plan soon, it risks losing its direction.
Nobody expected them to be Stanley Cup contenders this season, but the hope was that the young players would continue to develop. Since it’s still early in the season, there is time for that to happen. Some players have already moved up to the NHL (Wolf, Matt Coronato, Zayne Parekh), with more expected to follow in Cole Reschny and Hunter Brzustewicz. However, it’s fair to question whether the Flames will have enough top-tier talent when they’re ready to compete, which makes it essential to gather future assets for current veterans – especially when those veterans likely won’t be part of the Flames’ next competitive window.
The Kadri discussion is confusing, but it might be the Flames playing a long game to get the best value for the 35-year-old. Calgary doesn’t have many top-tier players to trade, and Kadri could be one of their last chances to acquire valuable pieces for the future. After posting an impressive 35 goals and 32 assists in 82 games last season, Kadri has started slowly this season with just four goals and 10 assists in 22 games. While his numbers look to be dropping off, it is fair to point out that he is shooting just 5.6% this season, compared to 12.5% last year and 10.9% over his 17-year NHL career. If he regresses to the mean, he should still pot 25 goals this season and will remain in demand on the trade market.
Calgary might hit a boiling point soon if they keep losing, and it could turn into a situation where they try to move every player over 30 who isn’t Mikael Backlund. While that might be the plan, it’s hard to see anyone trading for Jonathan Huberdeau and his hefty contract. But a player like Blake Coleman might generate some interest (with money retained), or even defenseman MacKenzie Weegar could be moved, despite still having plenty of term left on his deal. Coleman has actually garnered the most tangible interest of the Flames’ trade chips thus far in the season and has already been linked to a return to the Devils.
Regardless of what Calgary does, it’s hard to imagine them continuing the season in their current direction. They have more young players coming up and still have veterans who can perform at a high level. While Huberdeau’s contract isn’t going to age well, the rising salary cap will lessen its impact.