A hot market for top-five picks in the 2026 NHL Draft is beginning to form. On the heels of reports that the St. Louis Blues want to crack into the top 10, it appears the Calgary Flames could stand in their way. The Flames are hoping to move up from their current spot of sixth-overall, per David Pagnotta of The Fourth Period and Kyle Morton of Daily Faceoff. The San Jose Sharks’ second-overall pick could be Calgary’s target, with TSN’s Darren Dreger sharing that the Sharks could part ways with their pick. Pagnotta also said that the Chicago Blackhawks could shop around the fourth-overall pick.

It has been more than 20 years since the last time a team traded a top-three pick after it was declared. The last instance – Pittsburgh’s move to first-overall in 2003 to select Marc-Andre Fleury – saw the third-overall pick go the other way. Calgary would pull off an unprecedented move if they were able to swing their way into the top-five.

Moving up in the draft could be a strong way for Calgary to  spark their rebuild. The draft class is led by premium forward talents Gavin McKenna, Ivar Stenberg, and Caleb Malhotra. Each of the three have the potential to one day lead an NHL lineup, as do top defense prospects Chase Reid and Keaton Verhoeff. Should those five names all slide off the board before Calgary’s pick, the Flames would be left with the tough job of guessing the next-best star. Left-defensemen Carson Carels and Alberts Smits have caught attention all season with their dominant two-way play and play-driving ability respectively; while centermen Viggo Bjorck, Tynan Lawrence, and Oliver Suvanto have each held high-end acclaim through points in the season.

Outside of the top-five, there seems to be no guarantee of who will hit. Calgary would be stuck in a guessing game as they look for the draft selection who could propel their young lineup forward. Acquiring either San Jose or Chicago’s pick would effectively subvert that issue, allowing Calgary the chance to land a player with a strong chance of becoming a difference-maker. Their roster could use impacts at seemingly every position – whether it’s a playmaking winger to support Matthew Coronato, a true top-center, or an all-around defenseman who can take pressure off of the offensive-minded Zayne Parekh.

The uncertainty of a lower, top pick would be less of a concern for the Sharks or Blackhawks, who have each landed multiple top-five picks over the last four seasons. The draft class still boasts upside through the teens and the pair of rebuilders could stock their cupboards by pushing Calgary to add more draft capital and a strong prospect like Andrew Basha, Henry Mews, or even breakout college star Ethan Wyttenbach.

The package needed to trade into the top-five will only richen as more teams eye a potential trade. It seems to be a great year to be an established-rebuilder like San Jose and Chicago, who could field a long list of offers as they consider whether to take another star prospect or prioritize quantity over quality. Meanwhile, Calgary’s focus appears set to shift towards finding the X-factor they need to pull together a lineup that – thanks to the emergence of players like Kevin Bahl, Yan Kuznetsov, and Connor Zary – seems to wield promising depth.

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