Calgary Flames Sign Rory Kerins
The Calgary Flames are finalizing an entry-level contract with late-round prospect Rory Kerins, according to Darren Dreger of TSN. The news comes on the first day teams are eligible to sign prospects to contracts that begin in 2022-23, likely the plan for the young forward. Unlike some of the others that have inked deals today, Kerins is not undrafted and was still on the Flames reserve list after they picked him 174th overall in 2020. The team officially announced the deal not long after the report surfaced, and PuckPedia relayed that it will carry an average annual value of $847K at the NHL level.
It also won’t be the first time he signs a contract with the organization. Kerins inked an amateur tryout last year in order to play four AHL games with the Stockton Heat while the OHL season was canceled due to COVID restrictions. That taste of professional hockey certainly seems to have ignited something in the Sault Ste. Marie Greyhounds forward, as Kerins has 33 goals and 84 points in just 50 games.
That’s good enough for second in the entire OHL, only behind Windsor Spitfires star and Dallas Stars first-round pick Wyatt Johnston who has 85 in 46 games. Kerins’ 33 goals are good for third in the OHL behind two other high picks, Brennan Othmann and Luke Evangelista. All of that turns into a pretty good season for the young forward, who will now be secured a professional future starting next season. Given that he’ll turn 20 at the start of April, Kerins will likely play with Stockton in 2022-23 as he continues his climb toward the NHL. For now, he’ll stay with the Greyhounds and chase an OHL championship, or even a Memorial Cup.
Conroy Confident That Gaudreau Will Re-Sign But No Recent Talks
Earlier this week, Flames assistant GM Craig Conroy expressed confidence that the team would be able to re-sign pending UFA winger Johnny Gaudreau in an interview on Sportsnet 960 (audio link), going as far as saying “Oh, that’s a done deal. We’re going to get that done”. However, Daily Faceoff’s Frank Seravalli notes that there haven’t been any substantive conversations of late between the two sides, suggesting a new contract isn’t as close as Conroy’s comments might infer. Gaudreau is on pace for a career year offensively with 20 goals and 44 assists in 50 games which has him well-positioned to land a sizable raise on his current $6.75MM AAV as he will be one of the top players to hit the UFA market if he remains unsigned into mid-July.
Calgary Flames Hire Bob Murray As Regional Scout
The Calgary Flames have hired former Anaheim Ducks general manager Bob Murray as a scout, according to Eric Francis of Sportsnet. The long-time executive resigned his position with the Ducks a day after the team put him on administrative leave while an investigation was conducted into improper professional conduct. When he resigned, he indicated that he was entering an alcohol abuse program. Anaheim has since conducted and completed a search to fill the vacant GM position, hiring Pat Verbeek earlier this month.
According to Eric Stephens of The Athletic, Murray attended the Ducks’ recent game against the San Jose Sharks in a scouting capacity for the Flames. Murray and Flames head coach Darryl Sutter played together with the Chicago Blackhawks and have been connected several times since, most recently when Sutter was hired by the Ducks in 2019 as a coaching advisor.
Minor Transactions: 02/16/22
With NHL action ramping up as the trade deadline approaches in just over a month and the Olympic tournament ongoing, it would seem to be an odd time for much other notable news around hockey. Yet, there has actually been a flurry of recent action surrounding players and teams familiar to NHL fans:
- A busy year for veteran defenseman Eric Gelinas continues. Gelinas initially signed with the Carolina Hurricanes this past offseason following an outstanding 2020-21 campaign in Sweden with Rogle BK. However, when it became clear that he was buried on the ‘Canes depth chart and would be stuck with the AHL’s Chicago Wolves for the year, Gelinas’ contract was terminated in late November and he returned to Rogle. However, this was only a short-term pact and Gelinas signed a new contract for the remainder of the SHL season with Djurgardens IF last week. Now he’s on the move again – at least in a future sense. A quirk of the European league structures, Gelinas has in fact signed a two-year deal with SC Bern of the Swiss National League, but one that does not start until next season. Gelinas will finish the season in Sweden before making the jump to Switzerland. The 30-year-old defenseman has nearly 200 games of NHL experience and has found success in a number of European leagues, making him a highly-desirable asset that both Djurgardens and Bern are extremely excited to have under contract.
- Matt Quercia has finally had enough of the college game. The senior forward has decided to leave Michigan Tech in the middle of the season to sign his first pro contract, inking a deal with the ECHL’s Wheeling Nailers according to the league’s transactions register. Quercia was in his first season at Michigan Tech after transferring from Boston University. Overshadowed with the Terriers, Quercia hoped he might find a bigger role with the Huskies. Instead, he had just four points in 14 games and Michigan Tech, one of the surprises of the season with a current national rank of No. 14, has found success without much help from the transfer. Quercia hopes things will be different in the pro ranks.
- Quebec native Charles-David Beaudoin is moving on from the AHL’s Laval Rocket. The 28-year-old defenseman has played in just five games with the team this season versus 28 with the ECHL’s Trois-Rivieres Lions and has decided to chase more opportunity elsewhere. Beaudoin has signed with IF Bjorkloven of Sweden’s second tier Allsvenskan for the rest of the season, the team announced. The AHL veteran could return to North America this summer, but likely has a better chance of playing an impact role in Europe, especially if he is not content spending time in the ECHL.
- A pair of former Calgary Flames teammates are on the move in Europe, going their separate ways after briefly reuniting in the KHL. Emile Poirier, a first-round pick of the Flames in 2013, is joining the aforementioned Gelinas in Djurgardens for the remainder of the season, the team announced. Since leaving North America after the 2019-20 season, Poirier has played in Slovakia and then in the KHL with Latvia’s Dinamo Riga to this point this season, finding success in both places. He now joins a Djurgardens club loading up for the SHL postseason. Hunter Shinkaruk, a 2013 first-rounder himself – selected two spots after Poirier by the Vancouver Canucks, is leaving Dinamo Riga for Sweden as well. He has signed with HV71 of the Allsvenskan, the club announced. Shinkaruk wound up in Calgary in a swap for Markus Granlund and appeared to be on his way to a regular role, but like Poirier ended up stuck in the AHL and left North America during the 2019-20 season. In Poirier and Shinkaruk, Riga has lost two of its top six scorers, but fortunately still has former San Jose Shark Lukas Radil leading the team.
- The Providence Bruins are bringing back a power forward for another season. The team has announced that former OHL star Justin Brazeau has signed a one-year extension. Brazeau, 24, has mammoth size and the on-ice presence to match in his net front presence and checking ability, but is still a project due to his skating ability. Nevertheless, Brazeau has six goals and two assists in 19 games with Providence this season and ten goals and 20 points in 18 ECHL games, showing that he is still capable of scoring despite some shortcomings in his game. That makes him a worthwhile investment for at least one more season for the Bruins.
Calgary Flames Acquire Tyler Toffoli
The Calgary Flames have been interested in Montreal Canadiens forward Tyler Toffoli for some time, and they’ve finally landed their man. The team has sent a 2022 first-round pick, a 2023 fifth-round pick, prospect Emil Heinemann and forward Tyler Pitlick to the Canadiens in exchange for Toffoli. The first-round selection is top-10 protected, though with Calgary’s current position that seems unlikely to occur anyway. If they do end up with a top-10 pick, Calgary would instead send their 2023 first-round selection and an extra fourth-round pick in 2024. Chris Johnston of TSN adds that no salary has been retained in the deal.
Toffoli, 29, has been an excellent offensive piece since arriving in Montreal, recording 37 goals and 70 points in 89 games with the Canadiens. While only nine of those goals have come this season, almost all of the Canadiens’ forwards have seen a dip in production due to the weak overall play of the team. If there’s anyone in the league that knows exactly what Toffoli can bring to the ice it is Flames head coach Darryl Sutter, who coached the forward to a Stanley Cup championship in 2014 when both were with the Los Angeles Kings.
The fact that Calgary has an obvious hole on the right side in the top-nine also makes Toffoli a perfect addition, though he can sometimes be a tough player to fit in with certain linemates. A powerful skater, he’s not a particularly graceful or efficient one, and his offensive chances usually come from his top-notch hockey IQ and anticipation instead of raw tools. Should he join Calgary, Sutter and company would need to find a mix that maximizes those abilities.
Notably, Toffoli also doesn’t represent a deadline rental. Signed to a four-year, $17MM contract in the fall of 2020, he is signed through 2023-24 at a $4.25MM cap hit. That’s certainly a reasonable amount given his offensive upside and the Flames have more than enough money coming off the books at the end of the year to go shopping for players with term. Even if they can get a deal done with Johnny Gaudreau to keep him in Calgary, names like Nikita Zadorov and Erik Gudbranson are all pending unrestricted free agent who could be shed to create some additional flexibility.
That also could be a pointed look at how Montreal GM Kent Hughes is planning on moving forward with the current roster. He has hinted already that there would be substantial changes to the roster–not just rental sell-offs like Chiarot–as he looks to turn around the franchise. With this trade they’ve made the first major incision into the core group, carving out a key player for a package of futures.
Pierre LeBrun of The Athletic notes that the Canadiens were especially interested in Heineman, who they will still need to sign. The 20-year-old prospect arrived in the Calgary organization from the Florida Panthers in last year’s Sam Bennett trade after being selected in the second round in 2020. A forward that plays for Leksands IF in the Swedish Hockey League, he has 16 points in 36 games. Scott Wheeler of The Athletic recently ranked Heineman as the seventh-best prospect in Calgary’s system.
Adding another first-round pick is also notable because this year’s draft is in Montreal. The team already had 11 picks and will likely add even more before the March 21 deadline, with players like Ben Chiarot still garnering interest. If you wanted to rebuild the entire system, that kind of a draft is the best way to start.
For Calgary though, a move like this shows just how invested they are in a long playoff run this season. The team could potentially lose Gaudreau to free agency, will have to work out a new deal with Matthew Tkachuk, and will no longer have luxuries like Oliver Kylington on a league-minimum contract after this season. They have all the pieces to contend for the Stanley Cup and Toffoli’s addition should only strengthen their lineup with some added secondary scoring.
By moving Pitlick out at the same time, the Flames also created enough room to avoid any cap issues. The biggest concern for most contenders–and enticing prospect for most sellers–is how difficult the flat cap has made it to add at the deadline. Calgary avoids having to pay a premium for salary retention, even if they are still handing out a fairly substantial package for the veteran forward. Pitlick happens to be joining his cousin Rem Pitlick with the Canadiens, who was claimed off waivers last month, but the newcomer could also be flipped if healthy at the deadline. Since he is a pending UFA, it doesn’t make a ton of sense for the Canadiens to keep him–Pitlick netted the Seattle Kraken a fourth-round pick last summer.
Elliotte Friedman of Sportsnet first tweeted that talks were picking up steam between the two clubs.
Trade Rumors: Canucks, Tippett, Mrazek, Ducks
Sportsnet’s Elliotte Friedman and Jeff Marek didn’t hold back on their reporting late this evening on “Hockey Night in Canada”. The duo behind “32 Thoughts” had plenty to contribute, starting with Friedman’s report on the Vancouver Canucks. With the Vancouver front office finally coming together, with Patrik Allvin being named GM of Jim Rutherford‘s new-look front office, the Canucks are starting to get busy in trade talks. Although the .500 club is still in the Western Conference wild card race, the reality is that any true playoff success for Vancouver lies in the future. It should come as no surprise then that the Canucks are listening to trade offers – and not just for talked-about target J.T. Miller. Friedman reports that nearly any Vancouver forward could be had for the right price outside of captain Bo Horvat and young star Elias Pettersson. That includes Conor Garland, who the team just acquired themselves this past summer and signed to a reasonable five-year, $24.75MM deal. It is believed that the Boston Bruins, Calgary Flames, New Jersey Devils, and New York Rangers are in pursuit of Garland, though there is likely no shortage of interest in the skilled forward, who has 102 points in 155 games dating back to the start of the 2019-20 season.
- The Florida Panthers are one of the biggest surprises of the season, currently leading the top-heavy Atlantic Division with a .744 points percentage that is also third-best in the NHL. The Panthers are expected to go all-in on a Stanley Cup run this season and specifically are hoping to land a legitimate top-four defenseman. As they go about working the phones, Marek reports that one major name they are dangling is Owen Tippett. The 2017 first-rounder still has yet to make his mark in the NHL, struggling to find enough consistency at the top level to stick in the Florida lineup. However, he is only 22 and still a well-regarded as well as well-liked prospect. Tippett will likely end up as the centerpiece to any big trade the Panthers make this season.
- With Jack Campbell playing at an elite level this season while Petr Mrazek has struggled with injuries and inconsistency, the latter has proven to be little more than a pricey backup for the Toronto Maple Leafs this season while the former will be the team’s offseason priority as an impending free agent. As a result, teams have begun to inquire about Mrazek’s availability. If Campbell does stay in Toronto, the team will have a proven starter and have some promising young options like Joseph Woll and Ian Scott behind him. Marek also adds that the Maple Leafs are in hot pursuit of undrafted OHL standout Mack Guzda, who would further boost the depth chart if Toronto can win a heated race for his services. This hypothetically makes Mrazek and his $3.8MM cap hit expendable, even though he just signed with Toronto this past summer. However, for now the Leafs are maintaining that Mrazek remains a part of their plans. Marek was not so sure about that, but does report that any decision on a Mrazek trade will have to wait for the offseason.
- Among the other suitors for Guzda are the Ducks, Hurricanes, Islanders, Rangers, Penguins, and Predators. (Notably, Guzda is a Tennessee native.) One of those teams is about to get much more serious in their pursuit, as well as in the trade market. Friedman notes that Anaheim is closing in on naming a general manager. While there are still several names in contention, he believes that Pat Verbeek is the odds-on favorite. Once a permanent GM is named, the Ducks will become a fascinating team to watch; they are both well within the thick of the Western Conference playoff race, yet also possess numerous high-value rentals.
Trade Rumors: Chiarot, Oilers, Coyotes, DeBrusk
While the Marc-Andre Fleury-Washington Capitals connection was the highlight of the most recent “32 Thoughts” column from Sportnset’s Elliotte Friedman, the insider had plenty else to say about the burgeoning trade market. Though just a small note, the inclusion most likely to come to fruition is Friedman’s report that several teams are pursuing Montreal Canadiens defenseman Ben Chiarot. Chiarot’s name has been out there among trade candidate all season and it isn’t going away. As the top impending free agent on the NHL’s worst team, Chiarot is a near lock to be dealt. Friedman reports that the Calgary Flames, Florida Panthers, and St. Louis Blues are among the teams confirmed to have interest in Chiarot, but Friedman also keys in on another possibility: the Toronto Maple Leafs. The rumblings out of Toronto suggest that the Leafs are targeting a defenseman at the trade deadline and they may very well need one to escape the ultra-competitive Atlantic Division. Friedman notes that the club kicked the tires on Chiarot when he was a free agent and could be a top contender to land him this time around.
- Another report that is hardly outside the box is Friedman’s suggestion that the Edmonton Oilers have looked into just about every goalie that could potentially be traded this season. Among the list of names are some who have already been linked to Edmonton, such as Columbus’ Joonas Korpisalo and Dallas’ Braden Holtby and Anton Khudobin, but other interesting targets include Philadelphia’s Martin Jones and Washington’s Ilya Samsonov and Vitek Vanecek. However, the key piece of Friedman’s report is that the Oilers may end up empty-handed if they aren’t willing to improve their offer. Friedman hears from potential trade partners that Edmonton is not willing to move their first-round pick and increasingly hesitant to move their second-rounder as well. Without a third- or fourth-round selection this year, the Oilers are seemingly only peddling late-round picks, with top prospects likely off the board as well. That won’t get it done in a sellers’ market.
- One goalie who likely won’t wind up in Edmonton is Arizona’s Karel Vejmelka. Though there have been few bright spots in the Coyotes’ dismal season, Vejmelka’s play has given fans in the desert some hope. The 25-year-old rookie, an unheralded import from the top level in Czechia, has performed well this season. By league standards, his .901 save percentage and 3.40 GAA may not seem like much to be excited about, but as a first-year NHLer playing behind one of the worst rosters in the league, the keeper has held his own in 25 appearances. Rather than quickly flip Vejmelka to another team, the ‘Yotes seem insistent on extending the goaltender instead, including him as a core piece in their rebuild.
- Still in Arizona, where rumors circle the struggling squad, Friedman reports that young forward Lawson Crouse is unlikely to be traded despite recent speculation. The hulking power forward is not without his flaws, but with 10 goals and 20 points in 40 games, Crouse is well on his way to a career year. Although the Coyotes have shown their willingness to move on from high-potential players for the right price by placing Jakob Chychrun on the block, Friedman states that they have begun telling suitors that they would prefer to keep Crouse.
- Elsewhere, The Athletic’s Fluto Shinzawa writes that the market for Bruins forward Jake DeBrusk is in fact as cold as it seems. There was a flurry of speculation when DeBrusk first requested a trade, but it has quieted down significantly since Boston’s play improved in the new year. This isn’t because the Bruins aren’t listening though. Instead, Shinzawa reports that teams seem hesitant to make the commitment to DeBrusk, at least at the Bruins’ asking price. While his play has improved of late, it is still far off his performance earlier in his career and not up to the level that his $4.41MM qualify offer demands. The challenge for the Bruins is to find a team willing to pay the asking price that either is willing to qualify or otherwise negotiate an extension with DeBrusk or conversely a team that sees him as a rental, as recent rumors have suggested the New York Rangers might. Neither the Bruins nor DeBrusk want to extend their relationship, but it may be easier said than done to find the right deal.
Salary Cap Deep Dive: Calgary Flames
Navigating the salary cap is one of the more important tasks for any GM. Teams that can avoid total cap chaos by walking the tightrope of inking players to deals that match their value (or compensate for future value without breaking the bank) remain successful. Those that don’t see struggles and front office changes.
PHR will look at every NHL team and give a thorough look at their cap situation for the 2021-22 season and beyond. This will focus more on players who are regulars on the roster versus those who may find themselves shuttling between the AHL and NHL. All cap figures are courtesy of CapFriendly.
Calgary Flames
Current Cap Hit: $79,991,525 (under the $81.5MM Upper Limit)
Entry-Level Contracts
No regulars in Calgary’s lineup are on entry-level deals.
One Year Remaining, Non-Entry-Level
F Johnny Gaudreau ($6.75MM, UFA)
D Erik Gudbranson ($1.95MM, UFA)
F Trevor Lewis ($800K, UFA)
D Oliver Kylington ($750K, RFA)
F Andrew Mangiapane ($2.325MM, RFA)
F Tyler Pitlick ($1.75MM, UFA)
F Brad Richardson ($800K, UFA)
F Brett Ritchie ($900K, UFA)
D Michael Stone ($750K, UFA)
F Matthew Tkachuk ($7MM, RFA)
D Nikita Zadorov ($3.75MM, UFA)
Gaudreau is obviously the UFA to watch for here. After a couple of quieter years, he has bounced back somewhat this season and is averaging just over a point per game, a mark he has only reached twice in his career. That will certainly give his value a boost at the right time. There are two big questions here – what is he worth and is it worth it for Calgary to pay that? He’ll be 29 to start next season so a max-term contract isn’t out of the question (eight years for the Flames, seven for everyone else) with the last couple being a little cheaper in salary to lower the AAV. Still, it’s quite possible that Gaudreau pushes past the $8MM range and since he is part of a core group that has largely underachieved, should Calgary willingly pay a fair bit more to keep it together? If Gaudreau wants top dollar, I’m not sure it comes from the Flames.
The other big one to watch for obviously is Tkachuk. He’s subject to the old qualifying offer rule which means a $9MM offer needs to be tendered to retain his rights. It’s hard to see him willingly taking a long-term deal at that price point so GM Brad Treliving will need to go higher than that to stop the 24-year-old from taking the offer and heading straight to UFA eligibility in 2023. Another RFA in line for a significant raise is Mangiapane, their top goal-getter this season. With arbitration eligibility and potentially a 30-goal year under his belt (he’s more than halfway there at 18), it’s not unrealistic to think he has a shot at doubling his current price tag. If Calgary pays all three of those, they could be looking at adding $7MM or more just to retain their current forwards let alone add to the group.
As for the other forwards, Pitlick hasn’t had a good season and has struggled since coming over from Seattle. He’ll likely have to settle for something closer to the $1MM range next year as a result. Ritchie, Lewis, and Richardson have all recently gone through the UFA market and deals at just above the minimum were all they were able to get. None have done enough to drastically improve their fortunes much beyond what they’re making now.
On the back end, Zadorov hasn’t quite fit in as well as Calgary hoped as he has been scratched at times and on the third pairing for most of the year. That’s only going to hurt his value instead of the change of scenery from Chicago helping it. His value is tough to peg as someone in his role should be making less than half of what he currently is but it still wouldn’t be surprising if he wound up with a deal in the $2.75MM or more range in the summer. Gudbranson continues to be a physical player on the third pairing and after taking a cut last summer, another small dip is likely. Kylington will be in a much different situation as he has been one of Calgary’s best offensive blueliners this season and will have arbitration eligibility this time around. Some sheltered minutes could play a factor in a hearing but him landing something around $2MM is probably doable. Stone is a depth player and has been for a few years now and he’ll either re-sign for the minimum or they’ll find another depth player willing to play for that salary.
Two Years Remaining
F Milan Lucic ($5.25MM, UFA)*
D Connor Mackey ($913K, RFA)
F Sean Monahan ($6.375MM, UFA)
D Juuso Valimaki ($1.55MM, RFA)
G Daniel Vladar ($750K, RFA)
*-Edmonton is retaining another $750K on Lucic’s deal
Monahan has seen his value dip in recent years and this season hasn’t gone particularly well either. He’s not the number one center they hoped he’d be but lately, he hasn’t even been a second-line pivot. If Monahan can get back to that level, a contract that’s only a bit below his current AAV is still manageable. However, if his current trend continues, something in the $3.5MM to $4MM range becomes more realistic. Lucic is nowhere near the player he once was and is now more of a role player (although with eight goals this season, he’s still contributing a bit offensively). If he gets another contract beyond this one, it will be more commensurate with a fourth liner.
Valimaki’s bridge deal seemed reasonable at the time but after hardly playing in the first two months of the year, he’s in the minors. Waivers will take that option off the table next season but if he’s still barely playing at that time, his $1.86MM qualifying offer could be an issue. Mackey is on a one-way deal which warrants at least a mention here although he has been in AHL Stockton all season. Again, that won’t be an option next year without waivers which could earn him a spot and if he can do that, he could be kept around the $1MM mark.
Vladar has impressed in his first full-time NHL role, albeit in sporadic minutes as the backup goaltender. With how head coach Darryl Sutter is using Vladar, it’s going to be hard for him to command high-end backup money two years from now although something beyond the $2MM mark is certainly a possibility.
Three Years Remaining
F Mikael Backlund ($5.35MM, UFA)
F Dillon Dube ($2.3MM, RFA)
D Noah Hanifin ($4.95MM, UFA)
F Elias Lindholm ($4.85MM, UFA)
D Chris Tanev ($4.5MM, UFA)
Backlund has been a reliable secondary scorer for Calgary while being a key piece defensively for most of the contract. The scoring part hasn’t been there this season, however, and with Monahan and Lindholm also in the fold, he looks like a possible candidate to be moved if Treliving wants to shake things up. Given the demand for centers, there will still be a good market for him. Lindholm has become quite the bargain since coming over from Carolina as he has become the consistent scoring threat that he wasn’t able to be with the Hurricanes while transitioning to playing back down the middle full-time. Assuming he can continue on that trajectory for the next few years, he could land a few extra million per year in 2024. Dube had gradually taken some steps forward over the last couple of seasons, convincing Calgary to give him this three-year deal last offseason. The early returns haven’t been great as he has been more of an energy player than a secondary producer but there’s still time for him to turn it around.
Hanifin isn’t a top-pairing defender as his draft stock suggested he would be when he went fifth overall in 2015 but he’s a quality top-four player who can log some heavy minutes. He’ll hit the open market at 27 in the prime of his career and should be able to command close to a max-term contract with a fairly significant bump in pay at that time. Tanev, on the other hand, is in the back end of his career. While he remains a quality defender, his injury history and a lack of production make this a contract that might not age well over the last few seasons.
Byron Froese Sent To Stockton, Adam Ruzicka Recalled
- Calgary has made a pair of moves, announcing (Twitter link) that center Byron Froese has been sent from the taxi squad to AHL Stockton while center Adam Ruzicka has been recalled to the active roster from the taxi squad. Froese hasn’t played anywhere in more than a month while Ruzicka has a goal in five assists with the Flames this season.
Calgary Flames’ Arena Construction Deal Terminated
The Coronavirus pandemic has claimed another victim. The long-awaited construction of a new arena for the Calgary Flames will no longer begin this year. Instead, the deal is dead. CBC reports that the agreement between the city of Calgary and owners of the Flames on a new arena has officially been terminated. A project that began gaining steam back in 2017, was finalized in 2019, was set to begin construction in 2022, and set to open in 2024 is now completely erased and the Flames are back to square one.
The $600MM project has hit some funding roadblocks along the way as both the city and ownership group have suffered losses during the pandemic. This past summer, with inevitable construction delays on the way, the initial agreement was amended, groundbreaking was pushed to 2022, and the Flames took on an additional $12.5MM in costs. Yet, it seemed like the plan was still on track. However, Calgary mayor Jyodi Gondek stated last month that the team had informed the city that they could not proceed with the agreement as currently constituted. Today, the city announced that the termination of the agreement had been made official due to “unresolved issues”.
Meanwhile, it is estimated that the two sides already contributed $20-25MM into the project, which is now all for not. The city is set to discuss the situation further in the near future, while there has been no word from the Flames side. Today’s announcement did imply that there was no possibility of reformation of any part of the deal, but with financial commitments already made and a concrete plan hammered out, hopefully some semblance of an alternative path forward can be reached.
Otherwise, where the Flames go from here will become a pressing issue in Calgary. The team will continue to play at the Saddledome in the interim, but the old arena is severely outdated and in need of renovations – or replacement, as the team had hoped. Back in 2017, Flames CEO Ken King even publicly threatened relocation of the franchise if the city of Calgary would not help to fund the arena. It then took several years of often heated negotiations for the two sides to reach an agreement. If they have to start from scratch now, the future of the team in Calgary could be cast back into doubt.