The early-season struggles have intensified pressure on the front office to evaluate future assets and manage salary cap structures. As the Flames prepare to host the Colorado Avalanche, the organization’s approach to the trade market highlights the challenges of balancing immediate competitiveness with long-term flexibility.
Salary Cap Hurdles Complicate Connor Zary’s Status
Connor Zary’s situation remains one of the more complex files for Calgary’s front office. The former first-round pick was recently placed on waivers by the Flames, but all 31 other NHL teams passed on claiming him for free. According to insights shared on Gino Hard, the lack of waiver claims came down to financial considerations rather than a lack of player talent. Zary carries a $3.775 million cap hit for the next two years, prompting interested clubs to seek ways of sending salary back to Calgary rather than absorbing the full financial commitment.
While teams have expressed interest in Zary’s upside, trade discussions with General Manager Craig Conroy have focused on structuring a deal that allows potential suitors to ease the financial burden. Negotiations are ongoing as clubs attempt to find a workable framework that satisfies both sides.
Defensive Interest and the Market for Zach Whitecloud
Zach Whitecloud has generated substantial interest from around the league since arriving in Calgary from the Vegas Golden Knights in January as part of the Rasmus Andersson trade. Signed through the 2027-28 season with a $2.75 million cap hit, the 29-year-old alternate captain brings Stanley Cup championship experience and physical depth to the blue line.
Reporting indicates that clubs quickly reached out to Conroy following the trade to inquire about Whitecloud’s future with the franchise. Among the interested suitors, the Toronto Maple Leafs have emerged as a potential destination, with analysts noting that Toronto is actively monitoring the market for a defenseman of Whitecloud’s profile. Other Canadian franchises, including Montreal, have also tracked his availability.
Morgan Frost Positioned as a Prime Candidate
Among the three players drawing attention, Morgan Frost appears positioned as the most likely candidate to be moved. Entering the final year of his contract with a $4.375 million cap hit and an eight-team no-trade clause, Frost is coming off a productive campaign in which he contributed 22 goals and 43 points.
League observers note that Frost’s proven scoring ability when given top-six opportunities makes him an attractive target for playoff contenders looking to bolster their center depth ahead of the winter months. As Calgary evaluates its options, the unfolding market for Frost, Whitecloud, and Zary will shape the franchise’s trajectory for the remainder of the season.