The Calgary Flames have built a reputation for being active when the trade market heats up, and even with the 2026-27 season likely to be quieter on that front, there are still several names on the roster worth watching. Some of the team’s biggest pieces could still be in play before the 2027 trade deadline, which makes the club’s trade protection picture worth laying out clearly.
At the top of the list is Jonathan Huberdeau, the only Flame with a full no-movement clause for the life of his contract. In practical terms, though, it may never matter.
His recent production, the size of his deal and the major hip surgery he’s coming off make him a tough fit for any trade conversation right now. The clause could become more relevant later in the contract, but at this stage it’s largely a technicality.
Mikael Backlund is the other player with a no-movement clause, and that one makes a lot more sense. The captain stayed with the organization during the mass exodus in 2023 and again in 2025, and the Flames rewarded that loyalty with full protection.
He also has Jarome Iginla’s franchise record for games played within reach, so there’s little reason to think he’d be waving that clause this season. His protection doesn’t last forever, though.
On January 1, 2028, it changes to a 10-team no-trade list for the rest of the 2027-28 season, giving Calgary some flexibility as long as any deal falls outside that list.
Jacob Middleton enters the picture with a 15-team no-trade list, the third-strongest protection on the roster. That gives him the ability to block a move to 15 of the league’s 31 teams, while leaving the other 16 open.
For a player who profiles as a bottom-pairing defender, it stands out a bit, though the contract itself was handed out by Bill Guerin and the Wild before Middleton arrived in Calgary. Recent reporting suggests he probably won’t be moved anytime soon anyway, so this one may not become a factor until 2028-29, when he’s a pending UFA.
Yegor Sharangovich also has trade protection, and his comes in the form of a 10-team no-trade list. That means he can keep himself away from 10 clubs while the Flames would still be free to move him to the other 21. His clause gets a little more team-friendly in the final year of his deal in 2029-30, when it drops to an 8-team list.
The most immediate name to watch is Morgan Frost. He enters 2026-27 as a pending UFA, which puts him squarely in the middle of trade speculation all the way to the 2027 deadline in March.
All signs point toward him eventually being moved out of Calgary, and his 8-team no-trade list is likely to matter before long. Frost can choose eight teams he won’t join, while the Flames would still have 23 options.
Looking further ahead, Kevin Bahl will pick up an 8-team no-trade list beginning in 2027-28 and carrying through the rest of his contract, which runs through 2031. Dustin Wolf’s recent seven-year mega extension includes no trade protection for his first two seasons, then a 10-team no-trade list for the final five years starting in 2028-29.
The two newest Flames, Simon Nemec and Matt Coronato, are on similar timelines. Nemec will have no trade protection for the first four years of his five-year deal before getting a 10-team no-trade list in 2030-31. Coronato’s contract works the same way: no protection until the final season, when he also receives a 10-team no-trade list.
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