Calgary has already opened the door on Morgan Frost’s next deal.
Flames general manager Craig Conroy has started extension discussions with the pending unrestricted free-agent forward, a sign the club wants to keep the conversation moving well before Frost reaches the open market.
TSN Hockey Insider Pierre LeBrun laid out the status of the talks Tuesday on Insider Trading, noting that Calgary’s front office has work to do not just on the player, but on the price tag in a market where salaries keep climbing.
“There’s some important work still ahead for general manager Craig Conroy, notably Morgan Frost, their pending unrestricted free-agent centre,” TSN Hockey Insider Pierre LeBrun explained Tuesday on Insider Trading. “He’s 27 years old, absolutely still fits in terms of his age and what the Flames are building out there. Conroy said to me for a piece I wrote in The Athletic on Monday that obviously they’d like to talk contract on Frost but they also have to figure out in this new world of rising salaries - what’s it going to cost, exactly, to extend Frost?
“The agent is Darren Ferris, and Ferris and Conroy had an initial preliminary discussion on Monday to get the ball rolling on this subject. Ferris loves to bring his clients to market, but in this particular case, there is mutual interest to try to get an extension done at some point this year.”
Frost is in the final season of the two-year contract he signed with Calgary in 2025, carrying a cap hit of $4.375 million. He has opened this season with three goals and seven points in 11 games, building on the first 20-goal campaign of his career a year ago.
Last season, Frost set a personal high with 22 goals and 43 points in 82 games in his first full year with the Flames after arriving from the Philadelphia Flyers.
Calgary picked up Frost and Joel Farabee from Philadelphia at the 2025 trade deadline, sending Andrei Kuzmenko, Jakob Pelletier and two draft picks the other way.
A first-round pick, 27th overall in the 2017 draft, Frost has produced 78 goals and 197 points in 403 games between the Flames and Flyers.
The Flames have room to work with, sitting on $14.3 million in cap space this season, according to PuckPedia. They are also projected to have $43.7 million in space next summer, with 16 players already under contract.
Along with Frost, forwards Ryan Strome and Joel Hanley are also part of Calgary’s list of pending unrestricted free agents.
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