- Morgan Frost is one year from unrestricted free agency and the Flames have not opened extension talks
- His current deal carries a $4.375 million cap hit and an eight-team no-trade clause in the final season
- Read below for the projected price on his next contract and the trade rumor already attached to him
Calgary has a big decision coming on Morgan Frost, and the Flames are in no hurry to make it.
Frost has one season left on his contract and becomes an unrestricted free agent next July 1. Josh Cybulski of Pro Hockey Rumors laid out the standoff on Saturday. Calgary can sign him to an extension, or it can let him play his way into being a trade chip before the March deadline.
Neither side gains much by blinking first, which is why the summer has been quiet.
The terms of the current deal matter here. Frost signed a two-year, $8.75 million contract in July 2025, and the second year came with an eight-team no-trade clause. Here are the specifics from PuckPedia:
He gave Calgary plenty for the money. Frost played all 82 games last season and finished with 22 goals and 43 points, leading the Flames in goals and tying for second on the team in scoring. He averaged 2:30 of power-play time a night.
Watch all 22 of them:
AFP Analytics projects a four-year deal at $6.3 million as his next contract. Cybulski figures a 60-point season in Frost’s age-27 year would push that into the $7 million to $8 million range, because teams never stop paying for center help.
That is the part Calgary has to weigh. The Flames finished 14th in the West at 75 points last season and already have most of their forward group signed long term, with Craig Conroy sticking to his rebuild timeline. Frost may open camp as their first-line center, and paying a first-line rate for that role is a different conversation.
His name is already circulating. On The Sick Podcast, Jimmy Murphy pitched Frost as a fit for Montreal’s search down the middle, with Flames defenseman Zach Whitecloud floated as a second piece in a bigger package, per NHL Trade Rumors. There is no indication the two clubs have actually talked.
Kent Hughes has already told Canadiens fans he will not make a bad trade to satisfy anyone, and Calgary has no reason to sell a 22-goal center in August. Frost sets his own price starting in October.
