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Additional moves have made the Matthew Tkachuk trade tree really complicated

Photo credit: Candice Ward-USA TODAY Sports

By Ryan Pike

Jul 11, 2026, 10:00 EDTUpdated: Jul 9, 2026, 13:47 EDT

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Way, way back in July 2022, restricted free agent forward Matthew Tkachuk informed the Calgary Flames that he wouldn’t be signing a long-term deal with the Flames.

Tkachuk’s decision, undertaken after speaking with other teams after receiving his qualifying offer – a right afforded to him under the collective bargaining agreement – led to a pretty significant trade with the Florida Panthers. And while the Flames opted to make a trade with Florida in order to keep their playoff contention window opened, it ended up slamming shut soon after.

Nevertheless, Tkachuk’s departure landed the Flames several significant assets. And since that original trade, those assets have turned into other assets. Combined with assets the Flames acquired from other trades – which also involved prominent veterans being traded for futures – the Tkachuk trade tree has become very complicated… but also quite fruitful.

Here’s our best attempt at a snapshot as of early July 2026.

July 22, 2022: Matthew Tkachuk and a conditional fourth-round pick to Florida in exchange for MacKenzie Weegar, Jonathan Huberdeau, Cole Schwindt and a conditional first-round pick

The conditions on the picks were… complex and lengthy. The long and the short of it was Florida had a couple conditional trades at once and the conditions cascaded. Eventually, Florida’s 2025 first-round pick transferred to the Flames and as part of the swap, the Panthers received Calgary’s 2025 fourth-rounder.

The Flames took Cullen Potter at 32nd overall in 2025, while the Panthers selected Mads Kongsbak Klyvo at 112th overall. (The Flames lost Schwindt to waivers in October 2024; we’ll track him as an asset moving forward here, but we’ll note him with an asterisk since the Flames lost him.)

Well, this was as simple as tracking this trade’s aftermath was going to get for everyone…

March 4, 2026: MacKenzie Weegar to Utah for Olli Maatta, Jonathan Castagna, Utah’s 2026 second-round pick, Ottawa’s 2026 second-round pick and the NY Rangers’ 2026 second-round pick

With the Flames leaning into their rebuild, they sent Weegar to Utah ahead of the 2026 trade deadline.

This swap essentially turned the Tkachuk trade into Tkachuk and Kongsbak Klyvo for Maatta, Huberdeau, Schwindt*, Potter, Castagna and three 2026 second-round picks. Still relatively straight-forward.

But wait, it gets more confusing to track…

June 23, 2026: Etienne Morin, the NY Rangers’ 2026 second-round pick, Vegas’ 2027 first-round pick (conditional) and Colorado’s 2028 first-round pick (conditional) to New Jersey for Simon Nemec and Maxim Tsyplakov

Alright, let’s break this one down. The Rangers’ pick is one of the three from Weegar’s trade to Utah. The Vegas pick is from the Rasmus Andersson trade. The Colorado pick is from the Nazem Kadri trade. (The conditions on the two picks are that they’re top 10 protected, which were conditions on the original transfer of the picks to Calgary in the prior trades.)

Because picks from other trades were moved, we sort of have to fold the Andersson and Kadri trades into the Tkachuk tree to make everything flow. And so, what was previously a fairly straightforward trade becomes this:

Tkachuk, Andersson, Kadri, Morin, Kongsbak Klyvo and a 2027 fourth-rounder for Maatta, Huberdeau, Whitecloud, Nemec, Tsyplakov, Olofsson*, Schwindt*, Potter, Curran, Wiebe, Castagna, two 2026 second-round picks, a 2027 second-round pick and a 2028 second-round pick

(The Flames lost Olofsson to free agency on July 1; like Schwindt, we’ll track the asset but note it with an asterisk.)

But wait, there’s more…

June 27, 2026: Utah’s 2026 second-round pick and Calgary’s 2026 third-round pick to Carolina for Nashville’s 2026 second-round pick

The Flames traded up from 51st overall to 42nd overall to select Tobias Trejbal, adding to the Tkachuk trade tree. Carolina selected William Hakansson with Utah’s second-rounder (51st) and Zach Lansard with Calgary’s third-rounder (68th).

The Flames then selected Alan Shaikhlislamov with Ottawa’s second-rounder, the remaining pick they had from the Weegar trade to Utah.

Tkachuk, Andersson, Kadri, Morin, Kongsbak Klyvo, Lansard and a 2027 fourth-rounder for Maatta, Huberdeau, Whitecloud, Nemec, Tsyplakov, Olofsson*, Schwindt*, Potter, Curran, Wiebe, Castagna, Trejbal, Shaikhlislakov, a 2027 second-round pick and a 2028 second-round pick

But here’s one more trade to make the tree more entangled…

July 2, 2026: Blake Coleman and Olli Maatta to Minnesota for Jake Middleton, Minnesota’s 2029 second-round pick, Minnesota’s 2027 third-round pick and Minnesota’s 2028 fourth-round pick

So add Coleman into the mess, too!

So, as of July 8, here’s the overall, complicated combination of assets in and out related to the Tkachuk trade from 2022:

Tkachuk, Andersson, Kadri, Coleman, Morin, Kongsbak Klyvo, Lansard and a 2027 fourth-rounder for Huberdeau, Whitecloud, Middleton, Nemec, Tsyplakov, Olofsson*, Schwindt*, Potter, Curran, Wiebe, Castagna, Trejbal, Shaikhlislakov, a 2027 second-round pick, a 2027 third-round pick, a 2028 second-round pick, a 2028 fourth-round pick and a 2029 second-round pick

Is this series of asset inflows and outflows overly complicated? Sure is! Did the Flames end up getting quite a bit for four pretty prominent veteran assets in Tkachuk, Andersson, Kadri and Coleman? Undeniably yes.

And it seems inevitable that this trade tree will keep becoming more and more entangled as time moves on and the Flames potentially move additional veterans, with Whitecloud perhaps the most prominent trade chip on the Flames’ side of things.

What do you think of the many, many assets the Flames have accumulated from the Matthew Tkachuk trade? Let us know in the comments!

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