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LeBrun: Flames have begun preliminary extension talks with Morgan Frost

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By Ryan Pike

Oct 27, 2026, 19:30 EDT

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After a rocky start to the season, things are starting to trend positively for the Calgary Flames.

They’ve won four in a row. Their young players are scoring pretty goals and then celebrating with dances. One of their goaltenders was just named the NHL’s second star of the week.

As things go fairly well on the ice, the Flames are starting to work on their unfinished off the ice. Per a report from TSN and The Athletic’s Pierre LeBrun, on Tuesday’s edition of TSN’s Insider Trading segment, the Flames have begun preliminary discussions with centre Morgan Frost’s representation on a potential contract extension.

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INSIDER TRADING… - Cap constraints could challenge Leafs - Sharks a possible fit for Edvinsson? - Predators, Kraken looking to add - Flames begin extension talks with Frost - Pending UFA Lehkonen off to a scorching start WATCH: tsn.ca/nhl/video/2026…

10:14 PM · Oct 27, 2026

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Here’s LeBrun, who began joking about an earlier discussion with colleague Darren Dreger about Flames head coach Ryan Huska and then moved into the Frost discussion:

…but in the meantime, there’s some important work still ahead for GM Craig Conroy. Notably, Morgan Frost, pending UFA centre. He’s 27 years old, absolutely still fits in terms of his age with what the Flames are building out there. Craig Conroy said to me for a piece I wrote in The Athletic on Monday that yeah, 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 Morgan Frost.
The agent is Darren Ferris. And Ferris and Conroy had their initial, preliminary discussion on Monday to get the ball rolling on this subject. Ferris, as Dregs has talked about a lot over the years, loves to bring his clients to market, but in this particular case there is mutual interest in trying to get an extension done at some point this year.

Frost, 27, is a left shot centre currently carrying a $4.375 million cap hit. The Flames acquired him and Joel Farabee from the Philadelphia Flyers in January 2025 in a trade that sent Jakob Pelletier, Andrei Kuzmenko and a pair of draft picks to the Flyers.

Frost is represented by Darren Ferris, who’s the lead agent at Quartexx Management and currently represents familiar names like Mitch Marner and former Flames like Nazem Kadri and Sam Bennett. Suffice it to say, he and Flames general manager Craig Conroy are quite familiar with each other.

In terms of what a market deal for Frost would look like… well, we’re not sure. The folks at AFP Analytics project Frost’s next deal as three years at a $6.3 million AAV.

But consider a few factors:

The cap is going up, reaching $113.5 million next season, which will inflate salaries.
The centre free agent market looks incredibly thin for next summer.
We’ve seen some bonkers contracts for centres recently. And while those players might not be direct comparables for Frost’s role on the Flames, a rising tide lifts all boats, and rising cap hits for first-line centres will drag up second-line centres’ cap hits, too.

Frost had 22 goals and 43 points for the Flames in 82 games last season, and already has seven points over 11 games this season. For comparison’s sake, Matt Coronato is four years younger than Frost and has a $6.5 million cap hit for fairly comparable offensive production. As a centre, Frost plays a more premium position than Coronato, but a long-term Frost deal would capture fewer prime years (and more of his declining seasons) than Coronato’s would, so maybe there’s a comparison to be made there. If you give Frost the same compensation as Coronato, adjusted for the increase in the salary cap, it would be about a $7.7 million AAV.

The Flames have ample cap space going forward, few established centres signed long-term – their best centre is 37-year-old Mikael Backlund – and several promising but untested options on the way, such as college star Cole Reschny. Time will tell if the Flames can find common ground with Frost on a new deal to remain a Flame.

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