We’re rapidly approaching the 2021 National Hockey League trade deadline, which is 1 p.m. MT next Monday (April 12). As we head towards the deadline, let’s look back a bit and ponder: how were the current Flames built?
We’re focusing only on players under contract in the organization to make life simple here.

The rundown

Player
Date Acquired
Details
D Mark Giordano
July 6, 2004
Signed to three year contract.
C Mikael Backlund
June 22, 2007
Selected 24th overall in 2007 NHL Draft.
-Acquired 24th overall (Backlund) and 70th overall (John Negrin) from St. Louis for 18th overall. [7/22/2007]
LW Johnny Gaudreau
June 25, 2011
Selected 104th overall in 2011 NHL Draft.
C Sean Monahan
June 20, 2013
Selected 6th overall in 2013 NHL Draft.
LW Sam Bennett
June 27, 2014
Selected 4th overall in 2014 NHL Draft.
D Rasmus Andersson
June 27, 2015
Selected 53rd overall in 2015 NHL Draft.
-Acquired 2015 second round pick from Vancouver for Sven Baertschi. [3/2/2015]
-Selected Sven Baertschi 13th overall in 2011 NHL Draft. [6/24/2011]
D Oliver Kylington
June 27, 2015
Selected 60th overall in 2015 NHL Draft.
-Acquired 2015 second round pick (Tampa’s, 60th) from Arizona for 2015 third round pick (76th) and 2015 third round pick (Washington’s, 83rd). [6/27/2015]
-Acquired 2015 second and third round picks from Washington for Curtis Glencross. [3/1/2015]
-Signed Curtis Glencross to three year contract. [7/2/2008]
LW Andrew Mangiapane
June 27, 2015
Selected 166th overall in 2015 NHL Draft.
G David Rittich
June 10, 2016
Signed to one year contract.
LW Matthew Tkachuk
June 24, 2016
Selected 6th overall in 2016 NHL Draft.
G Tyler Parsons
June 25, 2016
Selected 54th overall in 2016 NHL Draft.
-Acquired 2016 second round pick (Parsons) and 2018 fourth round pick (Demetrios Koumontzis) from Florida for Jiri Hudler. [2/27/2016]
-Signed Jiri Hudler to four year contract. [7/2/2012]
LW Dillon Dube
June 25, 2016
Selected 56th overall in 2016 NHL Draft.
-Acquired 2016 second round pick, Brett Pollock and Jyrki Jokipakka from Dallas for Kris Russell. [2/29/2016]
-Acquired Kris Russell from St. Louis for 2014 fifth round pick. [7/5/2013]
RW Eetu Tuulola
June 25, 2016
Selected 156th overall in 2016 NHL Draft.
RW Matthew Phillips
June 25, 2016
Selected 166th overall in 2016 NHL Draft.
-Acquired 2016 sixth round pick (Phillips) and Niklas Backstrom from Minnesota for David Jones. [2/29/2016]
-Acquired David Jones and Shane O’Brien from Colorado for Alex Tanguay and Cory Sarich. [6/27/2013]
-Signed Alex Tanguay to one year contract. [7/1/2010]
-Signed Cory Sarich to five year contract. [7/1/2007]
D Juuso Valimaki
June 23, 2017
Selected 16th overall in 2017 NHL Draft.
C Adam Ruzicka
June 23, 2017
Selected 109th overall in 2017 NHL Draft.
C Glenn Gawdin
November 16, 2017
Signed to three year contract.
D Noah Hanifin
C Elias Lindholm
June 23, 2018
Acquired from Carolina for Dougie Hamilton, Micheal Ferland and Adam Fox.
-Selected Adam Fox 66th overall in 2016 NHL Draft. [6/25/2016]
-Acquired Hamilton from Boston for 2015 first and second round pick (both Calgary’s) and 2015 second round pick (Washington’s). [6/26/2015]
-Acquired 2015 second and third round picks from Washington for Curtis Glencross. [3/1/2015]
-Selected Micheal Ferland 133rd overall in 2010 NHL Draft. [6/26/2010]
-Signed Curtis Glencross to three year contract. [7/2/2008]
LW Martin Pospisil
June 23, 2018
Selected 105th overall in 2018 NHL Draft.
LW Emilio Pettersen
June 23, 2018
Selected 167th overall in 2018 NHL Draft.
RW Dmitry Zavgorodniy
June 23, 2018
Selected 198th overall in 2018 NHL Draft.
C Derek Ryan
July 2, 2018
Signed to three year contract.
C Luke Philp
March 19, 2019
Signed to two year contract.
G Artyom Zagidulin
April 9, 2019
Signed to one year contract.
D C.J. Lerby
May 7, 2019
Signed to two year contract.
D Alexander Yelesin
May 10, 2019
Signed to two year contract.
LW Jakob Pelletier
June 21, 2019
Selected 26th overall in 2019 NHL Draft.
G Dustin Wolf
June 22, 2019
Selected 214th overall in 2019 NHL Draft.
-Acquired 2019 seventh round pick, Eddie Lack and Ryan Murphy from Carolina for Keegan Kanzig and 2019 sixth round pick. [6/29/2017]
-Selected Keegan Kanzig 67th overall in 2013 NHL Draft. [6/30/2013]
C Byron Froese
July 1, 2019
Signed to one year contract.
LW Justin Kirkland
July 2, 2019
Signed to one year contract.
LW Milan Lucic
July 19, 2019
Acquired from Edmonton with conditional pick (3rd round, 2021) for James Neal.
-Signed James Neal to five year contract. [7/2/2018]
D Connor Mackey
March 20, 2020
Signed to one year contract.
D Colton Poolman
March 20, 2020
Signed to one year contract.
D Johannes Kinnvall
April 29, 2020
Signed to two year contract.
C Connor Zary
October 6, 2020
Selected 24th overall in 2020 NHL Draft.
-Acquired 24th overall (Zary) & 79th overall (Arizona’s, Jake Boltmann) from Washington for 22nd overall. [10/6/2020]
-Acquired 22nd overall & 71st overall (Jeremie Poirier) from NY Rangers for 19th overall. [10/6/2020]
D Yan Kuznetsov
October 7, 2020
Selected 50th overall in 2020 NHL Draft.
D Chris Tanev
October 9, 2020
Signed to four year contract.
G Jacob Markstrom
October 9, 2020
Signed to six year contract.
RW Buddy Robinson
October 9, 2020
Signed to one year contract.
D Alex Petrovic
October 9, 2020
Signed to one year contract.
LW Zac Rinaldo
October 9, 2020
Signed to one year contract.
G Louis Domingue
October 10, 2020
Signed to one year contract.
LW Joakim Nordstrom
October 19, 2020
Signed to one year contract.
RW Dominik Simon
October 22, 2020
Signed to one year contract.
D Nikita Nesterov
October 23, 2020
Signed to one year contract.
LW Josh Leivo
October 24, 2020
Signed to one year contract.
RW Brett Ritchie
January 17, 2021
Signed to one year contract.
D Michael Stone
January 18, 2021
Signed to one year contract.

Some details

Four players here were acquired by general manager that’s not Brad Treliving: Giordano and Backlund (Darryl Sutter), Gaudreau and Monahan (Jay Feaster). Everyone else is a Treliving asset.
Giordano (2004) and Backlund (2007) are obviously the longest-serving assets, but when you include the assets used to acquire picks (e.g., the full asset tree), then Phillips (2007), Lindholm, Hanifin and Kylington (2008) also slot in with impressive longevity.
The Flames have back-filled their prospect depth fairly effectively in recent years with European and college signings. They’ve also managed to sign and/or retain multiple players from every draft since 2014.
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Yes, Dustin Wolf and Matthew Phillips were both drafted with “throw in” late draft picks the Flames got in trades. Yes, asking for another draft pick to be included in every trade – even if it’s “only” a sixth or seventh round pick.