NHL Trade Rumors: Nazem Kadri could spark blockbuster return to Maple Leafs if Flames collapse unfolds

A tense situation is playing out in the NHL. Calgary Flames centre Nazem Kadri has a full no‑movement clause that keeps him off the market—at least for now. But with the trade deadline approaching, signs point to change. According to insiders, the Toronto Maple Leafs are silently watching, and if Calgary adjusts its stance, a bidding war could ignite.


Nazem Kadri not on the trade block yet but Calgary Flames could change stance soon

On July 4, 2025, TSN insider Darren Dreger told First Up on Toronto 1050 that “Nazem Kadri isn’t available. I’m not saying he won’t be available … but let’s see how things go in Calgary.” Kadri, 34, is under contract through 2028‑29 at $7 million per season, with a full no‑movement clause that gives him control over any trade .



Calgary’s general manager Craig Conroy has maintained that the Flames want to stay competitive. Dreger added that, should Kadri become available, “if the player were ever available, of course Toronto would be interested". With Kadri coming off a productive 35‑goal, 67‑point season, and a Stanley Cup win with Colorado in 2022, interest around the league is high .


Toronto Maple Leafs could pursue Nazem Kadri if Flames season collapses


Though Kadri’s name re‑entered Maple Leafs discussions, analysts warn the cost could be steep. Dreger noted that Toronto has limited trade capital after dealing away first‑ and second‑round picks at last season’s deadline . He highlighted that “Easton Cowan? That’s not enough” to land a player of Kadri’s caliber .

Meanwhile, journalist David Pagnotta echoed that, while Toronto may “entertain it,” the fit doesn’t add up due to Kadri’s long deal and Calgary’s unwilling stance . Pagnotta also pointed out that Kadri’s contract size and Flames’ no‑move clause make a trade premature.

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Bottom line: Nazem Kadri is not on the trade block, yet. But the landscape could shift as the season unfolds. If Calgary falters by next March, or Kadri waives his clause, Toronto could make a strong push. With multiple teams seeking a top‑six centre, any sudden move could spark a dramatic bidding war—if both Calgary and Kadri agree.