I don't see why everyone is overreacting anyway. Don't most pending UFA's engage in contract negotiations at some point anyway? Doesn't necessarily mean Cammy is going to re-sign. There is a good chance he'll be dealt even if negotiations are ongoing until the deadline.
I wouldn't even be opposed to signing him to a new deal if the return Burke is being offered is a lot worse than most are predicting. If he's only worth a second rounder the Flames might as well bring him back considering they will have a difficult time bringing other free agents to Calgary during the rebuild.
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