I should hope that this organization is exploring every option to retain him.
He is their best defencemen. He is also the captain.
With that being said, it sure sounds like the Flames have been met with a price that they don't like. There is a wide gap between: "that is too much to retain him" and "don't spend any assets on retaining him". If the price makes sense, keep him. We have seen this organization spend assets on players at the trade deadline who didn't move the needle and then went on to UFA for nothing the following season. There is no way the Flames limp into next season with the defence last season minus Giordano without adding anything else. If they do that, then they better just rebuild as a crap defence isn't going to get them anywhere. It was crap last season, and without Giordano it is even worse.
Good on the Flames to explore all options and figure out how to best manage this asset. If it is too expensive, and they can't trade him, and they can't buy him out and re-sign him later, or work something else out, then fine. To not try would be idiotic. Set your price and live with it. It isn't like Giordano is worth nothing. He has value. How much is the question.
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