I think for anyone that was wavering, I would say that the Markstrom trade essentially erases any doubt of what the Flames are in - a rebuild.
To kickstart this rebuild, they have a lot of draft ammo, plus they have a high number of legitimately good prospects already. This team is deep going into this rebuild. What does this mean? Let's see who figures this out:
Defencemen (ignoring established vets, and in no particular order):
Miromanov (He isn't young... but not old. I'll plop him here)
Pachal
Poirier
Brzustewicz
Jurmo
Grushnikov
Kuznetstov
Solovyov
Morin
Hurtig
Bahl
Okhotyiuk (own his rights anyway)
Boltman (Rights expire Aug 15, but doubt he is signed).
Lerby (2025)
Rafikov (c'mon man, just come to one camp - you have Russian friends now!)
What does everyone see with this group? I think you have guys with ceilings of #2 defencemen: Poirier, Brzustewicz and Morin. I like Morin out of the group the best, but I doubt there is a real #1 guy here. I would say it is more likely these 3 will be 3/4 defencemen. Then the next group have ceilings of 3/4, with some ending up as very good 5/6 defencemen. There is a lot of depth here, and a lot of defencemen that are tracking well given their ages. I am not worried about the Flames not having enough depth on defence coming out of this rebuild. What they need is #1/2 defencemen.
Forwards (ignoring established vets, and in no particular order):
Zary
Pospisil
Coronato
Pelletier (RFA - obvious re-sign)
Honzek
Stromgren
Morton
Bell
Kerins
Nikolayev
Ciona
Damiani (RFA - I think the Flames cut bait here)
Klapka (RFA obvious re-sign)
Schwindt (RFA - probably re-sign)
Ben Jones (UFA - not sure if re-signed)
Suniev
Lipinski
Littler
I might have missed some (or included some that the Flames did not retain). Either way, what is the breakdown with forwards? Again, lots of support players. There is the potential here that a couple of players step-up and become top-line players, but in my opinion, this is a very deep group that tops-out at 2nd line players. Some centres, playmakers, scorers, size and grit - this is a fairly deep group, especially given that the Flames have spent a lot of picks under Treliving.
Goalies - I am including Vladar as he is still young enough, but in no particular order:
Vladar
Wolf
Ignatjew
Yegorov
Sergeev
Chechelev
I would argue that this is the only position organizationally that the Flames shouldn't be concerned with, though I do think that they draft a goalie this year. The standouts to me are Wolf and Sergeev. I argue Vladar is an unknown quantity due to his injury and utilization since coming here. Ignatjew seems like a good add on paper, but no idea other than stats when it comes to him (and those are good). Chechelev looked promising, but has faltered, but perhaps he finds his groove again. Yegorov was just drafted and seems to have had a good season. I would be very shocked if there isn't a starter here. I actually think there is a starter/tandem here. Still, better to draft a few more than scramble down the road trying to draft and trade for established vets who wasted a a few years' of the core (Elliott, Smith, etc).
What this organization needs to do is find top pairing elite defencemen and top-line elite forwards. This prospect pool will probably be rated above average right now. That's a very, very good spot to be in as the draft is still next week.
Edmonton continually drafted high, but they never did anything through their rebuild until recently because they had a terrible draft record outside their lottery picks. They were never able to build a decent team. Calgary is already doing that, with some kids already difference makers (Zary, Pospisil), some players already getting a good dose of experience (Pelletier, Coronato, Solovyov, Pachal, Miromanov, Bahl (in NJ), Okhotyiuk, Wolf, Vladar), and a few more who got a bit of a look last year and whom I bet we will see more of this upcoming season (Kuznetsov, Klapka). Obviously there will be a lot of these kids that won't make it, and if they do, won't be staying long as they won't move the needle enough. However, there is a great base to work-off of. Given how well the Flames have drafted in the recent past, with the same scouts still around and the GM being a functioning member of that staff throughout his tenure in Calgary, I see no reason why we can't expect to churn out more NHL'ers. What is nice to see as well is that there is a lot of size and even toughness in the pool as well.
Conroy now has the relative luxury of being able to 'gamble' a bit more. I still imagine that the list will be drawn up the same way, but now the Flames can probably feel a little more comfortable in taking some 'high risk' players with high ceilings but low floors. Flames won't do this throughout the draft, but I bet they do this a little more. The goal right now is to find high-end difference makers at every position. Find the best players possible. Flames already have a nice collection of support players, they just need to get out of this draft with high-end players. Yes, easier said than done, and of course that should be the focus with every draft. They also have a decent contingent of vets to keep the culture going - Backlund, Coleman, Huberdeau (he works hard), Kadri (though I suspect he will be traded), Andersson (I think he will get traded), Kylington (I expect him to be-resigned) and Weegar.
Some teams have trouble doing it. Vancouver had trouble with depth players to surround and insulate guys like Pettersen, Boeser and Hughes. Edmonton had trouble doing that for the last 20 years until recently when they hit on guys like Bouchard, yet they still had to trade for a lot of their depth rather than develop them themselves. Calgary just needs to focus on one thing - high end core pieces.
I am not saying it is easier, but at least there is a better focus on what needs to be accomplished. Lots of ammo spread over the next 3 drafts (and counting - I expect more trades to happen for futures from now until the deadline). This is undoubtedly a rebuild, and a fairly deep one at that given how many pieces have moved. Just take a look and compare the work that Conroy has done relative to other GMs that have 'torn it down' in a scorched-earth rebuild, and I believe Conroy has traded away more players than most of them.
The Flames just happened to be a very deep team top to bottom. Their prospect pool mirrors them very well actually - deep, but no real stars or high-end difference makers. Time to draft those, and turn this team around 2-3 years from now. This is still not a 'scorched earth' because Calgary is so deep, but this is undoubtedly a proper rebuild, and I love to see it. This will take a few years, but I have absolute faith that the Flames come out of this looking very good.