I tried to make this realistic, while also addressing team needs. The Flames need RWers, a center, stay at home D, and intensity/toughness... wow we need a lot.
Draft:
Nathan MacKinnon (2nd choice- Drouin, 3rd choice- Jones, 4th choice- Barkov).
Do not re-sign:
Pros: Cervenka, Begin, Babchuk, MacDonald
Farm: Carson, Cameron, Bancks,
Resign:
Pros (1-way): Backlund, Brodie, Butler, Ramo, McGratton (1 year)
Farm (2-way): Byron, Cundari, Breen, Bouma, Aliu, Taylor
Free agency:
You never know who will sign where, so these are a crapshoot.
Filppula: 4 years/ 5 million per year
Clarkson: 4 years/ 4.5 million per year
Stalberg: 4 years/2.5 million per year
Regehr: 2 years/3 million per year
Trades
I tried to make these realistic, but that is always subjective... I don't think Tanguay or Sarich are tradable right now.
I think the Flames need to trade a smaller LW to get tougher. Cammalleri has a NTC so he will probably want to go to a good team, and the Devils need some forwards for next season and have cap space. Still, he may be difficult to move at $6 million even for just 1 season.
Cammalleri to Devils for a 2014 2nd
Several teams need cap relief, especially the Flyers. Meszaros is a UFA after next season, has no NTC, and a $4 million cap hit.
2014 3rd to Flyers for Meszaros... wouldn't mind trying to get Grossman instead if he would waive his NTC for Calgary (why would he do that though

)
2014 Roster:
Tanguay-Filppula-Clarkson
Glencross-Backlund-Stempniak
Stalberg-Stajan-Hudler
Baertschi-MacKinnon-Jackman
Extras: Horak, McGratton, B. Jones
Brodie-Wideman
Giordano-Meszaros
Butler-Regehr
Extras: Smith, Sarich, Breen
Kiprusoff (ya I hope he comes back)
Ramo/Berri
Looking at that roster, the Flames could actually use Iginla back. RW is weak and there are not many RW UFAs out there. Some may think the idea is ridiculous, but I think it is worth consideration depending on the contract he wants. I hope they could compete for a playoff spot, but it won't be easy.