Well lets see what sort of deals there are:
1) Rentals - The Flames won't play in this market. They won't spend assets for a pending UFA
2) Selling - This gets murky. I would say they do not make a deal to sell a player for futures. They don't really have a great deal of pending UFA's that are worth anything and have publicly said Kadri, Andersson, and Weegar will not be moved this season and even if they were it would be more for the players coming back as opposed to futures.
3) Buying - I may strongly disagree with it but I can see Conroy using picks and prospects to acquire a 22-24 YO middle 6 centre with unproven offensive upside.
4) Middle man - trading cap space for picks
- as a true 3rd party and trading a retention slot for a pick
- a cap clearing deal - a $3 to $8 M cap hit player plus 1st, 2nd or 3rd round pick for futures
not sure these will happen no matter what Conroy says I do not think ownership will buy a pick with retention and cap clearing deals are more of an offseason thing.
5) Hockey Trade - PLayer in/Player out - This is the sort of deal that the Flames would need to do to get Cozens. The Sabres won't want futures they will want players that can help mentor their young players. I don't think we see this at the deadline. Also Conroy has said that Andersson, Weegar and Kadri are not on the market this season and those are the players that can return a young player with a lot of upside.
overall i think that it is extremely likely that the Flames are done trading for the season now UNLESS a team offers up a young center with upside and only wants futures for him.