From Michael Russo of the Minneapolis Star Tribune:
It looks like Calgary’s re-signed Langkow already at four years, $20 million —
which the Wild wouldn’t have offered anyway. The Flames just can’t announce the deal until July 1 because it puts them over the $50.3 million cap, and the cap doesn’t go up until July 1 (like why the Wild and Bruins had to hold off on the Manny Fernandez trade at last year’s Draft; the trade put the Bruins over the cap until July 1).
Read more of Russo’s Rants here.
There hasn’t been any speculation regarding Langkow landing anywhere else or having any desire to leave Calgary, so this report makes sense. If the Flames could acquire Olli Jokinen, the Flames would be impressive up the middle.