Though he was the team's second leading scorer, Tanguay continued to be the subject of trade talks throughout the season. Set to become a restricted free agent in July 2006, the Avalanche chose to trade his negotiating rights to the Calgary Flames at the 2006 NHL Entry Draft in exchange for defenceman Jordan Leopold and two second round draft picks. Tanguay felt that the team chose to trade him after he failed to live up to the team's expectations in the playoffs even though he continued to struggle with his knee injury. The Flames quickly signed Tanguay to a three-year contract worth US$15.75 million.