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Is Elias Lindholm worth a $5-million cap hit?

Elias Lindholm isn’t signed – yet.

But the Flames are working towards locking down one of their biggest offseason acquisitions, with rumour having it he may get a five- or six-year deal, with an annual average value of around $5 million.

The Calgary Flames appear to be closing in on an extension with RFA, Elias Lindholm. Details being worked on but expectation is 5 or 6 years at around $5M per.

— Mike Kelly (@MikeKellyNHL) July 13, 2018

Lindholm’s arbitration date isn’t until Aug. 1, the last of the five Flames to file for arbitration, but he’s the highest profile of the lot, with the most NHL experience and an anticipated top six role, so focusing on a deal for him sooner rather than later makes sense.