Flames trade Regehr, sign Tanguay

Robyn Regehr of the Calgary Flames wears a Saskatchewan Roughriders hat while skating through an...

Robyn Regehr of the Calgary Flames wears a Saskatchewan Roughriders hat while skating through an outdoor practice at McMahon Stadium in Calgary on Saturday February 19, 2011. (LYLE ASPINALL/QMI AGENCY)

STEVE MACFARLANE, QMI Agency

, Last Updated: 1:25 PM ET

After a wild 24 hours, the Calgary Flames got their wish.

Then a second one was quickly fulfilled.

With defenceman Robyn Regehr waiving his no-movement clause late Friday night, a deal with the Sabres was completed officially Saturday morning — sending the veteran blueliner to Buffalo along with winger Ales Kotalik and a second-round draft pick in 2012 in exchange for centre Paul Byron and defenceman Chris Butler.

Shortly thereafter, the Flames used the extra cap space to sign left-winger Alex Tanguay to a five-year, $17-million deal, keeping their best playmaker in recent seasons with captain Jarome Iginla.

Byron is a small but skilled centre with a lot of heart. He's generously listed at 5-foot-9 and 170 lb., but the Ottawa product proved with the QMJHL Gatineau Olympiques he could put up points — scoring 33 times and posting 99 points in his last junior season before making the jump to the pro ranks last year.

With the Portland Pirates, the 22-year-old scored 14 goals and 33 points in 57 games. Byron also scored once and added an assist in eight NHL games with the Sabres.

Butler has spent parts of the last three seasons with the Sabres.

The 24-year-old has some offensive upside but still hasn't established himself as an NHL regular.

Ridding themselves of Regehr's $4.02-million cap hit and Kotalik's $3-million gives the Flames some breathing room heading into free agency.


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