OK, what now?

Alex Tanguay did his discount thing this season, putting name to a free-agent contract with the Calgary Flames for just $1.7 million, but with 22 goals among 68 points on the season, he's heading for a big raise.

Huge, in fact, when you consider he's tied for 22nd in league scoring and has produced more than five $3 million-a-year Flames (Olli Jokinen, Rene Bourque, Niklas Hagman, Matt Stajan and Ales Kotalik).

Thing is, the Flames at this point in time are tight to the salary cap and Tanguay is one of nine pending free agents. But he's certainly one of the big fish and he's taking a wait-and-see attitude.

"We're going to look at the situation, what options are available," said the talented left-winger following Friday's practice. "I'm sure we'll be talking to the team here once we're done, but I don't know how things are doing to play out.

"I've said all along that I like it here and came back for a reason. But like you said, I took the pay cut to give myself a chance at getting my career back on track. Right now, I'm not too worried about it."