GLENDALE -- The Coyotes parted ways with defenseman Michael Stone on Monday.
Arizona traded Stone, who is playing on a one-year contract, to the Calgary Flames for a third-round draft pick in 2017 and a conditional fifth-round draft pick in 2018.
Coyotes General Manager John Chayka said Arizona will get the fifth-round pick if Stone re-signs with Calgary before the start of next season. He also said the Coyotes will retain 50 percent of Stone's salary for the rest of this season.
"Calgary's pushing for a playoff spot and they are hoping Michael Stone can give them a jolt, which I think he can," Chayka said. "From my perspective, we have some good young defensemen here and it gives them an opportunity to play more. Anthony DeAngelo is probably the player who comes up and benefits from the opportunity to play more here."
DeAngelo is currently playing for Tucson of the American Hockey League. He likely will be recalled before the Coyotes leave on a two-game trip on Wednesday.
Stone chipped in one goal and eight assists in 45 games this season. It was a grueling season for him as he came back from major knee surgery at the end of last season.
"For me, it would have been nice if Mike had played better this year," Chayka said. "I think there a lot of things that make it not easy to play on an expiring contract. He came back from a knee surgery, and if his level of play had been up to his own expectation even, there would have been a chance to get a better return (on the trade). One of the reasons why we did the one-year deal is we just wanted to see how he would come back and play. Again, I think he'd be the first one to say he didn't play his best this year, but at the same time where we're at with our team in our life cycle, he's a pending UFA. It just made sense to move him to a good situation."
The Coyotes drafted Stone 69th overall in 2008. He played 324 games for the team and was named its Man of the Year, for off-ice work in the community, twice.
"I think Calgary's a perfect situation for him," Chayka said. "Brad (Treliving) knows him well, knows what he can do and will put him in a good situation to be successful. He's got some roots up there ... His wife's got some roots up there, too. For all those reasons, it's good for him and that's important to me, too."
Head Coach Dave Tippett said the Coyotes, like it or not, are "sellers" at this point in the season.
"Unfortunately, we're sellers," Tippett said. "That's where we are as a team. (Stone) has earned the right to be a free agent. He's looking for a long-term contract. Just where we are, the business of the game, we didn't want to go there. Now, Mike's been a good teammate. (He's a) real good person. We wish him well."