With four games remaining on the calendar, the Flames currently sit in 11th place of the Western Conference and failed to generate any offense in a crucial contest against the Los Angeles Kings on Wednesday.
Meanwhile, the Flames could start the re-tooling process at the very top and relieve Feaster of his duties before making any moves on the roster. If Feaster is kept, significant changes are expected to take place in deciding to keep veteran players or build from a pool of young prospects.
They could also target president and chief executive officer Ken King, who once had full immunity in Calgary, but could now be on the block for a fresh start.
However, important discussions involving the future will need to include captain Jarome Iginla and starting netminder Miikka Kiprusoff as they could choose to take their talents to a Stanley Cup contender.
