The series would not be close, as Edmonton powered past Calgary in five games, including humiliating 10–2 and 9–1 victories over the Flames.
"Badger" Bob Johnson replaced Al MacNeil as the team's head coach prior to the season.
McDonald finished the season five goals behind Gretzky, but his mark of 66 remains a Flames record.
Note: GP = Games played; G = Goals; A = Assists; Pts = Points; PIM = Penalty minutes †Denotes player spent time with another team before joining Calgary.
Note: GP = Games played; TOI = Time on ice (minutes); W = Wins; L = Losses; OT = Overtime/shootout losses; GA = Goals against; SO = Shutouts; GAA = Goals against average The Flames were involved in the following transactions during the 1982–83 season.