 Opinion of the deal shifted considerably the following season as Conroy established himself as the Flames' first line center alongside Jarome Iginla. The pair developed good chemistry and became strong friends. Conroy scored career highs with 28 goals and 75 points, while Iginla reached the 50-goal plateau for the first time and led the NHL in scoring. Iginla credited Conroy for making his breakout season possible. Additionally, Conroy was named a finalist for the Selke Trophy for a second time. The Flames named him a co-captain along with Bob Boughner late in the 2001 – 02 season, and he held the role full-time in 2002 – 03.
