Flyers trade Streit to Lightning for Filppula, 2 draft picks
The Tampa Bay Lightning have acquired defenseman Mark Streit from the Philadelphia Flyers in exchange for forward Valtteri Filppula, a fourth-round draft pick in 2017, and a conditional seventh-round selection in 2017, the Flyers announced.
However, the condition attached to the seventh-round pick was if the Lightning traded Streit - which they did, immediately dealing him to the Pittsburgh Penguins - so that pick becomes strictly a seventh-rounder, according to Stephen Whyno of the Associated Press.
Streit is a veteran of 765 regular-season games and has 428 career points.
Meanwhile, the Lightning free up some cap space for next season. While Streit holds a more expensive cap hit at $5.25 million - compared to Filppula's $5 million - the blue-liner will become an unrestricted free agent at season's end, while Filppula remains under contract for one more season.
#Flyers now inherit Filppula's NMC & will be required to protect him in the upcoming Expansion draft. #Tampa on the other hand gains a spot.
— CapFriendly (@CapFriendly) March 1, 2017
The deal comes shortly after Filppula reportedly vetoed a trade to join the Toronto Maple Leafs.
Streit has chipped in five goals and 21 points this season, while Filppula has been slightly more productive with seven goals and 34 points in 59 games.