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Tampa Flips Mark Streit to Pittsburgh Penguins

USATSI_9887087_154158418_lowresRemember earlier today when the Tampa Bay Lightning acquired Mark Streit in a deal with the Philadelphia Flyers? Well, Streit’s been traded again.

The Lightning have flipped Streit to the Pittsburgh Penguins for a fourth-round draft pick.

Sometimes things happen fast in the hockey world.

The deal gives the Penguins mobility on the blueline and some power play help, while Tampa receives a depth pick for the 2018 NHL Entry Draft.

Pittsburgh is also without three of their top six defencemen at the moment, with Kris Letang, Olli Maatta and Trevor Daley all on the shelf.

“He’s obviously a veteran guy,” Penguins coach Mike Sullivan said. “He’s played in the League a long time. He brings a puck-moving ability to his game, we can use him on the power play. Mark’s a good player. With some of the injuries we have, I think [the front office] was looking to try to improve our depth on defense, so that we have the best chance to succeed moving forward.”

If nothing else, this deal helps explain why the Flyers ate 4.7 percent of Streit’s salary after pushing him to Tampa. And that exchange helps the Lightning maintain the cap space they require to pile up the signings they have planned for the summer.

So with the Flyers taking 4.7 percent of Streit’s salary, the Lightning are handling 50 percent and the Penguins will pay the remaining 45.3 percent.

The breakdown makes dumping Valtteri Filppula’s salary all the more impressive, especially considering the fact that general manager Steve Yzerman ditched some serious cap obligations and a no-movement contract for what amounts to a seventh-round draft pick. He’s also able to use more protection slots to keep the Vegas Golden Knights out of his kitchen when the expansion draft goes down.

There is, it would appear, a lot of business behind this deal.

Streit will be an unrestricted free agent come summer.

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