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.

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.

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.

Copyright © 2017 Score Media Ventures Inc. All rights reserved. Certain content reproduced under license.