As TFP first reported, the Los Angeles Kings have acquired goaltender Ben Bishop from the Tampa Bay Lightning.
Goalie Peter Budaj and young defenseman Erik Cernak are heading to the Lightning as part of the trade, along with a 2017 seventh-round draft pick and a 2017 conditional draft pick.
The Kings also acquire a 2017 fifth-round draft pick from the Lightning as part of this trade, and the Lightning retain 20 percent of Bishop's contract.
Bishop, 30, has played in 32 games with the Lightning this year, posting a 16-12-3 record, a 2.55 goals-against average, a .911 save percentage and one shutout.
The native of Denver, Colo. has played for the Lightning, Ottawa Senators and St. Louis Blues during his eight-year NHL career. In 263 career regular-season games he has posted a 146-77-23 record, a 2.32 goals-against average, a .919 save percentage and 19 shutouts.
He was originally drafted in the third-round (85th overall) by the St. Louis Blues during the 2005 NHL Entry Draft.
Budaj, 34, appeared in 53 games this season with the Kings, posting a 27-20-3 record with a 2.12 goals-against average (third in the NHL), a .917 save percentage and seven shutouts (tied for the league-lead).
Cernak, 19, has appeared in 40 games this season with the Erie Otters (OHL), where he has recorded three goals and 14 assists for 17 points, a plus-27 rating and 47 penalty minutes.