The Flyers added center Valtteri Filppula - a veteran player whose production has dipped in recent seasons - and a pair of draft picks by sending defenseman Mark Streit to Tampa Bay on Wednesday afternoon.
"We get a couple more swings in the draft," Flyers general manager Ron Hextall said after announcing the trade at the team's practice facility in Voorhees, "and we added a piece that we felt could help us this year and next year."
They also added $5 million toward next season's salary cap, giving them less flexibility in the offseason.
In the deal, the Flyers received fourth- and seventh-round draft picks in 2017.