Streit is a veteran at 39 and was actually traded to the Lightning first before being sent further along to the Penguins. Presumably, the Penguins didn't want to deal with the Flyers directly. Streit is a top power play player and has played against Pittsburgh in that role before during the Islanders series a few years ago.
Streit in his last year of a contract that was originally 4 years for a total of $21m. He's an unattached free agent in the summer but it wouldn't be surprising if he retired, plenty of time to go though. So far this season he has 21 points through 49 games with an average time on ice of 19:23. I would expect he would have more sheltered minutes on the Penguins, dependant on injuries and how it plays out. Streit only cost a fourth round pick in 2018.
Elsewhere the Penguins also acquired the struggling Frank Corrado. Corrado turns 24 this month and has been the focal part of a "#FreeCorrado" campaign in Toronto for a while as there is a belief he never really got a fair shot and spent too much time in the press box. He has only played 2 NHL games this season and 18 with the Toronto Marlies in the AHL but he has 69 games to his name. He has been sent down to Wilkes-Barre and if he does well he may be able to feature more permanently in the NHL next year.
To get Corrado the Penguins gave up a large, dead cap in Eric Fehr. Fehr was waived yesterday and Toronto traded for him rather than claim him to clear a contract in a trade. They also acquired Steven Oleksy and a fourth round pick this year. To remove the burden of Fehr's contract that is a fair price.
The only real disappointment for deadline day is that we couldn't find a trade partner for Fleury which means he goes forward and could be claimed by Las Vegas if we ask him to waive his NMC and he obliges, allowing us to protect Murray. But that is a while away.
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